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ICAEW Establishes Middle East Ops

by Lorys Charalambous, Tax-News.com, Cyprus

05 March 2010

The Institute of Chartered Accountants in England and Wales (ICAEW) has strengthened its position in the Middle East by taking up a new office in the Dubai International Financial Centre (DIFC).

The ICAEW, a professional body headquartered in the UK with more than 132,000 members in over 160 countries, has established its DIFC office as part of its campaign to set up regional offices around the world to work more closely with key stakeholders globally and to offer better support to its members and students around the world.

There are more than 800 ICAEW members with the globally recognized ACA qualification (Associate Chartered Accountant) in the Middle East, of which more than 400 are located in the United Arab Emirates (UAE).

Amanda Line, who has been appointed Regional Director of ICAEW Middle East, commented: “As the accountancy and finance profession becomes increasingly global, we need to offer better support to our members where they are based. Having an office in the DIFC will allow us to fulfil our commitment to the growing number of members and students in the Middle East.”

“We are also keen to share our expertise and experience with other stakeholders – governments, regulators, businesses – in the Middle East to strengthen the profession and increase the number of qualified chartered accountants. The DIFC is a very convenient location for our office and our expanding team, given that it provides us with easy access to many major stakeholders, some of which we are already working closely with, in addition to the purely infrastructural and logistical benefits it offers.”

The ICAEW office is to be the central hub for the body’s operations in the UAE, Bahrain, Saudi Arabia, Qatar, Kuwait, Oman, Egypt, Iran, Lebanon, Iraq and Jordan.

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