Tuesday 19 March 2024
 
»
 
»
Story

PwC in deal with OBG for reports on Dubai, Abu Dhabi

DUBAI, February 3, 2016

Leading professional services firm has signed a deal with Oxford Business Group (OBG), which will see it contributing to the leading global publishing, research and consultancy firm's operations in the UAE.
 
Under the memorandum of understanding (MOU), PwC will first work with OBG’s team to produce the Tax Chapters of The Report: Dubai 2016 and The Report: Abu Dhabi 2016, said a statement.
 
The publications will chart the UAE’s remarkable growth story, tracing the strides made in shifting the emirates away from a reliance on hydrocarbons towards a largely innovation-led economic base, it said.
 
There will be detailed coverage of the sectors ripe for growth, alongside an analysis of what the UAE has done to stave off the impact of regional unrest and low oil prices.
 
Dean Kern, Middle East Tax and Legal Services leader, PwC Middle East, said: “The UAE continues to be increasingly important, relevant and attractive to businesses from all around the world. The UAE economy is the most diversified in the GCC; while continuously making dramatic shifts towards an innovation-led economic base. 
 
"With the new discussions around tax reforms in the region and the likely introduction of VAT, the UAE and GCC governments will need to make strategic decisions concerning key elements in the system, including harmonization of a number of areas across the GCC to make the VAT system fully efficient.”
 
Speaking ahead of the signing, Jana Treeck, OBG’s managing director for Middle East, said she was thrilled to be teaming up with PwC for one of the group’s key projects, adding that the partnership marked a new phase in a longstanding working relationship.
 
“Oxford Business Group has for many years benefited from PwC’s in-depth knowledge of the tax frameworks in place across several of the markets we cover worldwide, looking at how they are evolving and what those changes mean for investors,” she said. 
 
“The UAE’s plans for reshaping its business environment are extensive, making further regulatory developments inevitable. PwC’s global status and its understanding of the country’s tax system will undoubtedly support our efforts to relay the most accurate and up-to-date business intelligence available on these and other aspects of investing in the UAE to our readers.”  
 
The reports will be vital guides to the many facets of the emirates, including the UAE’s macroeconomics, infrastructure, banking and other sectoral developments, said the statement.
 
The publications will also contain interviews with leading representatives, including the President and Prime Minister of the UAE and Emir of Dubai Sheikh Mohammed bin Rashid Al Maktoum; the President of the Department of Civil Aviation, CEO and chairman of The Emirates Group and chairman of Dubai World Ahmed bin Saeed Al Maktoum; and the president and CEO of the Dubai Chamber of Commerce Hamad Buamim. 
 
Both publications will be available in print or online, it added. - TradeArabia News Service



Tags: UAE | abu dhabi | Dubai | OBG | PWC | Report |

More Media & Promotion Stories

calendarCalendar of Events

Ads