Category Archives: Article in Gulf News

Enterprises go bust, unscrupulous management or large shareholders perpetrate frauds and managements embezzle, all the time. All this goes on around the world, even in jurisdictions where a high level of disclosure required, corporate governance mandated, whistleblower policies exist, corporate taxes (therefore filings) levied, credit bureaux are pervasive and so on and so forth. Disclosure […]

International Financial Reporting Standards (IFRS) are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB) to create a global framework for the preparation of financial statements of corporate entities. IFRS 9 has drastically altered how entities treat their assets, liabilities and profit & loss items. Banks and therefore borrowers will […]

In these trying times of stiff economic headwinds, falling demand, paucity of credit, a liquidity crunch in the market, high fixed costs etc., companies are faced with serious questions about finance and investment some immediate ones being: What is the lending scenario likely to be over the next few years? Given bank consolidation and the […]

Tougher norms require banks to immediately make it known in their books…

Mounting delays are clogging up all avenues to instant and vital funds…

All about IBPC’s Banking, Financial Services & Insurance focus group…

Discussions with bankers, businessmen, professionals reveal a pervasive sense of confusion as to what to make of the UAE economy and where it is headed. This leads to the question permanently on everyone’s lips: When will the economy rebound?

The way the European Commission was taken to task by EU states attests to that…

Discussions with bankers, businessmen, professionals reveal a pervasive sense of confusion as to what to make of the UAE economy now and where it is headed. This leads to the question permanently on everyone’s lips – When will the economy rebound? Unfortunately, this is the wrong question. That economic headwinds are being faced is the […]

Much has been written about the unreliability of financial statements of firms in the UAE, audited or otherwise…