The global economic crisis has placed greater importance on the need for strong corporate governance, internal auditing and risk management procedures. Corporate governance is a key factor in sustaining economic growth, and as conditions change, so too must risk management priorities. Thus, internal auditors should consider, firstly, whether...
Between the banking centres of Europe and East Asia lies a region of 42 countries, with a population of 2.2bn and a GDP of $2.5trn. This vast swathe of land, stretching from the western tip of North Africa to the eastern edge of South Asia, has until recently been without a major financial centre. Meanwhile, economic growth across the area,...
Presenting more of a conundrum than a problem, Dubai is climbing up the league of the world’s busiest international airports. It entered 2014 smaller than only London Heathrow Airport and with ample ideas of what to do on the inevitable day when it finally takes over the top spot. In 2001 Dubai International was ranked 99th in the world, and 13...
The federal government of the UAE has not promulgated any tax laws. Most of the individual emirates have issued corporate tax decrees, but, in practice, taxes are only imposed on oil- and gas-producing companies at rates set forth in their government concession agreements, and on branches of foreign banks at rates set out in specific tax decrees...
What impact has the global financial crisis had on the RTA’s public-private-partnership (PPP) framework? Has it affected the availability of financing?
Added to the goals of hosting the world’s busiest airport and potentially the world’s biggest airline at some point, Dubai chalked up another record with its 13th air show in November 2013. Emphasising the growing dominance of Middle East airlines in global aviation, the big three aircraft manufacturers – Boeing, Airbus and Bombardier – came to...
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