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Saudi Arabia Wins First-Ever Seat in International Auditing and Assurance Standards Board

PIOB announced the selection of Sami bin Mohammad Al-Shorafa, the General Director of the General Department of Financial Statements and Auditors at the Capital Market Authority, to represent Saudi Arabia on the International Auditing and Assurance Standards Board (IAASB) for a period of three years.
PIOB announced the selection of Sami bin Mohammad Al-Shorafa, the General Director of the General Department of Financial Statements and Auditors at the Capital Market Authority, to represent Saudi Arabia on the International Auditing and Assurance Standards Board (IAASB) for a period of three years.
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Saudi Arabia Wins First-Ever Seat in International Auditing and Assurance Standards Board

PIOB announced the selection of Sami bin Mohammad Al-Shorafa, the General Director of the General Department of Financial Statements and Auditors at the Capital Market Authority, to represent Saudi Arabia on the International Auditing and Assurance Standards Board (IAASB) for a period of three years.
PIOB announced the selection of Sami bin Mohammad Al-Shorafa, the General Director of the General Department of Financial Statements and Auditors at the Capital Market Authority, to represent Saudi Arabia on the International Auditing and Assurance Standards Board (IAASB) for a period of three years.

The Public Interest Oversight Board (PIOB) announced the selection of Sami bin Mohammad Al-Shorafa, the General Director of the General Department of Financial Statements and Auditors at the Capital Market Authority, to represent the Kingdom of Saudi Arabia on the International Auditing and Assurance Standards Board (IAASB) for a period of three years, SPA said on Thursday.
This marks the first-ever Saudi seat at the IAASB.
The selection comes as part of the announcement by the PIOB approving appointments and reappointments to both the International Ethics Standards Board for Accountants (IESBA) and the IAASB, which will be effective from January 1, 2024.

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UAE, Serbia Sign Comprehensive Economic Partnership Agreement

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Serbian President Aleksandar Vučić. WAM
UAE President Sheikh Mohamed bin Zayed Al Nahyan and Serbian President Aleksandar Vučić. WAM
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UAE, Serbia Sign Comprehensive Economic Partnership Agreement

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Serbian President Aleksandar Vučić. WAM
UAE President Sheikh Mohamed bin Zayed Al Nahyan and Serbian President Aleksandar Vučić. WAM

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Serbian President Aleksandar Vučić have witnessed the exchange of a Comprehensive Economic Partnership Agreement (CEPA), paving the way for increased trade and investment flows and bilateral private sector collaboration.

Sheikh Mohamed commended the exchange of the CEPA as a key milestone in the relations between the UAE and Serbia.

“The CEPA exchange with Serbia is a notable step forward in our efforts to create a network of trade agreements that will accelerate investment, promote knowledge-sharing, and create opportunities for joint ventures in high-growth sectors,” he said.

“Serbia represents an important addition to the CEPA program and a bridge into the high-potential region of Eastern Europe. The UAE-Serbia CEPA reflects our shared ambition to establish a new era of collaboration between our nations and unlock long-term, sustainable growth for both our economies.”

The Serbian President expressed confidence that the agreement would pave the way for new opportunities in economic cooperation and diversification, fostering sustainable growth and prosperity for both nations.

Once implemented, the UAE-Serbia CEPA is expected to remove or reduce duties on product lines, lift unnecessary barriers to trade, protect intellectual property rights, support small and medium-sized companies, and facilitate mutual investment flows.

The UAE is the third-largest market for Serbian exports in the Middle East, and increased FDI has been directed toward high-priority sectors, including renewable energy, agriculture, food security, infrastructure, and logistics.