16/05/2018 08:48 AST

The Association of Chartered Certified Accountants (ACCA) and the Continuing Education Center (CEC) of the University of Business and Technology (UBT) in Jeddah are collaborating to develop the finance and accountancy skills for finance professionals in the Kingdom of Saudi Arabia in line with Vision 2030.

In recognition of the quality of learning provision and support provided for ACCA certification and diploma candidates, UBT was awarded the sole Registered Learning Partner (RLP) in Saudi Arabia. UBT Rector Prof. Osama Jannadi, along with UBT CEC Director General Dr. Amir Dhia received the award during the ACCA New Members Ceremony held here.

Based on this association, UBT CEC will be providing training for the ACCA Certificate in International Financial Reporting Standards (Cert IFR), ACCA Diploma in International Financial Reporting Standards (Dip IFR), as well as the ACCA Certificate in International Auditing (Cert IA).

Dr. Dhia stated, “This partnership is an important step towards qualifying current and future practitioners in accounting and finance”. He stated that “The Bachelor and Master degree students in the fields of accounting, finance, auditing and business management will be among the first to benefit from the ACCA internationally recognized and renowned certifications.”

“These certifications will help the students to be in a better and competent position as they apply for and continue their jobs. To upgrade their performance and standards, companies and their employees will also be able to benefit from this training and certifications”, he added.

Fazeela Gopalani, head of education for ACCA Middle East who presented the award stated “In Saudi Arabia, the government is making great strides in realizing Vision 2030 by further embracing economic reforms, including the introduction of VAT and other key reforms. With economic diversification, reform and further fiscal solidarity across the region, finance professionals will be pivotal to driving long term sustainable growth in Saudi Arabia. We are delighted to be working with institutions such as UBT CEC amongst others, to continue strengthening and supporting the finance professional in the country, which will be vital for both current and future fiscal and economic development.”


Saudi Gazette

Ticker Price Volume
SABIC 129.60 5,192,197
SAICO 15.12 247,494
BATIC 40.00 34,424
EIB 10.00 0
STC 87.60 206,773
AICC 19.92 555,942
WALAA 28.90 165,927
Affordable housing stimulates Riyadh’s real estate market

19/07/2018

Although market conditions in Riyadh remain relatively unchanged this quarter, the governments’ continued focus on providing more affordable housing to drive home ownership amongst Saudi nationals wi

Saudi Gazette

UAE clarifies rules on payment of VAT on commercial real estate

19/07/2018

The 5 per cent VAT on commercial real estate must be paid prior to the completion of an asset sale, not afterwards, the UAE’s Federal Tax Authority (FTA) said on Wednesday.

In a statement

The National

PEIE highlights investment opportunities

19/07/2018

A delegation of Indian businessmen visited the Public Establishment for Industrial Estates (PEIE) on Wednesday in a bid to familiarise themselves with the investment climate in the Sultanate.

Times of Oman

Bahrain bond rally fizzles out as Gulf bailout remains elusive

19/07/2018

Bondholders’ relief over a Gulf pledge to prop up Bahrain’s struggling economy has given way to anxiety now that three weeks have passed without any sign aid is on the way.

Saudi Arabia, Ku

Gulf News

Dubai banks continue to deliver strong results

19/07/2018

Leading Dubai based banks, Emirates NBD, Emirates Islamic, Dubai Islamic Bank (DIB) and Mashreq reported strong growth in first half net profits supported by gains in core banking revenues.

Gulf News