Mitigating risk is of increasing importance for both banks and the construction industry. Reduced liquidity due to changing market dynamics, namely areduction in oil prices, is forcing banks in the GCC region to rethink their lendingpolicy due to a rise in Non-Performing Loans. This is one of the topics discussed in the summer 2017 issue of Deloitte\u2019s quarterly publication, the Middle East Point of View (ME POV).
The Summer 2017 issue tackles several hot topics: from 5G technology and risk management in the Middle East construction market, to family businesses in the Middle East, business travel, non-performing loans, leadership attributes and IFRS 15 and ISO 37001.<\/p>\n\n\n\n

David Stark, Partner, and Karim Labban, Assistant Director, Restructuring Services, Financial Advisory, Deloitte, Middle East explain in their report NPLs on the rise that corporates should seek creative financing and restructuring solutions to mitigate default risk and engage in transformation initiatives to adapt to the changing dynamics of the market. In the absence of similar initiatives, corporates risk deepening challenges if they remain loyal to an outdated business model that might no longer be viable under the new macroeconomic and financial parameters.<\/p>\n\n\n\n

Matt Hanson, Assistant Director, Capital Projects, Financial Advisory, Deloitte, Middle East, points out that the effects of tighter financial policies in the Middle East can certainly be felt in the construction industry.<\/p>\n\n\n\n

\u201cTight management of project costs and clear visibility of project risks will become critical in ensuring overruns are avoided and stakeholders retain confidence in an organization\u2019s ability to deliver projects successfully,\u201d explains the author.<\/p>\n\n\n\n

Jayne Stokes, Director, Global Employer Services Leader, Deloitte, Middle East in her report on business travel, explains that as organizations become more global, business travel is no longer immune to taxes and risk.<\/p>\n\n\n\n

\u201cEmployees are increasingly expected to take on global or regional roles [giving rise] to a complex array of tax, immigration and payroll risks for both the organization and the employee,\u201d explains Stokes.<\/p>\n\n\n\n

Walid Chiniara, Partner and Head of Family Enterprise Consulting, and Yasmine Omari, Manager, Family Enterprise Consulting, Deloitte, Middle East also discuss mitigating risks in family businesses.<\/p>\n\n\n\n

\u201cThere is no standard \u201cFamily business\u201d insurance policy that can truly mitigate and cover all the risks associated with a family-owned business,\u201d explain the authors. \u2018However, it is possible to put in place a governance structure, akin to an insurance policy, to safeguard the capital of a family in all its forms: financial, human, social and intellectual.\u201d<\/p>\n\n\n\n

Emmanuel Durou, Partner and Technology, Media and Telecommunications Leader, Deloitte,<\/p>\n\n\n\n

Middle East, and other co-authoring experts review 5G, and the challenges faced by mobile operators in their report, Survival of the fastest.<\/p>\n\n\n\n

\u201cTelcos need to gain a clear picture on the monetization potential and return on investment for 5G. Beyond strategy, there are clear operational challenges ahead for the 2020 planned 5G Deployment,\u201d explain the authors.<\/p>\n\n\n\n

Roy Gillespie, Director, Forensic, Financial Advisory, Deloitte, Middle East in his article ISO 37001 anti-bribery management system: time for implementation outlines the required measures and fundamental elements to ensure a successful implementation of the system, including top-level commitment, communication and adequate resources and budget.<\/p>\n\n\n\n

Angelito Catacutan, Principal, Audit, Deloitte, UAE, reviews the \u201cBig Change\u201d in IFRS 15, that affects the recognition criteria of revenue and will surely affect many industries especially some of the big real estate players and key telecommunications companies, who have chosen an early adoption of the standard.<\/p>\n\n\n\n

To download the Middle East Point of View Summer 2017 – pdf version, go to: http:\/\/bit.ly\/2w4Qd0K<\/p>\n\n\n\n

To download the ME Point of View App and review over 100 current and past reports, go to http:\/\/bit.ly\/Q9WGAV<\/p>\n\n\n\n

To subscribe to the Middle East Point of View, send contact details to middleeast@deloitte.com<\/p>\n","protected":false},"excerpt":{"rendered":"

Mitigating risk is of increasing importance for both banks and the construction industry. Reduced liquidity due to changing market dynamics, namely areduction in oil prices, is forcing banks in the GCC region to rethink their lendingpolicy due to a rise in Non-Performing Loans. This is one of the topics discussed in the summer 2017 issue […]<\/p>\n","protected":false},"author":1,"featured_media":9616,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/metaversenewswire.io\/wp-json\/wp\/v2\/posts\/10022"}],"collection":[{"href":"https:\/\/metaversenewswire.io\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/metaversenewswire.io\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/metaversenewswire.io\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/metaversenewswire.io\/wp-json\/wp\/v2\/comments?post=10022"}],"version-history":[{"count":1,"href":"https:\/\/metaversenewswire.io\/wp-json\/wp\/v2\/posts\/10022\/revisions"}],"predecessor-version":[{"id":10023,"href":"https:\/\/metaversenewswire.io\/wp-json\/wp\/v2\/posts\/10022\/revisions\/10023"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/metaversenewswire.io\/wp-json\/wp\/v2\/media\/9616"}],"wp:attachment":[{"href":"https:\/\/metaversenewswire.io\/wp-json\/wp\/v2\/media?parent=10022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metaversenewswire.io\/wp-json\/wp\/v2\/categories?post=10022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metaversenewswire.io\/wp-json\/wp\/v2\/tags?post=10022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}