A new survey of UAE residents by McKinsey & Company sheds light on how Emirati consumers are responding to the Covid-19 pandemic and its resulting downturn.
As tax reforms and regulation take centre stage in the Middle East, a number of countries in the region have introduced transfer pricing legislation in the last year, which has significantly increased the complexity of tax compliance for businesses headquartered in the region.
The Covid-19 pandemic has disrupted supply chains, which has in turn damaged global manufacturing. This has forced governments and businesses to reflect on the long-term viability of their supply chains.
Around two thirds of residents in the United Arab Emirates say that much of the changed habits, routines and practices they have adopted during the Covid-19 are here to stay.
In a virtual boardroom event on healthtech in the Middle East, Molly Final from GE Healthcare and Yassine Bhija from Eastern Growth Markets shared how digital-led advancements can help the healthcare systems take their patient services and operations to the next level.
FFA Private Bank, a Lebanese bank specialised in capital markets and wealth management, has teamed up with global management consultancy Ankura to launch a new offering for the country’s under pressure banking industry.
Two European airlines – Netherlands’ KLM and Portugal’s TAP – have hired Boston Consulting Group to advise the management teams on their restructuring plans. The consultancy was engaged to help find major cost savings and review organisational structures at the airlines, following their applications for state bailouts.
The administrator for NMC Health’s holding company in London, Alvarez & Marsal has now been appointed to manage NMC Health’s administration in Abu Dhabi. The firm embarks on a three-year recovery project that includes a debt moratorium, restructuring and asset offloading.
Protiviti Member Firm for the Middle East Region, a global consulting firm, and Monimove, an award winning fintech solution provider, have announced a blockchain strategic alliance. It aims to empower the trade ecosystem with a fully digitised blockchain enabled platform for greater transparency reduced cost and increased investment protection.
HK&P International, a boutique consultancy dedicated to the financial services sector, has bolstered its data strategy and implementation services through the acquisition of UK-based consulting firm Senya.
The Government of Turkey has been working with Boston Consulting Group to realise a major bilateral trade deal with the US. The proposed deal is hoped to help plug the massive trade gap left by deteriorating relations between the US and China.
Global professional services networks Allinial Global, Kudos International, MSI Global Alliance and Integra International have in the past weeks expanded their coverage in the Middle East.
PwC has extended its international alliance with cybersecurity firm Tanium into the Middle East market. Internationally, the Big Four firm and Tanium have been working together since 2013, when the two companies teamed up in the United States.
International accounting and advisory alliance Geneva Group International (GGI) has added two new member firms in Europe. The alliance already had a presence in France, through alliances with Hans & Associés, Aliantis and Anthony & Cie.
KPMG has hired a team of tax advisors from Keypoint, strengthening its Tax and Corporate Services in Bahrain. Led by newly appointed partner Mubeen Khadir, who re-joined the accounting and consulting firm five years after leaving for a Big Four rival, the transferring team significantly bolsters KPMG’s footprint in the tax services market.
Netherlands-headquartered sustainability consultancy EMG Group has opened a new office in Riyadh, Saudi Arabia. The local operation will support organisations with embracing the sustainability pillar of the Kingdom’s Vision 2030.
Sia Partners and Business Incubators and Accelerators Company (BIAC) have named Saudi Arabia based start-up Kanari CX as the winner of their APIficator challenge.
When dealing with the COVID-19 crisis many people struggle to find the best sources of information. As a contribution to the business community, Infomineo has put together a repository of the best sources of information which we will keep updating during the COVID-19 crisis.
After months of necessary WFH implementation, business executives as well as workers are assessing its long-term potential and shaping their opinions on it. Will it last, once the public health emergency is over?
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