Saudi insurance sector assets hit $22.6bn in 2024
KPMG
Latest in KPMG
accounting firm
Do we still have ‘the Big Four’ in the UAE?
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
Cyprus
Unlocking Cyprus: Elevate your business with KPMG expertise
KPMG’s highly-experienced professionals can assist in all the steps of the migration process starting from offering professional advice relating to the set up and tax treatment of relocation, analyzing and presenting the Cyprus legal framework and helping companies set up their base on the island in an efficient manner
Abu Dhabi
UAE ultra-rich, family offices to contribute $500bn to economy by 2026
The UAE economy is set for a half a trillion USD boost from the super wealthy and family offices
Bollywood Parks Dubai
Eid begins; UAE Golden Visa update; major Saudi customs change, Kuwait plans to cancel expat permits – 10 things you missed this week
Top UAE, Saudi, Kuwait news and stories you need to read this week
Abraaj
Dubai court fines KPMG $231mn over Abraaj fallout
KPMG Lower Gulf to appeal the verdict in supreme court after a Dubai court ruled in favour of group of investors who lost money with Abraaj
Corporate tax
Dubai announces corporate tax plan, awareness training
The recently announced corporate tax will be implemented from June 2023 in the UAE
advisory services
KPMG doubles growth rate in the MESAC region as revenue climbs 18.3 percent
KPMG International revenue grows to $35 billion for FY22; Advisory the strongest division with 30 percent growth in the Middle East, South Asia, and Caspian region
Entrepreneurs
UAE women more optimistic about work life than global counterparts
UAE women business leaders are also more “people-focused and empathetic” than their male counterparts
c-suite executives
UAE CEOs most optimistic in the world, study reveals
86% of global CEOs expect an imminent economic downturn while 60% of UAE CEOs expect earnings to increase
Abraaj
DFSA fines KPMG $1.5 million over Abraaj failings
Both KPMG LLP and Navalkar have withdrawn their decisions for review by the Financial Markets Tribunal (FMT)
advisory services
KPMG Lower Gulf’s embattled CEO Nader Haffar to step down
The company was recently fined $2 million by Dubai Financial Services Authority over its audit of Abraaj; Haffar himself was in trouble over nepotism and cronyism charges
Abraaj Capital Limited
Dubai slaps $2mn fine on KPMG over Abraaj audit, refers case to Financial Markets Tribunal
Both KPMG LLP and Navalkar denied the DFSA’s allegations and have applied for review of the decisions to the Financial Markets Tribunal (FMT)
Brand View
The four pillars of digitalisation in the public sector
Governments are treating data as a key asset in planning, delivering and predicting public services, believes Mohamad Majid, Partner at KPMG Lower Gulf
Autonomous Universities
‘With freedom comes accountability’: Review of Saudi’s new bylaw on autonomous universities
KPMG has constructed a framework to draw together some of the critical success factors in a university’s evolution and success toward building an autonomous higher education ecosystem
Blockchain
Crypto, blockchain to retain appeal in 2022; EMEA fintech investments rise to record $77 billion in 2021: report
Payments continued to attract the most funding among fintech sub-sectors, accounting for $51.7 billion in investment globally in 2021 – up from $29.1 billion in 2020
Aleph Hospitality
Gulf tourism rebound faster than expected amid Expo 2020 Dubai success, say experts
Senior hospitality execs come together in a virtual roundtable in Dubai to discuss what the future looks like for hotels in the region