KPMG

KPMG South Africa CEO promises reform after Gupta scandal

Cape Town - Muslimchronicle

KPMG’s new chief executive in South Africa said on Thursday she would make sweeping changes to ensure the firm did not repeat “greatly disappointing” work it did for business friends of President Jacob Zuma. Nhlamu Dlomu, who took up the top job in South Africa after most of the local board was sacked last month, said an announcement would beRead more

Monarch collapse leaves 110,000

London - Muslimchronicle

British short-haul carrier Monarch Airlines went bust Monday in the biggest airline failure in Britain, prompting the government to take emergency action to return home 110,000 stranded passengers. Monarch and its holidays business went into administration, with KPMG appointed to oversee the financial chaos that has left nearly 2,000 employees having to find new employment. The airline had been strugglingRead more

Retail sales slip in May as shoppers turn cautious, but spend more on leisure

London - Muslimchronicle

Retail sales slipped back in May and online trading growth hit record lows as shoppers turned more cautious in the face of rising inflation, new figures have revealed. Like-for-like sales were down by 0.4% last month - down from the 0.5% growth during the same period last year and falling back from the sales boost the sector enjoyed over theRead more

Why online retail growth in the UAE is different than in the rest of the world

Dubai - Arab Today

In the long run the global formula for online retail success might be notably different from the one that will prevail in the GCC countries – and especially in the UAE. The growth of e-commerce is not likely to challenge shopping malls in the UAE, but rather complement it, which may be beneficial for consumers and retail operators in theRead more

Why online retail growth in the UAE is different than in the rest of the world

Dubai - ArabToday

Revealed: Why UAE is hooked on takeaway meals

DUBAI - Arab Today

For many in the UAE, the country’s fast-paced culture, long work schedules and high salaries mean one thing: ordering lots of takeaway meals. In the UAE, around three in four people order takeaway food at least once a week, according to a report by advisory firm KPMG Many order takeaway food far, far more — five or six times aRead more

Settling taxes through cheque

Muscat - Arab Today

As highlighted earlier, tax revenues continue to remain an important source of non-oil revenue for the Government of Oman, given the fact that oil prices have remained low. This is also evident from the Oman Government’s 2017 budget wherein the revenue from ‘taxes and fees’ for 2017 is budgeted to go up by 7 per cent, compared to the figureRead more

KPMG releases report on health care sector

London - Arab Today

KPMG International and the Nuffield Trust, a charitable trust with a mission to improve health care services in the UK, recently published a report that highlights how digital technologies can help enhance health services. The report, Digital Health — Heaven or Hell, discusses the fact that health services have been slower than most industries in adopting IT to increase productivityRead more

Outlook of Riyadh’s residential sector remains positive: KPMG

Riyadh - Arab Today

KPMG Saudi Arabia, claimed as the world’s leading audit and advisory firm, here forth represented by its real estate team, recently released its comprehensive study “Riyadh Real Estate Market Overview” highlighting the economic and demographic trends in Riyadh’s residential, retail, office and hospitality sectors. According to the findings in the report, demand has remained robust for apartments and small-sized villasRead more

Auditors KPMG terminate FIFA contract

Zurich - AFP

Accounting and auditing giants KPMG confirmed on Monday they have ended their decade-long association with scandal-hit world football governing body FIFA. The Swiss branch of KPMG confirmed "the end of this partnership with immediate effect" in a statement to AFP. "In accordance with Swiss law, by letter dated June 9, we informed the FIFA president about our decision to endRead more