Grant Thorton

• International Public Sector Accounting Standards
• M&A and Transactions Advisory
• Customs and International Trade
• International Tax and Tax Due Diligence
• Business Process Outsourcing Services
• Navigating through turbulent times Volatility in global markets remains, presenting new challenges to businesses both locally and internationally

A survey conducted as part of the Grant Thornton International Business Report (IBR) H1 2022 illustrated that businesses in the UAE reported cost increases ranging between 14-18% for energy and utilities, raw materials, wages, equipment, bank and interest costs and taxes As a result, companies are trying to protect their margins where possible through price increases Where this is not possible, both profitability and liquidity are adversely impacted

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• Real Estate & construction