Monday 30 May 2016
 
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EY

Mena M&A market rising despite low oil prices

Low oil price is having little impact on M&A strategy as Mena executives continue their steadfast pursuit of deal-making, according to the latest edition of the EY Capital Confidence Barometer (CCB).  Of the Mena executiv

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Low recognition of cybercrime risk in ME: report

Only 29 per cent of executives in the Middle East recognize cybercrime risk, compared to 47 per cent globally, according to the latest Global Fraud Survey, Corporate misconduct – individual consequences published by EY, a global leader in

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Abu Dhabi platform to back STEM education

Citizen Science, a digital platform that aims to encourage passion for science among our youth and create a pipeline of millions of scientists and innovators for the future was unveiled at an event in Abu Dhabi, UAE today (April 28).

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EY signs up Forte to boost Mena advisory team

EY Mena, a leader in assurance, tax, transaction and advisory services, has signed up the team from Forte Consultancy, a privately-owned independent management consultancy that specialises in customer management and analytics, to join EY&rsquo

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Mena hospitality markets report weak 2015 performance

Hospitality markets across Mena witnessed a less than ideal performance in 2015 compared to 2014. While occupancy rates increased across some markets, revenue per available room (RevPAR) across most markets was lower compared to 2014, said a rep

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Cyber breaches driving investment in FDA

Cyber breaches and insider threats, including malicious insiders stealing, manipulating or destroying data, are the fastest-growing risks and are driving investment in Forensic Data Analytics (FDA), a report said. Sixty-nine perce

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Global Islamic banking assets to top $920bn

Global Islamic banking assets with commercial banks are set to exceed $920 billion in 2015, a report said, noting that the sector continues to see strong growth with a compounded annual growth rate of about 16 per cent. Meanwhile,

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Mena M&A activity declines 13pc in Q3

Announced merger and acquisition (M&A) activity in the Mena region decreased by 13 per cent from 104 deals in the third quarter (Q3) of 2014 to 91 deals in Q3 2015, a report said. Deal value also declined from $8.5 billion in

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Big majority in GCC ‘prefer digital banking’

Three out of four GCC customers would be ready to switch bank for a better digital experience and up to 64 per cent would feel comfortable switching to a digital-first bank, with less reliance on branch network, a report said. Sma

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GCC in bid to broaden taxable basis for foreign firms

To increase the scope of income tax laws, GCC countries are pursuing tax determinations with significantly broader interpretations of activities or actions that constitute doing business in-country, according to experts. New conce

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