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Finance World Magazine| Edition: March 2024

This month’s edition of the Finance World Magazine focuses on the intricate world of tax and accountancy in the UAE, exploring its profound economic implications. The focus is on understanding how the introduction of corporate tax in the UAE has shaped the business landscape, with a spotlight on its influence across various sectors such as real estate, tourism, and sports. The cover story unveils leading tax and accountancy firms in the UAE, providing insights into their pivotal role amid the implementation of Corporate Tax. Between the pages is an exclusive interview with Nirav Shah, Director at FAME Advisory, who shares valuable insights into the essential skill set required to navigate the challenges and opportunities for businesses in the UAE within this new tax framework. The magazine features articles that explain the significant role of accountancy in facilitating smooth mergers and acquisitions, as well as effective personal finance management. Additionally, the article, "Investment Fund Taxation and the Path to Corporate Tax Exemption in the UAE," serves as an ultimate guide to understanding Investment Fund Tax Exemptions in the region. In alignment with emerging global trends, we bring you an exclusive interview with Malak Fouad, the Creator and host of the 'What I Did Next' podcast and Founder of A&T Media. She shares her journey in establishing the podcast and provides a unique perspective on working with a diverse group of intellectuals. Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.

This month’s edition of the Finance World Magazine focuses on the intricate world of tax and accountancy in the UAE, exploring its profound economic implications. The focus is on understanding how the introduction of corporate tax in the UAE has shaped the business landscape, with a spotlight on its influence across various sectors such as real estate, tourism, and sports.

The cover story unveils leading tax and accountancy firms in the UAE, providing insights into their pivotal role amid the implementation of Corporate Tax. Between the pages is an exclusive interview with Nirav Shah, Director at FAME Advisory, who shares valuable insights into the essential skill set required to navigate the challenges and opportunities for businesses in the UAE within this new tax framework.

The magazine features articles that explain the significant role of accountancy in facilitating smooth mergers and acquisitions, as well as effective personal finance management. Additionally, the article, "Investment Fund Taxation and the Path to Corporate Tax Exemption in the UAE," serves as an ultimate guide to understanding Investment Fund Tax Exemptions in the region.

In alignment with emerging global trends, we bring you an exclusive interview with Malak Fouad, the Creator and host of the 'What I Did Next' podcast and Founder of A&T Media. She shares her journey in establishing the podcast and provides a unique perspective on working with a diverse group of intellectuals.

Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.

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Interview<br />

sustainability and positions the Middle<br />

East as a region actively engaged in<br />

eco-conscious woodworking.<br />

Additionally, the Dubai Wood Show<br />

facilitates access to a wide array of<br />

woodworking machinery and equipment,<br />

fostering technological advancements<br />

and efficiency improvements within the<br />

industry. Furthermore, the event’s role<br />

in attracting investors and entrepreneurs<br />

to the region amplifies the woodworking<br />

industry’s potential for expansion and<br />

economic diversification. In essence,<br />

the Dubai Wood Show serves as a vital<br />

platform that not only stimulates growth<br />

but also projects Dubai and the Middle<br />

East as influential players in the global<br />

wood and woodworking landscape.<br />

Q. Egypt has a rich history in<br />

woodworking and craftsmanship.<br />

How does the Cairo Wood Show<br />

embrace this heritage and promote<br />

it on an international scale?<br />

Cairo Wood Show effectively bridges<br />

Egypt’s illustrious history in woodworking<br />

and craftsmanship within the global<br />

stage and more specifically North Africa,<br />

creating a platform that celebrates and<br />

promotes this heritage internationally<br />

as well as locally.<br />

The event showcases Egyptian<br />

woodworking traditions, including intricate<br />

designs, carving techniques, and artisanal<br />

craftsmanship, allowing local artisans<br />

and businesses to display their skills and<br />

products to an international audience.<br />

This not only preserves Egypt’s cultural<br />

legacy but also highlights its relevance<br />

in the contemporary woodworking<br />

landscape.<br />

Moreover, the show often collaborates<br />

with international and local wood and<br />

woodworking experts and organisations,<br />

creating a platform for cultural exchange<br />

and collaboration. This helps Egyptian<br />

craftsmen and businesses learn from<br />

international best practices while<br />

showcasing their unique contributions.<br />

Overall, the Cairo Wood Show effectively<br />

merges Egypt’s rich woodworking history<br />

with contemporary woodworking trends,<br />

promoting this heritage on a global scale.<br />

Q. Saudi Arabia has been undergoing<br />

significant economic transformation.<br />

How does the Saudi Wood Show<br />

align with the Kingdom’s Vision<br />

2030 and its goals for diversifying<br />

the economy?<br />

Saudi Wood Show aligns closely with<br />

Saudi Arabia’s Vision 2030, a comprehensive<br />

plan aimed at diversifying the Kingdom’s<br />

economy and reducing its dependence<br />

on oil revenue. Our exhibition will play<br />

a pivotal role in advancing these goals<br />

in several ways. Firstly, it promotes<br />

entrepreneurship and innovation within<br />

the woodworking and related sectors,<br />

supporting the Vision’s objective of<br />

nurturing a vibrant and diversified private<br />

sector. By attracting local and international<br />

wood industry professionals, the show<br />

fosters partnerships, investments, and<br />

business opportunities in Saudi Arabia,<br />

contributing to economic growth.<br />

Secondly, the Saudi Wood Show<br />

emphasises sustainability and<br />

environmental responsibility, aligning with<br />

the Vision’s goals to enhance environmental<br />

protection and resource management.<br />

Through its focus on sustainable wood<br />

sourcing and manufacturing practices,<br />

the show encourages the adoption of<br />

eco-friendly approaches within the<br />

woodworking industry. Lastly, the<br />

event promotes knowledge transfer<br />

and technological advancement, in<br />

line with Vision 2030’s aspiration to<br />

drive research and development in<br />

key sectors.<br />

Overall, the Saudi Wood Show<br />

serves as a valuable tool in advancing<br />

Saudi Arabia’s Vision 2030, supporting<br />

economic diversification, sustainability,<br />

and innovation within the Kingdom.<br />

Q. What are some notable trends<br />

in the woodworking industry that<br />

these Wood Shows aim to showcase<br />

or address?<br />

As previously mentioned, Dubai,<br />

Cairo and Saudi Wood Shows each<br />

serve a unique dynamic showcase of key<br />

trends in the wood and woodworking<br />

industry, spotlighting themes such as<br />

sustainability, artisanal craftsmanship,<br />

46 www.thefinanceworld.com <strong>March</strong> <strong>2024</strong>

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