Deloitte Middle East Point of View: Women empowerment, cryptocurrencies, Fintech, agility in the public sector, Middle East retail sector and Dubai’s affordable housing sector
25 April, 2018 –What are the biggest barriers to women’s access to leadership positions? How will cryptocurrencies and Fintech affect the business landscape in the Middle East? These are some of the topics discussed in the Spring 2018 issue of Deloitte’s quarterly publication, the Middle East Point of View (ME POV), now in it’s 25th issue. The Spring 2018 issue tackles several hot topics: from diversity, agility in the public sector, to the Middle East retail sector, business continuity, and Dubai’s affordable housing sector.
Rana Salhab, partner and Talent and Communications leader, Deloitte Middle East, David Sproul, CEO Deloitte North West Europe and Emma Codd, Managing Partner for Talent Deloitte North West Europe and Deloitte UK, all recipients of the 2017 Financial Times’ HERoes award for champions of women in business, weigh in on what it takes to empower women in the workplace in their article.
“Organizations in the Middle East need to recognize the added value of female talent in the Arab world to the economy as a whole and to their business, and invest in their attraction, recruitment, development, and retention. The role of men and of leadership commitment and inclusive leadership, in particular, are crucial to this process,” explains Salhab.
Changes are also being felt across the Public Sector in the Middle East, as explained by Ghassan Turqieh, Partner and Human Capital Leader at Deloitte Middle East in his article Agile in the public sector.
“Leaders need to consider modernizing their approach to managing the day-to-day business. Particularly in the United Arab Emirates and Saudi Arabia, women are becoming increasingly involved, heavily encouraged and expected to participate in the workforce. These dynamics will inevitably drive public sector leaders to modernize, embrace changes and deploy appropriate talent solutions, not only to maintain a motivated workforce internally but also to address their citizens’ needs,” explains Turqieh.
Digital evolution is also analyzed in this issue of Deloitte’s MEPOV, with Fintech and cryptocurrencies main topics of analysis. On Fintech, Rajeev Patel, Director and Uthman Al-Basri, Manager, Financial Advisory, Deloitte Middle East caution that “failure to address it early, can trounce even the most dominant of companies […] The use of blockchain technology has enabled the rapid ascent of cryptocurrencies such as Bitcoin into public discourse, igniting a frenzy of interest while creating fundamental challenges to regulators and money markets.”
On cryptocurrencies, Nipun Srivastava, Director, and Saad Qureshi, Assistant Director, Financial Advisory, Deloitte Middle East counsel that cryptocurrencies are still “highly volatile” and outline some of the challenges regarding the adoption of cryptocurrencies and some of the ways forward in regulating them.
E-commerce has drastically changed the global retail market say Anish Mehta, Director, and Sachin Bhandari, Senior Manager, Deloitte, UAE in their article, Going digital: the next frontier for Middle East retail. “But this megatrend,” they say, “which has transformed the dynamics of consumer behavior and business models in retail, remains untapped in the Middle East and offers huge potential for industry players.”
Ziad Haddad, Principal, Risk Advisory, Deloitte Middle East talks about Business Continuity Management, the ability of an organization to maintain essential functions during and after a disaster has occurred.
Martin Cooper, Director, Financial Advisory, Deloitte Middle East concludes the Spring 2018 issue with his article The development of Dubai’s affordable housing sector, where he addresses some of the challenges facing this vital yet troubled sector.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms and their related entities are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about to learn more about our global network of member firms.
Deloitte provides audit, consulting, financial advisory, risk advisory, tax and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500® companies through a globally connected network of member firms in more than 150 countries and territories bringing world-class capabilities, insights, and high-quality service to address clients’ most complex business challenges. To learn more about how Deloitte’s approximately 245,000 professionals make an impact that matters, please connect with us on Facebook, LinkedIn, or Twitter.
Deloitte's professionals are unified by a collaborative culture that fosters integrity, outstanding value to markets and clients, commitment to each other, and strength from cultural diversity. They enjoy an environment of continuous learning, challenging experiences, and enriching career opportunities. Deloitte's professionals are dedicated to strengthening corporate responsibility, building public trust, and making a positive impact in their communities.
About Deloitte & Touche (M.E.):
Deloitte & Touche (M.E.) is a member firm of Deloitte Touche Tohmatsu Limited (DTTL) and is a leading professional services firm established in the Middle East region with uninterrupted presence since 1926. DTME’s presence in the Middle East region is established through its affiliated independent legal entities, which are licensed to operate and to provide services under the applicable laws and regulations of the relevant country. DTME’s affiliates and related entities cannot oblige each other and/or DTME, and when providing services, each affiliate and related entity engages directly and independently with its own clients and shall only be liable only for its own acts or omissions and not those of any other affiliate.
Deloitte provides audit, tax, consulting, financial advisory and risk advisory services through 25 offices in 14 countries with more than 3,300 partners, directors and staff. It is a Tier 1 Tax advisor in the GCC region since 2010 (according to the International Tax Review World Tax Rankings). It has also received numerous awards in the last few years, which include bestAdvisory and Consultancy Firm of the Year 2016 in the CFO Middle East awards, best employer in the Middle East, the Middle East Training & Development Excellence Award by the Institute of Chartered Accountants in England and Wales (ICAEW), as well as the best CSR integrated organization.