List of all articles filed under “saudi-arabia-services” category.
The GAAP is based on rules but the IFRS is based on principles. The two systems have major differences. Since the IFRS is now becoming accepted in more than 120 countries, Saudi Arabia has decided to move towards the International Financial Reporting Standards in order to be compatible with other countries worldwide.
Akram Farhat, General Manager KSA, Qatar, Brash talks about branding in the GCC and about the special approch Brash Brands utilizes in branding.
Mohammed Moumena, managing director of Edward W Kelley & Partners talks about transformation of family business in Saudi Arabia.
Mohammed Moumena, managing director of Edward W Kelley & Partners talks about talent, human resources and doing business in Saudi Arabia.
Dr. Adli A. Hammad, Partner at Hammad & Al-Mehdar talks about the strategy of the company. The vision is to become one of the leading law firms in Saudi Arabia.
Dr. Adli A. Hammad, Partner at Hammad & Al-Mehdar talks about the major judiciary reforms in Saudi Arabia.
Every brand has the potential to go global, if it is strategically set to be. Some brands just have the ambition of being regional or local. If they go global, they may lose their value. It depends on how they are positioned and what they offer. However, I agree with you that even on the regional level, many brands could be much bigger.
In 2006, I brought a solution to Jeddah Municipality – where they produce 7,000 tons of waste per day – and said we’re going to generate electricity and power from that waste. And now, we’re still in negotiations with other authorities to approve this innovation. It takes time, especially talking about mega projects that cost $500 million. We’ll give solutions and generate waste into 100 megawatts can easily give electricity to almost 10,000 households (depending on how big the house is). It’s amazing and good, but it still takes time and investment.
Doing business in Saudi Arabia has become more regulated. That is one of the reasons why have such split views. The role of SAGIA, the investment authority, has become more active. They are supervising the investors, checking whether the investors with license are really active or not.
The capacity of our economy to absorb more Saudi talents is real, but we cannot only rely on the government, the private sector has a crucial role to play here. Until now, there has been a general belief that only the government is responsible for employment and job creation. But I believe that the government and the private sector are equally responsible.
