UAE Corporate Tax CFO Compendium 2023
0. INTRODUCTION TO THE UAE CORPORATE TAX On the 3rd day of October 2022, His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, issued the Federal Decree-Law No. 47 of 2022 titled as Taxation of Corporations and Businesses. The law was published in the official gazette of the UAE on the […]
ESG Newslettter – Scope 3 Emissions
Background Climate concerns continues to dominate with more clarity on sectoral commitments required to achieve the global net zero goal, as stakeholders’ requests have become noticeably more specific. The World Economic Forum estimates that Scope 3 emissions account for between 75% and 80% of all emissions generated by the oil & gas sector. Scope 3 […]
Zero Day Attacks( Crypto Bytes – Zero Day Attacks)
Organizations which deal with highly valuable confidential information are usually the main targets for ackers to discover vulnerabilities as those vulnerabilities can then be sold to malicious groups for a significant amount of money. These can have catastrophic consequences for the organization that has their security compromised, and their users who can have their private […]
Vulnerability Management System
Background Vulnerability management is a continuous, proactive, and automated process that is used to find and patch potential vulnerabilities in a system, and thus helps in keeping the system safe from any potential cyber-attacks and data breaches and have systems in place to minimize damage if an attack does take place. Vulnerability Management System Process […]
An Overview of M&As and IPOs in the GCC
M&A activity in the GCC region has been on the rise in recent years, with a focus on sectors such as technology, healthcare, and retail. Some of the key M&A transactions in Saudi Arabia during 2022 included ACWA Power’s acquisition of a 40% stake in the Shuqaiq Steam Power Plant and Sabic’s acquisition of Clariant’s […]
An Overview of the Strategy Consulting
Strategy consulting includes a range of services aimed at helping organizations develop and implement effective business strategies. As a highly in demand service by economy movers the most important area of strategy comprises of Market and industry analysis through which consultants conduct research and analysis to understand the market and industry landscape, including trends, opportunities, […]
Internal Audit and Risk Management
Risk Culture: The Most Neglected Component of Enterprise Risk Management (ERM) Framework Risk Management is defined as set of coordinated activities to direct and control an organization with regard to risk. In all the three components of ERM, Culture is given utmost importance Culture in many ways is “what staff in your organization do when […]
Overview of the Accounting BPO Market in GCC
The Accounting Business Process Outsourcing (BPO) market has been growing globally, driven by advancements in technology and increasing demand for cost-effective and efficient business solutions. The business accounting software market growth is expected to accelerate at a CAGR in the bracket of 7% to 9%. Some of the key factors that have contributed to the […]