Accounting future looks positive in UAE

ABU DHABI, UNITED ARAB EMIRATES - NOVEMBER 25:...

SHARJAH

The future of accounting profession looks very positive in the UAE and the Middle East, according to industry experts.

The profession is quite important across the world and it will continue to grow in the country and GCC as well, they said at an accounting and auditing event held in Sharjah on Saturday.

Organised by the UAE-based ‘OpenThinking’, it was an open forum of accounting and auditing ethics from basic management to business process improvements and intricate decision-making policies.

The big picture is that the future of accounting profession should be very positive as all of the regional economies experiencing growth, Association of Chartered Certified Accountants (ACCA) Middle East head Stuart Dunlop told Khaleej Times on the sidelines of the event.

“We need to see Gulf nationals coming into the profession,” Dunlop said. “We live in Arab world, so we need to see more boys and girls in this profession from this part of the world,” he added.

via Business – Accounting future looks positive in UAE: Experts.

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Indian IT companies will flock to Hamriya Free Zone

The interior of a building in the Technopark, ...

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More Indian IT companies are flocking to the UAE to capture a share of the mobile applications and related IT services  currently booming in the region.

Speaking to Emirates 24/7, Dr Rasheed Al Leem, director general of Sharjah Sea Port, Customs and Hamriya Free Zone, said he expects more Indian IT companies to flock to the UAE as a follow up of a memorandum of understanding signed between the Hamriya Free Zone and Technopark, Thiruvananthapuram, Kerala. “Currently, there are 5,500 companies from 137 countries operating in the Hamriya Free Zone and 1,448 companies are from India.”

Neologix Software Solutions of India has launched their Middle East operations, the first offspring of the Hamriya Free Zone-Technopark  partnership. A memorandum of understanding between the two entities was signed recently for IT cooperation. “India is the second biggest investment destination for the UAE and as per recent announcements, the UAE will be investing several billion dirhams in India.”

via ‘Indian IT companies will flock to Hamriya Free Zone’ – Emirates 24/7