Dubai, United Arab Emirates, 25 November 2018: Accountancy professionals will be increasingly required to broaden their skill-set and take ownership of their personal development if they are to succeed in an ever-changing, dynamic world, states the Association of Chartered Certified Accountants (ACCA).
As found in a report launched by ACCA, Learning for the Future, the accountancy profession, like many other professions, faces several significant challenges from social and technological trends and developments. Digital innovations in finance and accounting can present both an opportunity for accountants to move up to more value-adding roles and responsibilities, but could also mean others are at risk of getting marginalised if they are not open to change.
ACCA brought together over 100 individuals to discuss the future of work and learning at an event supported by RAKBANK. Attendees heard from Deloitte Middle East on how the profession is evolving in the UAE; with a concluding presentation from BDO who highlighted the skills of the future.
Lindsay Degouve de Nuncques, Head of ACCA Middle East states:
“Many of the traditional perceptions of work are being challenged by evolving business models, giving way to more flexible and dynamic team based structures. Instead of developing staff in existing roles, many organisations are now embracing the gig-economy and ‘borrowing’ talent over a specific period of time to cover a certain phase in growth. Also, many societies are facing the reality of four generations in the work place and strategic organisational design needs to ensure all generations are able to work together and leverage each other’s strength and experiences.”
ACCA’s executive director, strategy and development – Alan Hatfield, says:
“ACCA sees the successful accountant of the future being one who realises the need to develop their skills on a continuous basis. They take full responsibility for their own development and accept no one will do this for them. While they need to be technically competent, they also need to have the softer skills required for the value added aspects of their role. As the pace of change progresses so we need to ever more refresh and build upon our skills to remain relevant.
‘It’s also vital for employers to maintain a culture that supports continuous learning in the workplace and recognise that employee development is a longer-term project. Effective mentoring and coaching from peers, colleagues and fellow professionals is also essential in that regard, which is why ACCA recently introduced its own online mentoring programme to facilitate those important connections across our global membership.
‘The learning and development community should endeavour to move away from being providers and rather become curators of learning content. Organisation-wide learning is probably a thing of the past and a one-size fits all approach can never effectively address the variety of needs. They must step in and provide guidance and support on how to achieve the most from the range of developmental programmes available.’
This report is based on surveys, roundtables and interviews with ACCA members and students and those from the learning and development communities, including employers and education providers. The event was attended by ACCA members, affiliates and students based in the UAE.
ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
ACCA supports its 208,000 members and 503,000 students in 179 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 104 offices and centres and more than 7,300 Approved Employers worldwide, who provide high standards of employee learning and development. Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.
ACCA has introduced major innovations to its flagship qualification to ensure its members and future members continue to be the most valued, up to date and sought-after accountancy professionals globally.
Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. More information is here: www.accaglobal.com
Dubai, United Arab Emirates, 25 November 2018,: Fine Solutions, the away-from-home division of Fine Hygienic Holding and the region’s largest paper tissue manufacturer, recently announced that its eCommerce website, finestore.com, has reopened with an improved design and layout and is ready to continue serving customers in the UAE. More accessible than ever, the new website is now available to consumers as well as businesses, bringing Fine’s high-quality products to more people than ever.
With a sleek and intuitive user-friendly design, the FineStore has enhanced its accessibility and greatly improved its overall user experience, making fulfilling your hygienic needs simpler than ever. Fine’s full range of hygienic products can now be ordered online with ease, and its specialized solutions can be requested for custom installation and maintenance at the client’s convenience.
FineStore allows the user to choose a category and directly browse over sixty different products within the range, while displaying the language and currency of their choice. The “shopping cart” feature allows the user to review the items they have selected, customize them if needed, and make an easy online purchase. The eCommerce approach lets the user interact with the market in a way that suits them, and FineStore guarantees the easiest and most convenient user experience on the market.
“The new FineStore is the embodiment of Fine Solutions’ vision to provide the widest range of specialized services and solutions to our customers, and the convenience and efficiency of this new site empowers us to do this better than ever before,” said Nedal Al-Zatari, Chief Fine Solutions. “We have worked hard to ensure that this website provides the best user experience in the industry, and we cannot wait to bring the same quality, convenience, and value to other markets in the region.”
This eCommerce platform will not be limited to the UAE market for long; Fine Solutions plans to expand FineStore access to all its customers in Saudi Arabia, Jordan, and Egypt before the end of 2018.
About Fine Solutions
Fine Solutions is the away-from-home division of Fine Hygienic Holding, providing businesses and institutions with the solutions they need to ensure a clean, hygienic work environment. Powered by a commitment to continuous innovation, Fine Solutions utilizes its superb resources, consistent operational excellence, and extensive experience to ensure its place as a regional leader in the hygiene industry.
Key leaders from business and government sectors will congregate to lay the blueprint for greater economic cooperation between the two countries.
Abu Dhabi, United Arab Emirates, November 25, 2018: The capital city of Abu Dhabi will host the second edition of Economic Times India-UAE Strategic Conclave on November 27, 2018 under the patronage and in the presence of His Excellency Sheikh Nahyan Bin Mabarak Al Nahyan, the UAE Minister of Tolerance.
The day-long Conclave will feature key discussion topics including ‘Fresh ideas for the strategic ties’, ‘Encouraging trade and long-term strategy for enhancing non-oil trade’ and ‘The India UAE Defence and Space Collaboration.’
The Conclave, to be held at Grand Hyatt Abu Dhabi, will have an exciting line-up of participating leadership which includes ministers, higher leaders from government organizations, mission offices, semi-government and commercial bodies, trade organisations, commerce, industry including businesses, investors, innovators, advisors and specialists.
The Conclave will identify new rewarding sectors in order to widen the scope of bilateral investments. Key business leaders and senior government officials will come together to lay the blueprint for greater economic cooperation between the two countries and explore the economic gains through boosting both the countries’ status as major trade hubs and key gateways to regional and international markets.
Commenting on the significance of the Conclave, Mr. Deepak Lamba, President, Times Strategic Solutions Limited, said, “We are glad to conduct the second edition of Economic Times India-UAE Strategic Conclave in Abu Dhabi this year. This will further enhance the insights from the inaugural edition by identifying key areas for more investment flows between the two nations. This conference will enhance the connection between the governments and business communities of both countries to forge new partnerships and explore the possibilities of deeper cooperation in sectors of mutual interest.”
“The Conclave happens at a time when both the countries are seeking to increase innovation and entrepreneurship in sectors of mutual interest. Since India and UAE are two of the world’s largest and fastest growing emerging markets, the Conclave will provide a platform to highlight investment potential in India and the UAE by creating awareness among investors about exciting opportunities,” he added.
HE Sheikh Nahayan Mabarak Al Nahayan, Cabinet Member and Minister of Tolerance, will deliver his keynote speech at the Conclave, which will be inaugurated by HE Navdeep Suri, Indian Ambassador to the UAE. The Conclave will also feature HE Abdulla Al Saleh, Under Secretary of Foreign Trade & Industry at the UAE Ministry of Economy, and HE Dr. Matar Al Neyadi, Undersecretary of the UAE Ministry of Energy.
The line-up of thought-leaders to be featured in the Conclave includes HE Dr. Eng. Mohammed Alahbabi, Director General of the UAE Space Agency; Sharafuddin Sharaf, Chairman - UIBC & Vice Chairman of Sharaf Group; Abdulla Alshehi - MD, Chief Consultant & Founder of National Advisor Bureau Limited; Ankur Singh - CEO & Vice-Chairman of Dana Group of Companies; Dr BR Shetty, Founder & Chairman - NMC Healthcare; Rajiv Agarwal, CEO & MD - Essar Ports; Cyrus Engineer, MD - SP International Property Developers; and Dilip Chenoy, Secretary General of FICCI.
Other senior leaders at the Conclave include Gautam Sashittal - CEO of Dubai Multi Commodities Centre (DMCC); Arvind Varchaswi, MD - Sri Sri Tattva, Saurabh Kochar, Co-Founder of Foodpanda; M.A Yussuf Ali, Chairman & MD - Lulu International Group; Capt. BVJK Sharma, JMD & CEO of JSW Infrastructure Ltd; Ulugbek Yuldashev, CEO & Founder of AWOK.com; Raza Siddiqui, CEO of Arabian Healthcare Group; and Sangita Reddy, Executive Director of Apollo Hospitals Group in India.
The Conclave will also unveil two Coffee Table Books titled ‘The Economic Times Best Lifestyle Brands’ and ‘ET Best Realty Brands’.
The inaugural edition of ET India-UAE Strategic Conclave laid the foundation of a very important platform for bilateral trade discussions between the two regional powerhouses and the second edition will take stock of the developments during the past year and deliberate on the future of this very important relationship.
About ET Edge
Times Strategic Solutions Ltd., functional under the brand name ET Edge, is an Economic Times initiative founded to empower multiple industries and segments by sharing critical business knowledge through strategic conferences and summits. Encompassing the Indian business vista, ET Edge strives to bring together visionaries and key leaders on its knowledge platforms to create social and business ecology conducive to the positive changes required by the industry. The main aim of this initiative is to channel global business intelligence through summits and conferences in overarching lectures, hands-on workshops, panels, roundtables and case studies.
Senior industry experts will come together to discuss game changing trends in the pharmaceutical industry and the implications for Morocco
Dubai, United Arab Emirates, 26 November 2018: Frost & Sullivan has co-organised with AMIP (Moroccan Pharmaceutical Industry Association) to host its very first Healthcare Meeting on December 4, 2018 at the Hyatt Regency Hotel, Casablanca, Morocco.
2018 will be a tipping point for mainstream adoption of popular digital health tech/solutions and the transition of noble technologies from research/proof-of-concept to actionable healthcare and clinical applications. Envisaging huge growth opportunities, Frost & Sullivan will host the meeting and discuss the global trends and the growth opportunities in the healthcare and life sciences sector.
At the start of every year, Frost & Sullivan’s Transformational Health team brainstorms top predictions in the healthcare space. Despite on-going political uncertainties and rising cost pressures, the global healthcare industry will register a stable growth rate in 2018 and will cross the $1.85 trillion mark in terms of manufacturer revenues. Digital health investments crossed $6.5 billion in 2017, up to 109% from the previous year. This growth curve is expected to continue in 2018 as technologies and platform solutions that promote innovation around care quality, outcomes, and chronic disease management will continue to rise. High growth opportunities in emerging markets will change the paradigms of product development and geographic rollouts.
The Frost & Sullivan Healthcare and Life Sciences experts are predicting big disruptions, transformations and innovations in the coming years as the healthcare industry continues to overhaul outmoded business models.
“Our interactive workshop is designed to help managers and CEOs understand key issues affecting the healthcare industry globally,” noted Sandeep Sinha, Vice President & Head, Healthcare and Life Sciences, Frost & Sullivan. “Advances in areas ranging from cancer immunotherapy products to blood testing, as well as the convergence of cutting-edge technology such as artificial intelligence and blockchain will help shape the healthcare industry into a much-anticipated, value-based care paradigm.”
Attend the Frost & Sullivan Healthcare meeting to get updated on the most recent trends and future opportunities in the Healthcare domain, exchange your ideas with industry peers, engage in discussions with Frost & Sullivan healthcare experts, and more. If you are interested in attending the event, click here to register.
About Frost & Sullivan:
For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion
GCC Operators Set for Commercial 5G Launches in 2019; Supportive Regulatory Environment and Availability of Spectrum Key to Driving 5G Adoption Across Region
DUBAI, United Arab Emirates-- The Gulf Cooperation Council (GCC) Arab States1 are set to be global leaders in the deployment of 5G networks, with all six markets expected to launch 5G mobile services in the next two years, according to two new reports released today at Mobile 360 Series – MENA. The reports from GSMA Intelligence – ‘The Mobile Economy: Middle East and North Africa 20182’ and ‘5G in MENA: GCC operators set for global leadership’ – highlight that pioneering mobile operators in the GCC Arab States are expected to launch 5G networks commercially from 2019, driving innovative new services across the region and spurring future growth. By 2025, 5G will account for 16 per cent of total connections in these markets.
“Backed by proactive government support, mobile operators, particularly in the GCC Arab States, have been quick to establish the foundations for global leadership in the deployment of 5G technology, moving rapidly from trials to early commercialization,” said John Giusti, Chief Regulatory Officer, GSMA. “While we are encouraged by their progress to date, it is imperative that the region’s governments create a regulatory environment that allows 5G to flourish, including releasing sufficient spectrum, so that businesses and citizens can fully enjoy the innovative new services that 5G will deliver, as well as the resulting socio-economic benefits.”
Policy Central to Realising 5G Digital Future
The reports encourage policymakers to establish spectrum roadmaps that commit to releasing sufficient quantities of spectrum across all frequency ranges to enable operators to meet coverage and capacity. They further note that governments should implement taxation policies that could improve affordability and boost digital inclusion, and adopt an approach to licence renewals that enables operators to make long-term investment decisions rather than maximising government revenue.
A Region of Rapid Subscriber Growth, Increased Smartphone Adoption
There are currently 381 million unique mobile subscribers (Q2 2018) across the MENA region, accounting for 64 per cent of the population.3 However, it is a diverse region in terms of market maturity, encompassing the advanced GCC Arab States, where 77 per cent of the population on average are mobile subscribers, alongside other North African countries such as Comoros, Djibouti and Somalia, where subscriber penetration is below 30 per cent.4 Between 2017 and 2025, the MENA region as a whole will see the fastest subscriber growth rate of any region except Sub-Saharan Africa, growing to reach 459 million or 69 per cent of the population.
The number of smartphone connections across MENA stands at 332 million as of Q2 2018, accounting for just over 50 per cent of total connections in the region. This is expected to continue growing at an average annual rate of 8 per cent to reach 587 million smartphone connections by 2025, or just under three-quarters of total connections across the MENA region. The UAE remains a global leader in terms of smartphone adoption, second only to Singapore, with smartphones accounting for 85 per cent of total connections. High mobile broadband usage and smartphone adoption has also resulted in more people across the region using data services such as IP messaging and using their mobile phones to watch online video.
Immersive Digital Entertainment Presents Revenue Opportunities in the Early 5G Era
The reports highlight how operators will offer enhanced mobile broadband services in early 5G deployments, while applications and services for enterprises will be introduced later. There will be significant opportunities for operators across new consumer-oriented services such as immersive reality, eSports and enhanced in-venue digital entertainment at stadiums and music venues, for example. Further, video consumption on mobile devices will evolve to include newer augmented reality and virtual reality applications that will make content even more immersive and data intensive.
Mobile Contributing to Jobs and Economic Growth
In 2017, the mobile industry contributed approximately $165 billion to the MENA region’s economy, equivalent to 4 per cent of GDP. This contribution is expected to increase to over $200 billion by 2022 as countries in the region benefit from improvements in productivity and efficiency brought about by increased take-up of mobile services. The mobile ecosystem also supported more than 1 million jobs in 2017, which includes workers directly employed in the ecosystem and jobs indirectly supported by the economic activity generated by the sector. Further, the mobile industry made a substantial contribution to the funding of the public sector, with more than $17 billion raised in 2017 in the form of general taxation.
A Citywide Activation Organised by Arab Fashion Week and JollyTrust
The Seventh Edition of Arab Fashion Week returns to Dubai from 21st- 28th November 2018, headlining the new platform co-organised by Arab Fashion Week and JollyTrust, Dubai Fashion Days by Hala China, a joint initiative by Meraas and Dubai Holding.
DUBAI, United Arab Emirates-- Hala China, a joint initiative between Meraas and Dubai Holding, presents Dubai Fashion Days, a citywide fashion festival, co-organised by Arab Fashion Week and JollyTrust. The eight-day celebration of fashion-centric programming seeks to showcase the most exciting design talents from the Middle East, China and the rest of the world, affirming Dubai’s position as both an economic and creative hub for International fashion.
Dubai Fashion Days will transform Dubai’s fashion scene into a citywide activation at key destinations including City Walk and Dubai Design District (d3) and is supported by the Dubai Design and Fashion Council.
This pioneering cultural initiative sees the most powerful and influential fashion and development institutions of Dubai joining forces, to stage an innovative programme of fashion shows, retail pop-ups, industry talks and exhibitions, that is expected to attract more than 20,000 visitors.
Sheikh Majid Al Mualla, Chairman of Hala China, said: “The inaugural edition of Dubai Fashion Days at City Walk and d3 aligns with Hala China’s strategy to develop ongoing events and explore opportunities in trade, tourism and investment that can mutually benefit our economies. We have worked diligently to bring together industry experts and stakeholders to create an event that aims to positively impact the fashion world. With a strong offline and online presence, we are confident that Dubai Fashion Days will enable Chinese brands to explore the Dubai market and provide them with international exposure. The event will also establish links between UAE-based designers and the Chinese fashion industry.”
Headlining Dubai Fashion Days is the 7th edition of Arab Fashion Week which will take place at City Walk and d3, featuring runway shows from over 30 international and regional UAE designers including; AMATO COUTURE (UAE), ASMARIIA (RUSSIA), BLSSED (UAE), BAV TAILOR (UK), DIANA MAHRACH COUTURE (USA), DANIELLE BENICIO (BRAZIL), DKLTJU (CHINA), HKFG DUBAI CAR|2IE (HONG KONG), HKFG DUBAI MODEMENT (HONG KONG), HUANG JIA PRODUCTION (CHINA), HUMARIFF (RUSSIA), ILSE JARA (PARAGUAY), JOLLYCHIC (CHINA), JUDY & JULIA (CHINA), LA CAVA (CHINA), MICHAEL CINCO (UAE), MOLLY (CHINA), NINA ZANDIA (UAE), OLD TIMES (CHINA), PEARLA COLLECTION (UAE), SHEIN (CHINA), SOPHIA NUBES (SWITZERLAND), SORAYA B COUTURE (UAE), THISNORTHAT (CHINA), TONY MIRANDA (PORTUGAL), VERRAGEE (CHINA), VRO PARDO (PARAGUAY), WTC (CHINA), XIN IS LU (CHINA), XUNRUO (CHINA),YARA BINT SHAKAR (UAE), YOUPPIE! (CHINA), AND YI DAI MEI (CHINA).
In a first for any International Fashion week, collections shown on the runway will be available immediately for sale on the official e-commerce platforms of exclusive online retail partners JollyChic and MarkaVIP, transforming the runway shows into a practical see-now-buy-now revolutionary customer experience.
Jacob Abrian, Founder and Chief Executive of the Arab Fashion Council commented: “Arab Fashion Week is delighted to co-organise this powerful new initiative together with JollyTrust, in partnership with Hala China. The sum of our collective expertise will propel Dubai into new heights on the International Fashion Week Calendar, by providing designers participating in Arab Fashion Week with the unprecedented opportunity to sell their collections from the runway directly to the consumer.”
“Fashion is an expression of culture and a way to seek resonance. It is also an exploration of the future,” commented David Ding, Co-founder and Executive President of Jollychic, the strategic partner of Dubai Fashion Days and leading mobile e-commerce platform in the Middle East. “Emerging designers in China and the Arab world are becoming increasingly influential. Their voices are being heard and ambitions understood. We are very glad to support them on this journey as they seek to gain visibility on the international fashion stage and shape the future of our industry.”
For the first time, Jollychic will present and live stream their closing show at Arab Fashion Week, via their app, so that those unable to attend the show can still feel immersed in the excitement and can purchase directly from the catwalk.
“We aim to provide a seamless user experience to our clients. We are honored to work with all our partners to make Arab Fashion Week and Dubai Fashion Days a world-class event infused with creativity and technology, leveraging our position as a leading e-commerce platform to close the distance between couture, catwalk and consumer,” said Ding.
Aligned to Dubai Fashion Days, ‘China’s Textile Exhibition’ to be held at d3 will present 20 exhibitors from China, connecting Dubai-based designers with fabric suppliers and manufacturing facilities. It will also provide an ideal platform for designers from the two countries to network and exchange experiences and best practices through a series of talks and workshops led by industry experts.
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Abu Dhabi, United Arab Emirates, November 19, 2018:-- Held under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Lt. General HH Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, officially launched the inaugural edition of the Interfaith Alliance for Safer Communities: Child Dignity in the Digital World Forum.
The two-day assembly is hosted by the UAE on November 19-20 in recognition of the country’s leading role in promoting tolerance and interfaith dialogue.
In his speech at the opening ceremony, His Highness Sheikh Saif said: “We are gathered here today under the umbrella of peace, coexistence and tolerance; an approach that was inspired by the ideology, legacy and directives of the late Sheikh Zayed and the teachings of Islam. This approach is also supported by the UAE’s wise leaders, along with nations and people from around the world, who join efforts to consolidate these morals and uphold the values of justice tolerance and love.”
Sheikh Saif noted that the United Arab Emirates has endeavored to strengthen its cultural and religious partnerships to promote positivity, empathy and kindness for the service of humanity.
The opening ceremony also featured a keynote by Fatima Al Kaabi, known as the country's “youngest inventor” and the voice of children and childhood. Al Kaabi called upon religious communities, scholars and clergy to support and protect innocent and over trusting children from the dangers of the online world.
The Forum’s first day saw a number of high-profile panel discussions pertaining to the risks faced by children in the digital world, as well as the implications of online harassment and sexual abuse on children. Special sessions tackled the role of policymakers in protecting children against digital violence and abuse and the role of religious associations in this regard.
The forum brings together 450 guests including religious leaders, NGOs and heads of industry to discuss ongoing social challenges and develop comprehensive solutions for protecting youth from cybercrime.
The Interfaith Alliance for Safer Communities Forum is an expansion of the Child Dignity in the Digital World Congress which was held in October 2017 in the Vatican and resulted in the “Rome Declaration” endorsed by Pope Francis. During the congress, the UAE was identified for its reputation for tolerance, and was consulted with to host an international forum to highlight its commitment to developing interfaith dialogue. These efforts resulted in the formation of the Interfaith Alliance for Safer Communities which will have its first event addressing the issue of child dignity online.
The forum is supported by Al Azhar, and is held in partnership with a number of global entities and organizations including Unicef, The Child Dignity Alliance, Arigatou International, The Global Network of Religions for Children, End Violence Against Children, Religions for Peace International, WePROTECT Global Alliance, The Center for Child Protection of the Pontifical Gregorian University, Al Azhar University, World Vision International, Shanti Ashram and International Justice Mission.