A Quarterly Newsletter from the UAE and Oman member firms of the PKF International Ltd.

VOL 16, Issue 1 January 2014

From the Managing Partner - U.A.E.

Congratulations to the UAE, and Dubai in particular, for their success in winning the bid to host the 2020 Expo! There appear to be a lot of expectations for economic growth over the next few years and probably, quite rightly so. Once the celebrations abate, minds will be turning to what needs to be done and tender requests going out. A busy time for many I am sure.

There was a real “buzz” at the PKF International Partners’ Symposium held in Dubai in October. There were some 170 delegates, possibly the largest to date reflecting the importance and attraction of Dubai. A diverse range of topics was covered, including wealth management, capital markets, real estate and various other technical sessions. It was a great opportunity (and one which we took) to showcase Dubai and the UAE as THE place to do business.

Recently we saw the continuation of the UAE’s increased focus on the welfare of all with the roll out of the decision for all residents to have healthcare insurance. The increased competition will no doubt result in more innovative packages being made available.

In this issue we interview Mr. Abdulla Al Shamsi.

We also have our usual updates on IFRS, and from Oman and the offshore world. Please feel free to write to update@pkfuae.com if you would like to express an opinion on any matter inside.

Season’s Greetings to all our clients, contacts, colleagues and friends and Happy New Year, may this year bring you all peace and prosperity.