Tag Archives: PwC

Business & Investments

Finance teams – evolve now or become irrelevant

A comprehensive new report reveals that finance teams worldwide are at a critical juncture, with just five years to adapt to rapidly changing demands—or face the risk of becoming obsolete.

Dubai, UAE; September 5, 2024: Finance teams have just five years to transform or risk becoming irrelevant, according to a new report by ACCA (the Association of Chartered Certified Accountants) and Chartered Accountants ANZ in association with PwC. The report, Finance evolution: Thriving in the next decade, stresses the vital role finance teams play in building sustainable businesses and urges CFOs and finance leaders to take immediate action.

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“70% of UAE Youth Trust Government’s Efforts in Saving the Planet, 52% Look to Community”, finds PwC report

  • Arab youth demonstrate a higher awareness of the SDGs, with almost 34% “extremely” or “very familiar” with them, compared to 23% globally.
  • Respondents demonstrate higher confidence in regional governments as positive changemakers, diverging from global perceptions.
  • Clean Water & Sanitation (Goal 6), Quality Education (Goal 4), and Good Health and Well-being (Goal 3) rank among the highest priorities for younger populations.
  • Report nods to a higher level of Middle East youth engagement on the SDGs and a critical opportunity to enhance youth involvement in SDG-related initiatives, programmes and policies.
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Business & Investments

Middle East workforce embrace upskilling to thrive in the age of GenAI and climate change, says new PwC report

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  • 63% foresee tech disruption and 54% anticipate climate change impact on jobs.
  • Nearly half of the employees in the region are considering changing employers within the next 12 months.
  • Employees prioritise skills-growth: Nearly two-thirds (61%) of employees say they need to learn new tools and technologies to perform their jobs.
  • More than 25% of regional workers use GenAI regularly at work while demonstrating recognition of its risks, such as bias (64%) and misleading information (56%).
  • More regional (81%) than global (65%) employees value flexibility at work, while 81% of regional workers say they work remotely with their employers’ approval.

Dubai, United Arab Emirates – 15 July 2024 – Employees in the Middle East are actively embracing transformation and showing greater alignment with their organisations’ long-term goals than their global counterparts. According to the latest PwC Middle East Workforce Hopes & Fears Survey 2024, a remarkable 85% of more than 1,500 regional employees clearly understand their organisations’ goals, surpassing the global average of 77%. Additionally, there is a high level of trust in leadership, with 80% of employees expressing confidence in their leaders’ ability to fulfil commitments and promises, higher than the global average of 68%.

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