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Importance of Cash Flows for businesses during the Pandemic

Importance of Cash Flows for businesses during the Pandemic For the foreseeable future, it is visible that we will have a tough time as the pandemic will not end any time soon. Therefore, it is important for businesses to understand the importance of their cash flows. Entering the third month of this pandemic, we can[...]
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TESS Liquidity Scheme benefits 26 Banks: Central Bank at UAE

TESS Liquidity Scheme benefits 26 Banks: Central Bank at UAE According to surveys, more than 140,000 customers have benefitted from the Liquidity facilities. As an aftermath of the COVID-19 pandemic, more than 26 Banks have benefited from the TESS (Targeted Economic Support Scheme) facility. In the sixth meeting of the Central Bank of the UAE[...]
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What are you Loosing by NOT Hiring Auditors in UAE?

What are you Loosing by NOT Hiring Auditors? Auditing refers to the objective and independent evaluation of an organization. Its primary purpose is to provide opinion on the truthness and fairness of the financial statements of an organization. Companies usually seek audit services to comply with external regulation and/or to improve existing controls and processes. An audit[...]
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Types of Audit Engagements in the UAE

What is an Audit? Audit is an evaluation of organization’s systems, processes, controls, and of course accounting records. It can be conducted internally or by external audit firms. Auditing is also governed by International Standards on Auditing (ISA), International Accounting Standards (IAS), and International Financial Reporting Standards (IFRS). Other essential characteristics of an audit are[...]
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UAE Businesses Should Focus on Catching up With International Economic Practices

UAE Businesses Should Focus on Catching up With International Economic Practices UAE business practices differ slightly from International economic standards. While this hasn’t been a problem for UAE on a domestic level, they have begun facing challenges on the international stage. The UAE is expected to catch up with Economic Substance Regulations as soon as[...]
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Dubai’s Property Prices Won’t Be Rising Anytime Soon

Dubai’s Property Prices Won’t Be Rising Anytime Soon According to the experts, we should not expect the real estate market to stabilize any time soon. Thanks to the pandemic and its effects, the economic volatility has affected the real estate market as well. While things are expected to remain slow for now, this isn’t bad[...]
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ADAFSA Issues Food Safety Guidelines

ADAFSA Issues Food Safety Guidelines The government authorities in Abu Dhabi have issued a list of guidelines on preparing, packaging, handling, and delivering food safely in the city amidst the outbreak of the novel coronavirus (Covid-19). In order to enhance awareness among businesses and general public regarding best food safety practices, the Abu Dhabi Agriculture[...]
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Work Life Balance in the UAE – Does it Matter?

Work-Life Balance in the UAE – Does it Matter? It matters irrespective of whichever country you are living in. Striking a perfect balance between work and life is a difficult challenge to pull off even in the best of times, but it is all more daunting during these times of uncertainty and economic stagnation that[...]
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