With the introduction of In-country value program at UAE national level by Ministry of Industry and Advanced Technology (MOIAT), many entities have started adopting the ICV program as part of their strategic business plan and procurement process across different Emirates. The program takes into consideration local expenditure on manufacturing, local products and services, local investments, and the hiring and development of Emiratis. It aims to support the national industry and redirect expenditure on procuring goods and services into the national econom...
Join Our Email List 2021 is coming to an end and it means busy times ahead for us – to close the book of accounts and to timely complete the audits. During this process one of the focus areas is the application of the provisions and complying with the requirements of IFRS. Post pandemic, it becomes more challenging to assess the impact of the change that we have gone through. The various stakeholders are interested, more than ever, in knowing the future viability of an entity and hence the going concern assessment assumes highest significance for us while finalisi...
Dubai and the United Arab Emirates (UAE) stand as beacons of economic prosperity and growth, attracting entrepreneurs from around the world to establish their businesses in this dynamic region. The process of setting up a business in Dubai or the UAE involves several crucial steps, each demanding careful consideration and adherence to local regulations. In this comprehensive guide, we will walk you through the essential steps to ensure a smooth and successful business setup. Legal Structure and Business Type The first decision in setting up a business in Dubai or the UAE involv...
Financial auditing stands as a critical pillar in the world of business, providing a systematic and thorough examination of financial records and operations. In this article, we delve into the vital role of financial audits, exploring their foundational aspects, the process they entail, and the far-reaching impact they have on business operations and stakeholder trust. The Foundation of Financial Auditing Financial audits serve as a cornerstone in ensuring the integrity and transparency of financial information within businesses. Key participants in this process include auditor...
Dubai is an ideal location that acts as a base for several international companies. It offers the perfect environment for businesses to flourish. Do you know that Dubai is ranked high in the world as one of the easiest places to run a business smoothly by the World Bank? UAE welcomes entrepreneurs and corporations interested in starting a business in Dubai. The sound financial system along with political stability makes it the perfect location to jumpstart your business. It is no wonder many global corporations have their headquarters due to the easy funding, attractive corporate tax...
As the Information Technology (IT) sector continues to embrace remote work, the role of remote project managers becomes increasingly vital. This article explores the dynamic landscape of remote project management careers in IT, delving into the diverse responsibilities, essential skills, educational background, leveraging technology, team building, monitoring, professional development, challenges, case studies, and future trends that define successful careers in remote project management. Remote Project Management Roles in IT Remote project managers in the IT sector play a pivo...
What is Service Media? Explaining Service Media in Simple Terms: When you are a Business Founder and you are looking for Services and facilities to fulfil the objectives of your Business, be it revenue or market share, you are in the right place if you choose Service Media amidst the plethora of Service tools and Service strategies available online. Service Media facilitates Lead Generation and Services Delivery at the fraction of the cost involved in operating your sales process which includes converting your leads into potential customers. The term Service Media is a proprie...
Embarking on the journey of establishing a business is an exciting endeavor, but the efficiency of the setup process plays a pivotal role in determining the long-term success and sustainability of the venture. This guide explores key strategies that entrepreneurs can implement to ensure a streamlined and efficient business setup, setting the stage for growth and prosperity. Detailed Business Planning A Blueprint for Success Before diving into the intricacies of business setup, entrepreneurs should invest time and effort in detailed business planning. This involves condu...
In the dynamic landscape of business, achieving sustainable growth requires more than just ambition—it demands a strategic and comprehensive financial planning approach. This article delves into key strategies for fostering business growth, with a special focus on the transformative role that Magas Services plays in this journey. Assessing Current Financial Health with Magas Services Conducting a Thorough Financial Audit with Magas Services Magas Services specializes in conducting meticulous financial audits, analyzing balance sheets, income statements, and cash f...
