As authorities sprang into action to drain waterlogging, tenants and homeowners had to navigate the aftermath of nature's unpredictability
Developing professional enhancement
The Abu Dhabi Chapter of the Institute of Chartered Accountants of India (ICAI) has been a key player in the growth and development of the profession in Abu Dhabi since its inception in October 1984. Since January 2020, the Chapter has undertaken 20 professional events with 45+ hours of knowledge sharing and 11 social events. The Chapter also collaborated with other GCC Chapters and had done two events together.
Initiatives for betterment of CAs and students
The Chapter does placement drives where members were connected with companies in the UAE to explore advancement in their career, liaising with the Ministry of Education to see how members and CA students can become a partner with them in the field of education. The Chapter has also liaised with National Qualification Authority, Abu Dhabi getting the ICAI Qualification benchmarked through UK NARIC. ICAI Abu Dhabi Chapter has also been with CA students with coaching classes, model exams, scholarships, accommodating exam centre, article assistance, etc.
Challenges for organisations while transforming finance functions
Convincing the management to spend money for the full-fledged digital and analytics.
Organisational redesign involving transition in the culture of the working environment being huge, posed an issue in adapting to the new and different culture. Lack of information on how companies can define the scope and objectives of their Finance Transformation is added up with the constraints in skilled people to perform robust analysis.
VAT reshaping the economic landscape of the Middle East
Tax reform is gradually reshaping the Middle East's business landscape. Companies have started maintaining proper financial records and structured their systems for easy reporting. Tax revenue of the Government has widened, and it helped to lessen dependence on oil revenue.
As authorities sprang into action to drain waterlogging, tenants and homeowners had to navigate the aftermath of nature's unpredictability
The 51-year-old recently competed in the Masters Indoor World Cup — his 10th international tournament since undergoing surgery
Met Department advised people to take precautions during strong convective cloud activity associated with rainfall over Eastern and Northern areas
Earlier, interest-free loans were announced for Emiratis whose businesses were affected by the rains, with a grace period of 6 to 12 months
Following a $3 per barrel average global price increase in March, petrol prices for April increased by 12 fils per litre in the UAE
Annual rents in Dubai are usually paid in two, four or six instalments via post-dated cheques
NCM official says May 2-3 is identified as the ‘peak’ of the situation