As the COVID – 19 pandemic progresses, several countries are beginning to ease restrictions previously imposed to contain the spread of the pandemic. Most employees have been working from home for more than a month. Executives and boards are beginning to make decisions on how to handle this...

Business continuity management helps companies to effectively respond to threats such as natural disasters, economic downturns, or a Pandemic - similar to the current pandemic COVID-19, and protects the business interests of the organization. Business Continuity Management (BCM) integrates the...

Perspective and importanceAs companies navigate through this unprecedented time of pandemic, (except for companies based in specific sectors) all companies are experiencing significant operational, financial and liquidity challenges. Several measures are put in place to ensure disruption impact...

Saudi Arabia has announced that the rate of VAT in the Kingdom will rise from 5% to 15% with effect from 1 July 2020. The change is in response to the slump in oil prices and the fall in non-oil revenues in the wake of the COVID-19 crisis.It is reported that the UAE Ministry of Finance has...

In the time when everyone is following social distancing, the usage of online video conferencing has emerged as an excellent alternative for a face-to-face meeting. This has enabled the world to reduce carbon footprint and have virtual meetings for collaboration and business. While video...

The Dubai Multi Commodity Centre(DMCC) Free Zone has recently offered business relief package and specific regulatory updates to its member firms, and we have briefly laid out these changes:•    Stimulus Package- DMCC has provided various incentives to support the member firms in these uncertain...

At the time of global pandemic (COVID-19), many organizations have decided to work from home and have adopted remote work policies. This influx in remote work has created a gap in cybersecurity standards and it’s becoming a growing concern. Cybercriminals are exploiting COVID-19 to target...

The world is facing an unexpected and unprecedented pandemic, resulting in widespread shutdowns which are disrupting the day to day operations of almost all businesses. ‘Work from home’ has become the new normal and it has become increasingly important for companies to adopt digital tools to...

Businesses across the globe are struggling with the effects of COVID-19 on their revenues and activities across a wide range of markets. At BDO we have experience of guiding businesses through recovery of losses and potential claims that can be made against insurance policiesPotential areas of...