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Newsworthy articles with a focus on the Middle East & Africa

March 2019

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Kuwait to sign up consultant for T2 airport project

Kuwait to sign up consultant for T2 airport project

Kuwait government is set to sign up a global agency or consultant for its new T2 airport terminal project in order to meet all the necessary requirements and abide by the international standards. The project is likely to be completed by 2022.
Ivory Coast seeks consultant for overhaul of electricity system

Ivory Coast seeks consultant for overhaul of electricity system

Ivory Coast has become the latest African country to seek consulting support for a major development project, amid an overall boom across the continent. The project involves a comprehensive overhaul of the electricity transmission and distribution system across the country.
Government appoints McKinsey & Company to promote investment in Egypt

Government appoints McKinsey & Company to promote investment in Egypt

The Egyptian ministry of investment and international cooperation has contracted with McKinsey & Company to promote investment in the Egyptian market, on the international market levels.Prime Minister Mostafa Madbouly stressed the urgent need to take quick steps in this regard, especially since the investment climate in Egypt has become favorable and attractive after the economic, financial, and monetary reforms, but only lacks a good promotion of the many promising investment opportunities in Egypt.
EY South Africa announces strategic partnership with black-owned auditing firm

EY South Africa announces strategic partnership with black-owned auditing firm

EY has announced a milestone strategic partnership with Motlanalo Chartered Accountants and Auditors Incorporated. The aim of the partnership was to enable the parties to leverage Motlanalo's skills and knowledge, in tandem with them gaining access to EY's global network of resources, integrated teams and auditing expertise.
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ICD Brookfields, EY ink Dubai tower lease deal

ICD Brookfields, EY ink Dubai tower lease deal

Investment Corporation of Dubai (ICD), the principal investment arm of Dubai government said its joint venture with Brookfield Properties, a premier real estate operating company, has signed a pre-let agreement with global professional services firm Ernst & Young (EY), for its 120,000-sq-ft property in Dubai.
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Dion Shango appointed the new Chief Executive Officer at PwC Africa

Global accounting and advisory firm PwC has appointed Regional Senior Partner Dion Shango as the CEO for PwC Africa. Shango is the first black Partner to have been made CEO for Southern Africa in 2015, and will now take over as CEO for Africa with effect from July next year.
Gov’t Policies Suffocating Businesses in Ghana- KPMG

Gov’t Policies Suffocating Businesses in Ghana- KPMG

An international tax consulting firm, KPMG, has identified eight different tax policies which are currently derailing the smooth running of businesses in the country.The policies include the decoupling of the GETFund and NHIL Levy from VAT, Luxury Vehicle Levy and the extension of National Fiscal Stabilisation Levy (NFSL).
Saudi property sector to see robust growth in 2019 – KPMG

Saudi property sector to see robust growth in 2019 – KPMG

The Saudi real estate industry is set to witness a “healthy correction” during 2019, following the sharp rise in property prices in the past several years, according to head of advisory at KPMG Al Fozan & Partners in Saudi Arabia Islam Albayaa.The public and private sectors’ initiatives to enhance this sector are considered the main reason for this notable growth, he added.
Next e-commerce hub Why there's a huge market for online shopping in the UAE

Next e-commerce hub: Why there's a huge market for online shopping in the UAE — KPMG study

While Dubai has positioned itself as a regional brick-and-mortar shopping hub, the UAE is well on its way to becoming the leading regional e-commerce hub, according to a new study by KPMG International.UAE edition of a new KPMG study, “Me, my life, my wallet,” that surveyed 2,500 consumers in the country, analyzed the latest trends in the consumer behavior, consumption pattern and what excites millennial consumers who are emerging the most influential in consumption related decisions.
Qatar needs to reinforce its localisation drive - PwC

Qatar needs to reinforce its localization drive: PwC

Qatar should continue to pursue a national agenda by implementing localisation and In-Country Value (ICV) programs. The country should strive to build its capabilities of the local population, and attract investment to Qatar to achieve a competitive and resilient economy, leading audit and assurance firm PwC said in its ICV Vision document on Qatar.
KPMG in Bahrain to Host a Seminar on Bahrain’s New Personal Data Protection Law

KPMG in Bahrain to Host a Seminar on Bahrain’s New Personal Data Protection Law

Audit, Tax and Advisory firm, KPMG in Bahrain, is hosting a seminar to discuss Kingdom of Bahrain’s new Personal Data Protection Law and its impact on businesses. The half-day event is scheduled to take place on Sunday, 13 January 2019, at the Downtown Rotana hotel under the theme “Data Privacy: As a way of life.”
Deloitte Holds 2019 Middle East Tax Conference in Dubai The Future of Tax Connected and Data Driven

Deloitte Holds 2019 Middle East Tax Conference in Dubai: The Future of Tax Connected and Data Driven

Deloitte will be holding its flagship Middle East Tax Conference for the year 2019 in Dubai on February 10-11, 2019. This is the 12th consecutive year of Deloitte’s Middle East Tax Conference to update practitioners and clients on global and regional tax updates. At the 2019 conference, Deloitte professionals and client panels will present on global taxation trends and tax technology solutions, in addition to topical ME matters.
EY launches Corporate Finance Woman contest in Saudi

EY launches Corporate Finance Woman contest in Saudi

EY, a global leader in assurance, tax, transaction and advisory services, has launched its inaugural Corporate Finance Woman of the Year (CFWY) competition in Saudi Arabia.The initiative encourages Saudi women to pursue careers in the private sector, particularly within transaction services and corporate finance. The competition is open to university students and offers them the opportunity to consider different ways of thinking while empowering them to achieve success in their professional-related endeavors in the future.
KPMG updates Qatar’s finance professionals on IFRS

KPMG updates Qatar’s finance professionals on IFRS

Experts from Audit, Tax and Advisory firm KPMG, briefed over 200 Qatar-based finance professionals on recent developments in IFRS (International Financial Reporting Standards) and the impact that this will have on business operations and processes, at an event held recently.

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Landscaping the Asset Management Market

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