Thursday 11 February 2016
 
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EY

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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Financial crime compliance seen rising in Mena

A majority of Mena business leaders and senior compliance specialists expect to spend significantly more on sanctions and financial crime compliance over the next 12 to 18 months with increasing financial crime risks across the region.

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Sanctions, illicit finance focus at EY event in Dubai

EY, a multinational professional services firm, recently hosted a symposium on sanctions and financial crime compliance in Dubai, UAE with attendance from 275 C-Suite executives from more than 100 companies. Prominent speakers at

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At $397bn, GCC pension funds meagre says report

Across the GCC, public pension funds amount to $397 billion, representing nearly a quarter of the gross domestic product (GDP) and $15,000 per national, accoridng to a recent report.   EY’s GCC Wealth and A

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At $397bn, GCC pension funds meagre says report

Across the GCC, public pension funds amount to $397 billion, representing nearly a quarter of the gross domestic product (GDP) and $15,000 per national, accoridng to a recent report.   EY’s GCC Wealth and A

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EY acquires Seren to meet demand in Mena

EY, a leader in assurance, tax, transaction and advisory services, has acquired Seren, an international digital consultancy based in the UK with a significant footprint in the Middle East and North Africa (Mena) region.  &nbs

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