VAT: Preparing for the new tax regime

Following the historic decision by GCC member states to adopt value added tax (VAT) on January 1st 2018, regional businesses are scrambling to determine exactly what the tax will mean for them. For regional CFOs, the introduction of VAT within the GCC marks the beginning of a new era in financial reporting, and therefore a…

What’s next for the Indian Rupee?

By Himanshu Khandelwal, Investment Director – Asas Capital, DIFC. India’s strong macro fundamentals meant a relatively stable rupee in 2015 though this year the tables turned as the worst performing currencies turned out to be the best performers. India benefitted from a confluence of factors from lower crude oil prices, easy global liquidity due to…

Brexit, the GCC and money making ideas

By Matein Khalid, Executive Director, Asas Captial, DIFC Brexit has had a traumatic impact on the GCC economies and financial markets. GCC investment banks and high net worth investors have lost several billion dollars in foreign exchange losses on investments in UK real estate, a favourite asset class for the region since the OPEC petrocurrency…

Seven defining features of the new CFO

Today’s CFO is required to operate effectively in the “Uber economy” – an environment where value creation is knowledge-based, and “sharing is caring” has transcended its nursery-rhyme origins to become the cornerstone of a new form of finance. The New CFO needs to be a performer, a salesperson, a diplomat, and an early adopter of…

This is the time to be spending more, not cutting back

By Dr. Sabah al-Binali, Chief Investment Officer; CEO – Credit and Advisor to the Chairman, SHUAA Capital; Contributor, The National Brexit drove me to review the European Union and see if there are lessons to be learnt, especially in light of the economic challenges some of the member states have faced. The conclusion I have…