Finance Archives - Ahmad Alagbari Chartered Accountant

11 Apr, 23

HOW CAN ACCOUNTANTS USE CHATGPT

HOW CAN ACCOUNTANTS USE CHATGPT In today’s world a new wave of software is making ground-breaking history. ChatGPT, from AI startup Open AI, is an AI-powered chatbot whose level of sophistication has taken the business world by storm like no other chat platform before it. What is Chat GPT? ChatGPT is an Artificial Intelligence (AI) […]

03 Oct, 22

LETTER OF CREDIT -TRADE FINANCE SOLUTION

WHAT IS A LETTER OF CREDIT? A Letter of Credit (LC) is a document issued by a bank or other financial institution to another party that provides evidence of financial obligations. It can be used in international trade between parties who have no direct contact, such as buyers and sellers that do not have a […]

16 Sep, 22

UAE-Dubai Government Issues New Law on Musataha Rights Over Commercial Lands

Government of Dubai has issued Decree No. 23 of 2022 (the “Decree”) to control the granting of Musataha rights in the Emirate of Dubai in July 2022. Purpose of the Decree The objective of the Decree is to regulate & control the use of commercial and industrial land in the Emirate and to enhance investments […]

02 Aug, 22

NEW DUBAI REAL ESTATE LAW TO BOOST PROPERTY INVESTMENTS

Property is a vital sector of Dubai’s economy that has been performing well. In June 2022, the Dubai real estate market recorded AED 22.7 billion sales – highest sales figures in the last 13 years – and reaching almost 71 percent of the total 2021 sales volume, according to Dubai Land Development (DLD) data revealed. […]

28 Jul, 22

GUIDE TO INVOICE DISCOUNTING

What is Invoice Discounting? Invoice Discounting refers to the form of the invoice financing where the businesses borrow the money in the form of a loan from the finance company by keeping the amounts due from customers as the collateral, i.e., accounts receivable from the customer is used as the collateral for the loan and […]

27 Jul, 22

WHY AND WHEN TO DO CHEQUE DISCOUNTING

WHY AND WHEN TO DO CHEQUE DISCOUNTING? Are your cheques drawn from reputable organizations? Do you need to boost your liquidity for sustained operations in your business? Cheque discounting solution enables you to access cash for your business requirements while you wait for your cheque(s) to clear. In today’s business environment, high liquidity is particularly […]

26 Jul, 22

UAE Bounced Cheques and Fines: You Need to Know in 2022

In the UAE, the cheque bounce is a very frequent problem faced by people during their span in the country. Bounced cheque issues may arise in a variety of commercial transactions, including but not limited to, companies’ exchanges, bank loans, property rents or purchases and individual transactions. When the cheque issued gets bounced/ returned, or […]

22 Apr, 22

WHY AND HOW TO DO BUSINESS VALUATION

“Valuing a business is part art and part science.”— Warren Buffett WHY YOU NEED A BUSINESS VALUATION Understand Potential for Growth Ensure Proper Protection of Your Asset Develop a Succession or Sale Plan For Buy-Sell Agreements with Partners To Work with Lenders Strategize for Future Acquisitions THREE BUSINESS VALUATION METHODS Business valuation is the process […]

20 Apr, 22

THE GAME OF CHESS AND BUSINESS

Game of chess is a Mind Game and you have a picture of how the whole game will play out. Chess and business both involves a lot of strategies. business strategists can learn from each and every piece in the game of chess. CHESS A MENTAL GAME You sit in a chair, staring at a chess […]

18 Apr, 22

HOW TO LIQUIDATE COMPANY IN THE UAE

HOW TO LIQUIDATE COMPANY IN THE UAE The legal procedure by which the corporate life of a company is brought to an end is known as liquidation, which may be defined as “The termination of legal existence of company by closing its business.” On liquidation, a company’s business license is revoked, its name is removed from […]

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