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McKinsey's latest report on Africa-China economic partnership challenges previous beliefs

China is Africa's largest economic partner. Yet it has been a challenge to understand the full extent of the partnership due to a dearth of data. A new report by McKinsey Africa finds that its involvement is bigger and more multifaceted than previous studies suggest. The report is based off of field interviews with more than 1,000 Chinese companies.

Read more – McKinsey


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ADGM, KPMG launch FinTech innovation challenge

Abu Dhabi Global Market (ADGM) and KPMG have come together to launch the first FinTech Abu Dhabi Innovation Challenge to identify game-changing innovations for the region's financial services industry.

Read more – TradeArabia


KPMG, Microsoft announce portfolio of digital solutions

KPMG and Microsoft have announced two important strategic initiatives that they say will expand the scope of their global alliance: firstly, to provide clients in Saudi Arabia and around the world with a portfolio of digital solutions, and secondly, to enable KPMGs smart audit platform.

Read more – KPMG


Al Sagga Appointed PwC Saudi Arabia Assurance Leader

PWC Middle East, one of the world’s largest professional services firm with over 4,000 people and 21 offices across the region, announced the appointment of Omar Al Sagga as its Assurance Leader in the Kingdom of Saudi Arabia. Omar takes on this new role in addition to serving as Deputy Country Leader, Kingdom of Saudi Arabia.

Read more – PwC


KPMG launches online learning hub

KPMG, a global network of professional services firms providing audit, tax and advisory services in Bahrain, has launched its new corporate training portal. The site offers online training modules to organisations across all sectors, helping them to prepare for and meet the challenges of operating in an increasingly complex business environment, it said in a statement.

Read more - KPMG


IBM Global Business Services Ranked #1 for Mindshare and Quality in the Gulf Cooperation Council (GCC)

IBM announced that its consulting organization, Global Business Services (GBS), was ranked first for Mindshare and Quality and also named the most recommended consulting organization in the Gulf Cooperation Council (GCC) in 2017. This was based on findings in the Perceptions of Consulting in the GCC in 2017 report by Source Global Research, a leading research and strategy firm for the global management consulting industry.

Read more – Daily News


South Africa's Eskom, McKinsey to investigate graft allegations

South Africa state power utility Eskom and global consultancy McKinsey have suspended working together while they carry out separate investigations into allegations of wrongdoing in winning a government contract, the two firms said on Wednesday. McKinsey is one of several companies to be dragged into a scandal in South Africa involving government contracts granted to companies controlled by members of the Gupta family, businessmen friends of President Jacob Zuma.

Read more – Reuters


Mercer seeks to double assets under management in the Middle East

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Read more – The National


FTI Consulting Expands Global Risk & Investigations Practice to the Middle East

FTI Consulting, Inc. announced the expansion of its Global Risk & Investigations Practice within its Forensic & Litigation Consulting segment with the appointment of Yaser M. Dajani as a Senior Managing Director to lead the practice in the Middle East and North Africa region. 

Read more – FTI Consulting


PwC to conduct Egypt IDWBE bank restructure scheme in 6 months

Egypt’s Industrial Development and Workers Bank (IDWBE) has signed an agreement with U.S. accountancy firm PricewaterhouseCoopers aimed at implementing an administrative and financial restructuring for the bank. The restructure process will take between four and six months.”

Read more – Arab Finance


PwC hosted the Climate Launchpad 2017 National Finals

The organisation supports the biggest competition for green business ideas, through a series of activities and the voluntary participation of its executives. PwC Cyprus hosted at its headquarters in Nicosia the National Finals of Climate Launchpad, the biggest competition for green business ideas organised in Cyprus by Chrysalis LEAP.

Read more – PwC


 KPMG to Sponsor 2017 Global Fintech Hackcelerator At the Singapore FinTech Festival

KPMG, in collaboration with the Monetary Authority of Singapore (MAS), is set to sponsor the 2017 Global FinTech Hackcelerator program as part of the annual Singapore FinTech Festival which will take place from November 13-17th.

Read more – CrowdFund Insider


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