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Along with a more business-friendly environment, key reforms, such as reducing VAT from 20% to 12% and creating special economic zones, we have strengthened our position as an attractive destination for foreign investors. GF : The plan is to attract some $ 250 billion in investment by 2030. We have seen GDP rise by 6% in 2023 and 6.4%
Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
Firstly, recognizing the critical role of the banking sector in driving sustainable economic growth, we are actively working to align Arab financial institutions with the UNs Sustainable Development Goals. On one hand, all Arab countries recognize the critical role of the banking system in driving economic development and stability.
Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC
Additionally, companies need to adopt a long-term perspective and engage in rigorous financial planning to identify potential risks and opportunities. By implementing these strategies, companies can build a resilient balance sheet that can weather economic storms and position themselves for long-term success.
The Economic Survey 2024-25 calls for urgent deregulation to boost MSME growth, stressing that excessive regulatory burdens hinder business efficiency and innovation. "By Here's what the Economic Survey had to say. "By reducing these burdens, businesses can operate more efficiently and competitively," the Survey states.
Younger, globally minded clients are driving a shift to offshore investments, making strategic and flexible wealth planning more critical than ever. Mariana Oiticica : It is increasingly vital to their long-term strategic planning. Investing abroad effectively reduces exposure to local economic and political risks.
In today’s unpredictable economic climate, staying ahead of payroll challenges is a crucial priority for business owners and finance leaders, particularly in industries like tech, hospitality, and real estate. This involves creating a comprehensive Financial Crisis Response Plan.
Tanzanias socioeconomic transformation drives economic dominance by attracting substantial investments and dominating intraregional trade. The East African nation has opted to go on quietly pursuing economic supremacy. First is protecting existing contracts, which is crucial for long-term investment planning. Tanzania office.
This is true about equity and bond markets, specific company stocks, and economic data series. Random events can and will completely derail the best laid plans we may make. A regular theme around these parts is “ Nobody Knows Anything. ” Specifically, nobody knows what will happen in the future.
The challenge is how to frame the current economic scenario in a way that is useful and informative and not the usual run-of-the-mill noise. 2) What will their impact be on economic activity and inflation? I didnt understand this as representing a significant threat to the established economic order. In a word, the U.S.
Central bank officials last month gave no indication of plans to slow their fight against inflation while noting an imperative to alter policy based on fresh economic data.
President Recep Tayyip Erdogans ambitious dreams include building Turkey from regional economic centre into global economic powerhouse and boosting it from the worlds sixteenth largest economy into the top 10. in 2026 and 4% a year after that without creating other economic distortions. We expect 3.5%
A CFO has a deep understanding of your business model and your banking relationships, works with your board of directors, prepares detailed financial and management reports, works with auditors, oversees tax planning, and sets policies around controls and payroll.
The Arabian Company for Agricultural and Industrial Investment, known as Entaj, is the latest to announce its IPO plans, intending to offer 30% of its share capital to the public. With increased capital, they can expand into new markets, reinforcing Saudi Arabias position as a rising economic powerhouse. billion for a 1.5%
The base year provides a reference point for measuring changes in economic variables and comparing relative performances of indicators over time. For instance, real gross domestic product (GDP) growth is currently calculated with reference to FY12 prices.
Together, these issues could pose significant threats to economic growth and social progress, analysts warn. A leading foreign company operating in Togo is Heidelberg Material, which is planning new investments in environmental and industrial sectors and funding sustainable solutions in cement production using alternative materials.
Apparently, President Modi came to each economic sector, analysed their economic contribution and set targets, and they’re all committed to these targets. After that, we [will have] a workshop or a planning session where we will share our challenges, ideas, innovations and requests. “We It was like a mantra.
Vision to Reality: How to Turn Organisational Goals into Achievable Plans Every organisation has a visiona statement of purpose and a picture of the future it strives to create. Your unique perspective on finance and strategy places you at the center of turning big-picture ideas into achievable plans that drive the business forward.
This move is part of Prime Minister Abiy Ahmeds broader economic liberalization plan, aimed at modernizing Ethiopias heavily state-controlled financial system. The initiative is expected to attract foreign investment, increase financial stability, and support Ethiopias economic diversification.
The environmental, social and governance principles have become integral to the country's long-term growth and development strategies as business and policy-makers recognise the need to balance economic progress with environmental protection and social responsibility. The shift towards sustainable goal gains significant momentum.”
This is as true for professionals as it is for amateurs; it’s also true in music, film, sports, television, and economic and market forecasting. Economic Innumeracy : Some individuals experience math anxiety, but it only takes a bit of insight to navigate the many ways numbers can mislead us. Bad Numbers : 4. Index (mostly).
Detailed workforce planning and head count analysis Hiring, onboarding, and managing personnel are typically the responsibility of human resources departments, rather than FP&A. However, the interpretation and analysis of economic trends are typically the responsibility of specialized professionals. Of course, they matter.
From the financial side, I am heavily involved in the scoping of the AFE, ensuring all financial models, scenario planning, and required returns are accurately detailed. At Gas de Cameroon, our mission is to unlock Cameroon’s economic potential through cost-effective, clean, and efficient gas products.
At the Asia-Pacific Economic Cooperation summit in Peru last November, Indonesias new President Prabowo Subianto, who began his term in October, emphasized that foreign investments would be protected by a solid legal framework, and highlighted incentives and a commitment to liberalizing ownership laws.
Countries like Vietnam, the Philippines, and Indonesia are fully committed to using e-invoicing to streamline tax processes, enhance transparency, and support economic growth. When planning your implementation, think beyond compliance. Ask yourself: How can we maximize these benefits for our business?
ADGMs expansion has propelled the financial sectors share of GDP in the emirate, which has expanded by an average 11% a year over the last three years, says Justin Alexander, director of Khalij Economics and Gulf Cooperation Council (GCC) analyst for GlobalSource Partners. ADGM is likely to remain a key player in supporting these efforts.
Among the several different types of retirement plans that are available to self-employed workers, solo 401(k) plans can offer the most flexibility and the ability to contribute the highest amount of tax-advantaged savings. Self-directed plans, meanwhile, offer more ability to tailor a plan’s features to an individual’s needs.
Instead, it’s the ability to adapt to challenges, consider new perspectives, and adjust plans while keeping the bigger picture in mind. Unexpected Challenges are the New Normal From global pandemics to economic downturns, unpredictable challenges are here to stay. A flexible leader is better equipped to keep up and pivot when required.
The sentiment is especially poignant when it comes to economic forecasting, as it's nearly impossible to get an accurate picture of the current state of the economy at any given moment. The key point is that, given the current economic uncertainty, there are several ways that advisors can help clients prepare for potential downturns.
Oliver Jones, head of EY-Parthenons Geostrategic Business Group, tells Global Finance how forward-looking companies are embedding geopolitical thinking into their risk frameworks, investment decisions, and long-term planning. Thirdly, is a shift to economic competition. No longer is it just about near shoring, or friend shoring.
Economic changes, whether due to inflation, global disruptions, or evolving consumer behavior, require businesses to be agile and adaptable. Staying informed about economic trends, market shifts, and industry updates allows you to anticipate potential challenges and opportunities.
As global trade fractures in 2025, companies face rising tariffs, supply chain turmoil, and shifting economic dynamics. Geopolitical pressures are reshaping global economic and financial activity leading to what is commonly called a fractured global economy.
The move is a cornerstone of an International Monetary Fund (IMF)-backed privatization program aimed at attracting private-sector investment and bolstering economic resilience. The proceeds from this offering will strengthen our capital base, support our expansion plans, and enable us to deliver greater value to our stakeholders, he said.
Led by Latvian President Edgars Rinkvis and Minister of Economics Viktors Valainis, the eight-day event included investor briefings in Houston, San Francisco, and Denver. According to one analysis, published last June, Rail Baltica is projecting regional economic benefits, both direct and indirect, of 48 billion. Inflation (2024): 1.4%
The economic recovery since 2020 Private-sector employment has largely returned to pre-pandemic levels across the country, except for the leisure and hospitality sector, which faced large job losses and remains 5.5% State and local lawmakers should seize it. below February 2020 employment levels. Alabama 2.7% 4.8% -0.5% Alaska 2.2%
The crisis cycle starts with a trigger event, which can be economic, political or financial, though there are often smaller events ahead of is occurrence that point to its coming. It has the potential to change the global economic order, and a market reaction is merited. The Tariff Crisis?
In our latest Planning Aces episode, Jack Sweeney teams with performance management guru Brett Knowles to spotlight three finance leaders tackling one of businesss most critical challenges: aligning sales, operations, and finance around a common goal.
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