logo
Baker Tilly International adds new member firm in UAE

Baker Tilly International adds new member firm in UAE

Yahooa day ago
Baker Tilly International has expanded its global network of independent accounting and business advisory firms with the addition of a new member firm in the United Arab Emirates (UAE).
The addition of the Dubai-based firm aims to bolster the company's foothold in what is considered a "key strategic market."
In a statement, Baker Tilly highlighted the country's infrastructure, favourable regulatory environment, and diversified economy as factors providing a "dynamic" landscape for businesses pursuing growth.
It further noted that clients stand to gain from the combination of local insights and the global network's best practices and specialised expertise, which are customised to address unique business challenges.
Baker Tilly UAE managing partner Saad Maniar said: 'Joining Baker Tilly International is a significant milestone for our firm. In an era of rapid change and heightened client expectations, aligning ourselves with a strong global network will enable us to deliver even greater value to our clients. We are excited about the opportunities for knowledge exchange, collaboration and innovation.'
Baker Tilly International CEO Francesca Lagerberg emphasised the importance of the MEA region to the network's global growth strategy. 'The expertise and reputation for quality demonstrated by our UAE firm aligns perfectly with our core values. It not only strengthens our capabilities in the region but also enhances our ability to support clients with cross-border needs through seamless, integrated solutions,' she stated.
The focus on the MEA region was further highlighted last year with the appointments of Chakib Zaari, founder of Baker Tilly in Morocco, as regional chair for MEA, and Gagik Gyulbudaghyan as regional director.
Their roles involve steering international business growth as well as advancing the network's services and capabilities across the region.
"Baker Tilly International adds new member firm in UAE" was originally created and published by International Accounting Bulletin, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

GE HealthCare Core Operating Margin Faces Tariffs Heat, Raises Annual Outlook
GE HealthCare Core Operating Margin Faces Tariffs Heat, Raises Annual Outlook

Yahoo

time3 hours ago

  • Yahoo

GE HealthCare Core Operating Margin Faces Tariffs Heat, Raises Annual Outlook

On Wednesday, GE HealthCare (NYSE:GEHC) reported second-quarter 2025 adjusted earnings of $1.06 per share, which beat the consensus of 92 cents. It was up from $1.00 a year ago. The company reported sales of $5.01 billion, beating the consensus of $4.96 billion. Revenues increased 3% on reported and 2% on an organic basis year-over-year. Revenue growth was driven by strength in the U.S. and Europe, the Middle East, and Africa. Total company book-to-bill was 1.07 times. Total company orders increased 3% organically year-over-year. The net income margin was 9.7% versus 8.9% for the prior year, which was up 80 basis points (bps) with lower tax and interest EBIT margin was 14.6% versus 15.3%, down 80 bps, impacted by tariffs, partially offset by benefits from productivity and volume. View more earnings on GEHC GE HealthCare President and CEO Peter Arduini said, 'We were pleased with solid orders and revenue performance in the second quarter across all segments, reflecting healthy customer investment in capital equipment. We also reported strong earnings performance while leveraging our lean capabilities and demonstrating progress on tariff mitigation...' Guidance GE HealthCare raises its fiscal 2025 adjusted earnings from $3.90-$4.10 per share to $4.43-$4.63 per share compared to the consensus of $4.07. The earnings outlook includes approximately 45 cents of tariff impact. Increased 2025 full-year guidance, reflective of healthy capital investment trends, operational execution, and changes in tariff rates. Adjusted EBIT margin of 15.2%-15.4%, reflecting a decline of 110 bps to 90 bps versus the 2024 Adjusted EBIT margin of 16.3%; this compares to the previous Adjusted EBIT margin guidance of 14.2%-14.4%. The company forecasts Free cash flow of at least $1.4 billion; this compares to previous Free cash flow guidance of at least $1.2 billion. Price Action: GEHC stock is down 7.53% at $71.87 at the last check Wednesday. Read Next:Photo by PixelBiss via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article GE HealthCare Core Operating Margin Faces Tariffs Heat, Raises Annual Outlook originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio

PushDigits Shares Expert Insights on Choosing the Right Audit Firm for Business in Dubai
PushDigits Shares Expert Insights on Choosing the Right Audit Firm for Business in Dubai

Associated Press

time3 hours ago

  • Associated Press

PushDigits Shares Expert Insights on Choosing the Right Audit Firm for Business in Dubai

Considering taking help from an audit firm in Dubai? It is a big choice and it can influence the compliance, accuracy and success of your business. Don't be afraid, because we have got you covered! These are some basic useful tips that will help you select the most suitable partner based on your needs. 1. Determine Your Requirements Before you open the Google search and start googling the best audit firms in Dubai, why not pull back and ask yourself: Pro tip: Jot down your priorities. This will help you zero in on firms that truly 'get' your business and can offer tailored solutions. 2. Check Their Credentials & Compliance Seek evidence, not just words, make sure any firm you consider is legit! Key Considerations: The reason why it matters: A good accreditation implies that you are working with professionals that do not cheat and safeguards your business. 3. Look for Relevant Experience You want an audit partner who's been there and done that, preferably in your industry. Ask them: A good fit means fewer headaches, more accurate audits, and advice that actually makes sense for your line of work. 4. Dig Into Their Reputation A firm's reputation speaks volumes. Here's how to suss it out: Look for feedback about: Red flags? Move on. Strong feedback? You're making the right choice. 5. Explore Their Services & Tech Not all audit firms are created equal. Some stick to the basics, while others offer: Checklist: The correct technological solutions and services may lead to faster turnarounds and smarter reporting. 6. Compare Pricing & Value It's not just about the cheapest option, it's about getting real value for your money. What to check: Understandable Fee Structure: Are you sure you can clearly describe what you're paying for? Service Packages: Can they be tailored to your needs? Do they cover everything, or are there unknown extras? Long-Term Value: Will the relationship enable you to grow and meet your changing needs better? Tip: Be cautious of vague estimates or unclear billing practices. You don't want unwanted surprises down the line. 7. Don't Overlook Cultural Fit & Communication This one's easy to miss, but it's super important, especially in Dubai's unique business culture. Look for: Once you are on the same wavelength, the entire procedure becomes easier. Conclusion Selecting a good audit firm in Dubai is not merely a tick-the-box task. It's about getting a real partner, just like Push Digits Chartered Accountants, who can help you stay compliant and grow your business. Use this checklist, take your time and trust your instincts. Your business deserves nothing less! Media Contact Company Name: Push Digits Contact Person: Sophia Email: Send Email City: Dubai Country: United Arab Emirates Website: Press Release Distributed by To view the original version on ABNewswire visit: PushDigits Shares Expert Insights on Choosing the Right Audit Firm for Business in Dubai

Vibe Coding Tool Replit Doubles In Valuation To $3 Billion
Vibe Coding Tool Replit Doubles In Valuation To $3 Billion

Forbes

time3 hours ago

  • Forbes

Vibe Coding Tool Replit Doubles In Valuation To $3 Billion

Doha , Qatar - 26 February 2024; Amjad Masad, Co-founder & CEO, Replit on Centre Stage during the opening night of Web Summit Qatar 2024 at the Doha Exhibition and Convention Center in Doha, Qatar. (Photo By Stephen McCarthy/Sportsfile for Web Summit Qatar via Getty Images) Sportsfile via Getty Images Artificial intelligence coding company Replit has just raised $250 million in a new funding round that values it at more than $3 billion marking another big raise for the startups powering 'vibe coding'. The new round will be led by Prysm Capital and will likely see the valuation of the Bay Area startup double in just over two years, according to sources close to the company. The funding represents a significant jump from the $1.16 billion valuation that Replit hit in April 2023 after raising $97 million. In the past few years large language models have evolved beyond just writing lines of code and can now turn a simple written instruction into working apps or websites. Microsoft CEO Satya Nadella recently claimed that as much as 30% of the company's new code is written by AI. Earlier this month, Google paid $2.4 billion to poach key executives from Windsurf, a developer-focused AI coding tool. That company's main rival Cursor leapt to a $10 billion valuation in a funding round in June. Replit's cofounder and CEO Amjad Masad announced in June that the Bay Area-based startup had reached $100 million in annual recurring revenue (ARR) less than a year after the launch of its AI coding tool. The company's rivals have also seen explosive growth with Swedish startup Lovable telling Forbes earlier this month that it had racked up $100 million in subscriptions in just eight months from its own launch. The vibe coding boom has triggered a flurry of interest from investors in the space with Lovable raising $200 million in a round led by Accel, and Bay Area rival StackBlitz landing a $80 million founding round in January. Bloomberg had previously reported that Replit had been in talks to raise at a $3 billion valuation. Replit and Prysm Capital both declined to comment. Though Replit now claims to have served over 30 million users, it's hardly an overnight success story. The company was established back in 2016 by former Facebook engineer Masad, and his cofounders, to build an online platform to support collaborative coding. The company didn't launch its AI code writing tool until September 2024. But it hit $10 million ARR by the end of that same year, according to Masad. Still, there have been a few hiccups. Investor Jason Lemkin recently claimed that Replit's AI went 'rogue' and deleted the code base for a project he had spent two weeks building. 'I know vibe coding is fluid and you can't overwrite a production database,' he said on viral X post. 'Possibly worse, it hid and lied about it.' Masad replied that this was 'unacceptable and should never be possible,' and Replit was taking steps to add safeguards to the platform. Replit declined to comment further. A bigger challenge for Replit and its vibe coding rivals are tech giants like Google and Microsoft and the large model builders like Anthropic that currently power their code writing tools muscling into their market. Google has its own platform, Firebase Studio, while Amazon released its own tool Kiro earlier in July and Anthropic is now selling access directly via Claude Code. Lemkin is still using Replit for now. 'They all use the same model from Anthropic,' The SaaStr investor told Forbes. ' I have slowed everything way down in general. I'm vibe coding at 20% of the speed as before all this.' More from Forbes Forbes Vibe Coding Turned This Swedish AI Unicorn Into The Fastest Growing Software Startup Ever By Iain Martin Forbes This Top VC Wants To Use Main Street America As An AI Lab By Iain Martin Forbes For AI Startups, A 7-Day Work Week Isn't Enough By Richard Nieva Forbes AI Coding Startup Cognition Is In Talks To Raise At A $10 Billion Valuation By Richard Nieva

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store