The UAE’s focus on becoming a global innovation hub has increased demand for advisory services in technology, cybersecurity, and digital transformation, areas where smaller, agile firms can compete effectively
Ernst & Young
Latest in Ernst & Young
accounting firm
EY plans ‘industry-changing’ move to split accounting and consultancy business
Global chairman and chief executive Carmine Di Sibio feels Ernst & Young is making the right move even as other big accounting firms refrain from doing so
ceos in middle east
Why sustainability is a top priority for most CEOs in the Middle East
EY CEO Survey 2022 reveals that 97% of top execs believe ESG principles will be a key driver of value
Abu Dhabi Securities Exchange
Record IPO proceeds generated as Gulf bourses rally after pandemic
New research shows 21 IPOs in MENA region raising proceeds of $7.9bn in 2021
Abraaj Capital
KPMG Lower Gulf sued for $600m over alleged sloppy auditing in Dubai’s Abraaj scandal
Allegations are the latest to hit one of the Big Four accountancy firms over poor auditing work
Ernst & Young
Why more Middle East firms may favour SPAC over IPO to go public
Ernst and Young says surge in special purpose acquisition company transactions in the MENA region is set to continue
audit firm
Ernst & Young accused of ‘hiding’ huge audit fraud at UAE healthcare major NMC
NMC founder BR Shetty alleges that the auditors turned a blind eye to thousands of suspicious transactions
business confidence
Middle East to remain preferred investment destination, say business execs
New EY survey says most MENA companies feel satisfied with their performance during the coronavirus crisis
Aramco IPO
MENA IPO deals more than double to $2.8bn in Q2
EY report says increase in IPO activity across the MENA region is proof that companies are still keen to execute IPOs and gain access to international investors and stock markets
Careem
Revealed: the impact of Aramco, Uber on MENA’s M&A landscape
MENA region sees 220% jump in merger and acquisition deals too $115bn during first six months of 2019
Desalination
DEWA invites firms to apply for Dubai desalination project
Expressions of interest sought for 120 million imperial gallons per day Hassyan Sea Water Reverse Osmosis project
Aramco IPO
Saudi Arabia leads GCC’s $2.5bn IPO activity in 2018
New EY research says many companies across the Middle East have chosen to delay their plans for initial public offerings
DIFC
New DIFC office tower secures EY as key tenant
Global professional services firm Ernst & Young will occupy four floors of ICD Brookfield Place in Dubai
Abu Dhabi
SBI said to appoint EY to carry out forensic audit of Jet Airways
The audit will be on the Indian carrier’s accounts from financial year 2014 till March 2018