Investment into smart technology, particularly energy efficient solutions to industrial problems, have become a top priority in bringing forth the prospects of Vision 2030 in the KSA. With a view to bringing more to the kingdom, whilst making changes to ensure better prospects to existing industries, identifying the right technology on which to capitalise is…
The global focus on investing in cleantech approaches to energy, and in turn diverging away from oil and gas, has not been lost on GCC territories with deep roots in traditional industry and infrastructure, such as Saudi Arabia. While there has indeed been a global boom in the number of sites in which sources such…
By: Jan Bart Schober and Lucia Sahin, tax advisors, Loyens & Loeff The pricing of services and goods between affiliated entities (transfer pricing) has a huge impact on the worldwide tax bill of multinational enterprises (MNEs). A typical example to reduce the effective global tax liability, is the payment of royalties, interest or other charges…
The oil price crash has had long-lasting and in some cases severe effects on GCC economies, with consequences ranging from reduced public spending to shelved development plans. In the private sector, it has all too often manifested in dwindling profit margins, forcing businesses to take the difficult decision to downsize their staff. According to Nuno…
When oil prices went into freefall in the winter of 2015, bringing a dramatic end to 18 months of gradual depreciation, few could have predicted the full impact it would have on economies around the GCC. Initial optimism saw governments around the region predicting an initial 6-month readjustment period before oil prices returned to higher…
By Jan Bart Schober, Partner, Loyens & Loeff It’s 2016; at least, according to the Gregorian calendar. Recently, the Islamic world celebrated Al Hijra, the Islamic New Year. According to the Islamic calendar, it is the year 1437. If you are a CFO of a multinational enterprise (MNE), however, it is the year 1984. 1984…
Accountants and credit controllers are on the frontline of ensuring an organisation’s financial health. This involves a number of key processes, including cost accounting. It is vital in today’s economy for accountants to be familiar with both cost reduction and cost control – two similar but significantly different ways to monitor and modify organisational costs.…
With a recent cost survey by Deloitte showing that 88 percent of companies will be pursuing cost-reduction measures over the next 24 months, effective cost strategies have never been in greater demand. As part of Naseba’s ongoing effort to meet this demand, we’ve researched and summarised 10 key strategies to help your organisation cut costs…
The concept of organisational cost reduction has been at the top of corporate agendas ever since the global financial crisis of 2008-2009. In the immediate aftermath of the global recession, organisational cost reduction emerged as not only a necessity, but also a field that provided ample scope for innovation. For a long time, the question…
Dawn Metcalfe is the Managing Director of Performance Development Services (PDS). PDS helps individuals, teams and organizations to change behavior and improve performance be it through 1:1 Executive Coaching or delivering Leadership and Management Development Programs. She has extensive experience of working with different cultures having lived and worked in the UK, France, Spain,…