EY recognized as the 2023 Snowflake Global System Integrator Industry Solution Development Partner of the Year

Major expansion of EY-Parthenon strengthens EY position in global strategy and transactions market

Dubai, 27 MARCH 2025. The EY organization today announces the expansion of EY-Parthenon, unifying the EY organization’s Strategy and Transactions service line under a single, distinctive sub-brand focused on creating value for EY clients, people and society more broadly at the intersection of strategy, transaction services and transformation.

GCC banking sector set for strong performance in 2025

Dubai, UAE – 18 March 2025: According to the EY GCC Banking Sector Outlook 2024 report, GCC banks will continue to benefit from strong capital levels, supporting their overall performance in 2025. The expansion of gas production in Qatar, implementation of economic transformation projects in the Kingdom of Saudi Arabia (KSA), and non-oil economic growth in Bahrain and the United Arab Emirates (UAE) will underpin the resilience of GCC banks this year. In addition, the Brent crude price is expected to stay above US$74 per barrel for 2025-27, which will help uphold banking sector resilience.

MENA region recorded 54 IPOs raising US$12.6b during 2024

Dubai, UAE – 10 February 2025: According to the EY MENA IPO Eye Q4 2024 report, MENA markets saw a total of 54 initial public offerings (IPOs) in 2024, raising US$12.6b in total. When compared to 2023, last year recorded a 12.5% increase in the number of IPOs and a 17.6% rise in proceeds.

Tech industry looks to turn the promise of AI into reality in 2025

LONDON, 19 DECEMBER 2024. Throughout 2024, new artificial intelligence (AI) capabilities continued to develop at a rapid pace, highlighting the need for technology businesses to reshape, reposition and innovate in a world led by the promise of generative AI (GenAI).

2024 IPO wrapped: Americas and EMEIA recover, Asia-Pacific lags

London, 18 December 2024. The global IPO market recorded 1,215 deals, raking in US$121.2b in proceeds for 2024, falling slightly behind 2023 levels.

EY launches academy in KSA to meet workforce needs

Riyadh, KSA – 18 December 2024: EY has launched its EY Academy in the MENA region with an inaugural location in the Kingdom of Saudi Arabia (KSA). The EY Academy was established to further enhance and accelerate the development of talent across the country and wider MENA region. The organization is the first of its peers to gain a license to operate an academy in KSA.

New EY survey reveals crucial AI literacy training needs among Gen Z workforce 

LONDON, 12 December 2024. Businesses and academia risk assuming that Gen Z students and employees are “AI natives” and must be mindful of Gen Z over-confidence in relation to artificial intelligence (AI) literacy.

GCC region recorded 1,889 FDI projects valued at US$47b in 2023

Dubai, UAE – 27 November 2024: According to the inaugural EY Attractiveness Survey for the Gulf Corporation Council (GCC) region, Foreign Direct Investment (FDI) by international companies reached a record 1,889 projects valued at US$47b in GCC countries in 2023 .

Joe Depa named as EY Global Chief Innovation Officer to lead its global innovation strategy

LONDON, 22 NOVEMBER 2024 – The EY organization announces today the appointment of Joe Depa as the new EY Global Chief Innovation Officer, effective immediately.

MENA M&A activity saw 522 deals valued at US$71.0b in 9M 2024

Dubai, UAE – 17 November 2024: According to the EY MENA M&A Insights 9M 2024 report, the MENA region witnessed an increase in merger and acquisition (M&A) activity with a total of 522 deals amounting to US$71.0b. When compared to the same period in 2023, deal volume this year grew by 9%, while deal value saw a 7% rise.

EY announces alliance with Regnology to drive modernization of regulatory and tax reporting with both a local and global focus

LONDON, 14 NOVEMBER 2024. The EY organization today announces an alliance between Regnology, a leader in regulatory reporting, and EY ifb to give clients access to regulatory and supervisory technologies and solutions to help ensure streamlined compliance and drive large-scale transformations.

EY explores how economic expansion drives tax transformation in KSA

Riyadh, Saudi Arabia - 10 November 2024: EY hosted the KSA Annual Tax and Zakat Seminar 2024 in Riyadh, Jeddah and Al Khobar with the aim of guiding Saudi businesses in navigating the Kingdom’s evolving tax landscape.

MENA IPO outlook remains cautiously optimistic in Q3 2024, with five IPOs raising US$0.93b

Dubai, UAE – 06 November 2024: According to the EY MENA IPO Eye Q3 2024 report, listings in the MENA region marked a significant year-on-year (YoY) increase in value at 76.8%. The third quarter saw five IPOs in the Kingdom of Saudi Arabia (KSA), the United Arab Emirates (UAE) and Egypt with combined proceeds of US$0.93b.

EY study: consumers are focused on getting value for money on connectivity and content

LONDON, 30 OCTOBER 2024. Households are keen on having a “digital detox” with 40% of consumer respondents concerned about the amount of time their household members are spending online.

EY reports global revenue of US$51.2b for fiscal year 2024

LONDON, 17 OCTOBER 2024. The global EY organization (EY) today announces combined global revenues of US$51.2b for the financial year ending June 2024 (FY24), an increase of 3.9% in local currency.

EY and Apptio, an IBM Company, to deliver joint solutions for enterprise technology spend visibility and management

LONDON, 24 September 2024 — The EY organization today announces an expansion of its work with IBM to leverage software from Apptio, an IBM Company.

EY recognized as the 2024 Databricks Financial Services Partner of the Year

LONDON, 19 August 2024. The EY organization announces that it has been named as the 2024 Databricks Financial Services Partner of the Year during the annual Data + AI Summit.

MENA region saw 14 IPOs valued at US$2.64b in Q2 2024

Dubai, UAE – 13 Aug 2024: According to the EY MENA IPO Eye Q2 2024 report, IPO activity in the MENA region remained resilient with 14 IPOs raising US$2.64b in proceeds during the second quarter of this year. The number of IPOs increased from the 13 listings in Q2 2023, with a corresponding increase in proceeds of 45.3% against the comparative quarter.

Yasmeen Muhtaseb appointed EY MENA COO

Dubai, United Arab Emirates – 02 July 2024: EY announces the appointment of Yasmeen Muhtaseb as Chief Operating Officer (COO) across the Middle East and North Africa (MENA) region, effective 1 July 2024. Yasmeen will oversee the business operations and continued integration of the region.

EY MENA to locate its new regional headquarters in KAFD

Riyadh, Saudi Arabia – 25 June 2024: The new EY MENA regional headquarters for the Middle East and North Africa (MENA) region will be located at the King Abdullah Financial District (KAFD) in Riyadh, Saudi Arabia (KSA), opening later this year.