GCC countries must create a new economic paradigm focussed on greater private sector participation and retention of human capital, to successfully end reliance on oil, a key meeting of experts felt.
The GCC countries need both rev
The digitisation of the economy raises risks of marginalisation and irrelevance if the accounting profession fails to adapt digital technologies, a report has cautioned.
Technology presents opportunities and risks to the future of
Despite global economic uncertainties, prompted by lower oil prices, rising US interest rates and the Chinese slowdown, GCC countries are better-placed than many parts of the world to withstand the problems.
They can expect
Bahrain’s gross domestic product (GDP) growth next year is expected to be 2.8 per cent, according to an expert at Institute of Chartered Accountants in England and Wales (ICAEW). ICAEW economic adviser and Centre for Economics and Busine
Lifting of Iran sanctions in the future will significantly boost its economy and positively affect the neighbouring GCC economies, especially the UAE, due to its solid trading infrastructure, according to experts.
ICAEW members an
While Bahrain has taken promising measures to diversify its economy, the continued oil price slump means more work will need to be done in order for the Kingdom to achieve fiscal, environmental and resource sustainability, a report said.
The private equity market in the Middle East has matured in the last five years in terms of deal structures, volumes and values, according to speakers at a recent forum held in Dubai, UAE.
The debate was organised by ICAEW’s
Accountancy and Finance profession specialists ICAEW and the Bahrain Accountants Association (BAA) have signed a memorandum of understanding (MoU) to support the growth of the accounting profession in the kingdom.
Private sector job creation and maintaining an inclusive labour market are crucial to achieve long term fiscal sustainability in the GCC countries, a report said.
Fiscal pressures on GCC economies are mounting with dropping oil pr
The impact of falling oil prices on GCC’s capital markets is unlikely to continue over the longer term, due to continued high government spending and underlying investments in the oil sector, according to experts.