Saturday 10 December 2016
 
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ICAEW

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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GCC 'better-placed to withstand global uncertainties'

Despite global economic uncertainties,  prompted by lower oil prices, rising US interest rates and the Chinese slowdown, GCC countries are better-placed than many parts of the world to withstand the problems. They can expect

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Bahrain GDP growth to hit 2.8pc

Bahrain’s gross domestic product (GDP) growth next year is expected to be 2.8 per cent, according to an expert at Institute of Chartered Accountants in England and Wales (ICAEW). ICAEW economic adviser and Centre for Economics and Busine

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Lifting Iran’s sanctions ‘will boost GCC economies’

Lifting of Iran sanctions in the future will significantly boost its economy and positively affect the neighbouring GCC economies, especially the UAE, due to its solid trading infrastructure, according to experts. ICAEW members an

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Bahrain ‘must step up diversification efforts’

While Bahrain has taken promising measures to diversify its economy, the continued oil price slump means more work will need to be done in order for the Kingdom to achieve fiscal, environmental and resource sustainability, a report said.

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