Wednesday 24 January 2018
 
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ICAEW

GCC finance sector must embrace AI: ICAEW

Artificial Intelligence (AI) is radically transforming the accountancy profession and the industry needs to accept this fact and work out how to harness this technology in order to stay relevant, said accountancy and finance body ICAEW.

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GCC’s GDP to accelerate to 2.8pc next year: ICAEW

The GDP of the GCC is expected to grow from just 0.3 per cent in 2017 to 2.8 per cent next year, while the same in the wider Middle East will accelerate from 1.4 per cent in 2017 to 3.2 per cent next year, a report said. Several e

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Oil sector could offset GCC non-oil growth: report

An anticipated non-oil sector growth of 2.6 per cent across the GCC in 2017 will be offset by a further three per cent contraction in the oil-producing sectors, said a report. The acceleration of global trade in the first half of

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Accountancy profession ‘must prepare for AI’

Artificial Intelligence (AI) will transform accountancy and the profession needs to needs to accept that machines will take over more and more decision-making tasks from humans, and work out how to harness this, a report said. Whi

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Raising funds for start-ups ‘still a challenge’

Raising funds in the Middle East remains challenging despite the great start-up ideas and the myriad opportunities that the region has to offer investors, according to accountancy and finance body ICAEW. This was the consensus dur

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Bahrain’s economic growth ‘to stay firm’

Bahrain’s GDP growth should hold up this year staying unchanged from 2.9 per cent last year, thanks to GCC support and higher oil production, our sister publication the Gulf Daily News quoted an ICAEW report as saying.

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Access to finance ‘critical to GCC economies’

As lower oil prices affect the role played by governments as direct and indirect drivers of GCC business investment, ensuring companies’ access to finance is becoming critical, according to a new ICAEW report. This requires

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Access to finance ‘critical to GCC economies’

As lower oil prices affect the role played by governments as direct and indirect drivers of GCC business investment, ensuring companies’ access to finance is becoming critical, according to a new ICAEW report. This requires

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GCC states 'need structural economic reform'

GCC countries must create a new economic paradigm focussed on greater private sector participation and retention of human capital, to successfully end reliance on oil, a key meeting of experts felt. The GCC countries need both rev

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Accountancy ‘must keep pace with digital tech’

The digitisation of the economy raises risks of marginalisation and irrelevance if the accounting profession fails to adapt digital technologies, a report has cautioned. Technology presents opportunities and risks to the future of

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