New Deloitte report says coronavirus crisis has impacted the Saudi hospitality sector in an ‘unprecedented manner’
Deloitte
Deloitte
Dubai hotels set to rebound by end of 2021 after suffering ‘nasty shock’
Deloitte Middle East chief says performance indicators set to return to ‘much healthier levels’ towards the end of the year
Artificial intelligence
GCC countries must lead the next industrial revolution
Mazen Pharaon, leader of Deloitte’s new Digital Delivery Centre in Riyadh says change requires a combination of training younger generations as well as international perspective as to what is working effectively elsewhere
Deloitte
Saudi millennials more optimistic, ambitious than global peers – survey
2019 Deloitte Global Millennial Survey shows that younger Saudis are more satisfied with their life
Abraaj Group
$1.6bn Abraaj fund investors hire advisers to help recover debt
Investors hire advisory firm Alvarez & Marsal Holdings to help recover money owed by the floundering Middle Eastern private equity firm Abraaj
Abraaj Group
Abraaj liquidator said to prefer Cerberus bid over rival Colony
Sources say agreement for Abraaj assets could be reached in the coming weeks
Abraaj Group
Dubai’s Abraaj posts $188m loss after using investor funds
Court filing by joint liquidator PwC reveals Abraaj owes lenders $1.1bn after the delayed sale of K-Electric in Pakistan
Deloitte
How the GCC’s digital transformation is progressing
Safder Nazir, vice president digital industries, Huawei Middle East, outlines the National Transformation in the Middle East Report
Abraaj Group
US firm said to walk away from Abraaj fund unit deal
Sources say Colony NorthStar Inc has ended talks to buy a majority stake in the fund-management unit of embattled Abraaj Group
Deloitte
Kuwait becoming ‘attractive’ to foreign investors – Deloitte
New report says Gulf state is offering a number of incentives in bid to increase the volume of foreign investment
Abraaj Group
KPMG said to review its audits of Dubai buyout firm Abraaj
Sources say KPMG is conducting an internal review following the alleged misuse of funds
Abraaj Group
Abraaj’s alleged misuse of money said to go beyond health fund
Sources say two separate examinations found potential irregularities in healthcare fund and other vehicles
Abu Dhabi
Abu Dhabi’s Man City named world’s fifth richest football club
21st edition of the Deloitte Football Money League says broadcast money is club’s biggest revenue stream