Friday 17 November 2017
 
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ICAEW

Oil sector could offset GCC non-oil growth: report

An anticipated non-oil sector growth of 2.6 per cent across the GCC in 2017 will be offset by a further three per cent contraction in the oil-producing sectors, said a report. The acceleration of global trade in the first half of

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Accountancy profession ‘must prepare for AI’

Artificial Intelligence (AI) will transform accountancy and the profession needs to needs to accept that machines will take over more and more decision-making tasks from humans, and work out how to harness this, a report said. Whi

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Raising funds for start-ups ‘still a challenge’

Raising funds in the Middle East remains challenging despite the great start-up ideas and the myriad opportunities that the region has to offer investors, according to accountancy and finance body ICAEW. This was the consensus dur

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Bahrain’s economic growth ‘to stay firm’

Bahrain’s GDP growth should hold up this year staying unchanged from 2.9 per cent last year, thanks to GCC support and higher oil production, our sister publication the Gulf Daily News quoted an ICAEW report as saying.

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Access to finance ‘critical to GCC economies’

As lower oil prices affect the role played by governments as direct and indirect drivers of GCC business investment, ensuring companies’ access to finance is becoming critical, according to a new ICAEW report. This requires

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Access to finance ‘critical to GCC economies’

As lower oil prices affect the role played by governments as direct and indirect drivers of GCC business investment, ensuring companies’ access to finance is becoming critical, according to a new ICAEW report. This requires

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GCC states 'need structural economic reform'

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

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Accountancy ‘must keep pace with digital tech’

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

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GCC 'better-placed to withstand global uncertainties'

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

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Bahrain GDP growth to hit 2.8pc

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

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