Onyx Financial Consulting

https://www.aleqt.com/2020/12/20/article_1995731.html #.X9-lGoGrVhs.whatsapp

المدير المالي الحديث .. معالجة الأرقام وجداول البيانات وحدها لا تكفي ارتفع متوسط عمر كبير الإداريين الماليين عند لحظة التوظيف في الولايات المتحدة في الأعوام الأخيرة. وصل في 2018 إلى أقل من 49 عاما بقليل، لكن عددا قليلا من الأفراد يؤكد هذ....

https://www.aleqt.com/2020/12/20/article_1995731.html #.X9-lGoGrVhs.whatsapp

https://www.bloomberg.com/news/articles/2020-10-08/small-business-how-to-launch-a-business-during-the-coronavirus-pandemic

How to Launch a Pandemic-Proof Business The fallout from Covid-19 torpedoed his shuttle service. So Trent Griffin-Braaf decided to start a new business.

https://www.businessinsider.com/pwc-consulting-pandemic-telecommuting-future-of-work-trends-2020-8

A PwC exec says the global pandemic has accelerated the future of work by 5 to 10 years "I think the pandemic took us five to 10 years ahead in the future of work," said David Clarke, PwC's digital strategy and innovation leader.

عملائنا الكرام 😍🌺
عدنا للعمل من جديد ، نعتذر إغلاق المكتب في الايام الماضية نظراً للظروف الاستثنائية التي شهدناها
دوام العمل من السبت حتى الخميس 🌺
من الساعة 9 صباحاً حتى 6 مساءاً 🤗

Onyx's team wishes you a happy and blessed Ramadan.

Onyx's team wishes you a very happy Eid Holiday.

Onyx Financial Consulting’s Financial Management and Reporting Services team is able to provide management who are in need of accounting solutions, with accurate and reliable financial data, in order to avail all the tools necessary for the management to make informed decisions related to their operations.

Market Research: Small to medium-sized enterprises (SME’s) major challenges and contribution in the Saudi Arabian Economy

According to market research, small to medium enterprises (SME’s) are considered as a vital component of the potential of the Kingdom’s economy. They provide a valuation platform of employment opportunities to the growing young population, improving productivity and assist in the overall government initiative of diversifying the economy. Currently SME’s constitute more than 90% of all businesses in the Kingdom of Saudi Arabia.

Accordingly to the Organization of Economic Cooperation and Development (OECD) in developed economies, SME’s contribute a great deal to the overall economy, contributing more than 50% of the country’s GDP and over 65% of total employment. As an example, SME’s contribute more than 64.3 % to the country total GDP in Spain while it contributes approximately 44% in Austria.

Though the total SME’s market constitute more than 90% of the total number of business in Saudi Arabia, they constitute only 33% of the total GDP, and 25% of the total employment, showing a clear lag behind when compared to development economies.

Small to medium enterprises (SME’s) are considered a vital component to the potential of the Kingdom’s economy. According to Zaywa, a regional search engine, as of 2015 there are approximately 2.5 million SME’s in Saudi Arabia (i.e. registering a Compound Annual Growth Rate of 13% over a two year period).

Based on a report published by Citi Foundation, SME’s in the GCC face the following key challenges: as follows:

Increase in risks of lending: Due to challenges phased by SME’s, local banks have less incentives to increase credit extended to the SME sector (i.e. banks cannot be expected to give SMEs a larger share of their lending portfolios).

Lack of Training and Development: There is lack in training and development initiatives to upgrade entrepreneurial and technical skills.

Market Linkages: There lies lack in linkages in SMEs to supply chains and to the vast potential business and community development opportunities and investment projects that will ensure the growth and sustainability of SMEs.

Lack of business support services: There is a general lack of customized, robust and sustained business solutions, including market information, marketing, management and finance, strategic planning and technology to support the business skills and knowledge of the SME’s management.

The following article summarizes some of the benefits of outsourcing your bookkeeping process.

https://smallbusiness.yahoo.com/advisor/top-7-benefits-outsourcing-bookkeeping-operations-132051856--finance.html

Top 7 Benefits of Outsourcing Your Bookkeeping Operations

According to a guideline collectively issued by the Society of Management Accountants of Canada, the American Institute of Certified Public Accountants, and the Chartered Institute of Management Accountants, the use of finance and accounting outsourcing continues to increase throughout various regions of the world. The following article shares with you some of the benefits of outsourcing of the accounting function.

http://www.forbes.com/sites/xerox/2013/07/12/the-benefits-of-outsourcing-finance-and-accounting/

XeroxVoice: The Benefits Of Outsourcing Finance And Accounting By Joe Mullich Finance and accounting (F&A) was one of the first processes that companies outsourced, and the practice continues to boom: Ed Thomas, an analyst for O**m research, found the number of F&A outsourcing projects valued at $1 million or more increased in 2012 compared to the year…

Onyx Financial Consulting Real Estate Advisory Team is a team of seasoned consultants with advisory experience ranging from large multi-billion dollar mixed use developments to one asset type projects in Saudi Arabia. Our Advisory services include market study supporting engineers in articulating the conceptual designs, master plan development briefs and project recommendations and financial evaluation across all sectors of the real estate market.

Onyx’s Real Estate Advisory Team’s high level assessment of the Saudi Arabia new tax law on “white plots”, i.e. vacant land implications on the sector.

Over the past couple of years, real estate land sales in Saudi Arabia became somewhat governed by speculation, which resulted in elevated land pricing in many prime locations within the main cities of Saudi Arabia. Currently land price constitutes nearly 40% of the total construction costs, where the international average is 25%. Homeownership in Saudi Arabia is currently 30%, which is quite a low figure when compared to the other GCC nations, developed economies and the international average of 70%.

The introduction of the tax on vacant, “white plots” of land, is expected to ease the monopoly on real estate land, reduce land prices, which will in the medium term facilitate home ownership to many. Speculators believe that this might even lead to a drop in residential rents.

The tax is expected to encourage land owners and developers to undertake projects, which are expected to address a certain portion of the increasing gap for housing units.

Like many market participants, we believe that the impact of the law cannot easily be quantified, however, the law is an important decision towards addressing the shortage of affordable housing and regulating the market.

Jeddah moves toward becoming a smart city The tone of truth and moderation

Whether you are an individual looking into organizing or assessing your personal expenses, or a business in need of calculating key financial ratios for your company, Onyx Financial Consulting Calculators can assist you in the best possible manner.

Visit our website, in order to gain access of our financial calculators covering a wide range of “problem solvers”, related to cash flow, credit, mortgage finance, retirement, savings, and business related ratios and solutions.

Click on the following link and enjoy the benefits of using our calculators immediately.

http://www.onyxfc.com/calc-section.php

Onyx Financial Consulting Jeddah, Financial Consulting and Accounting Outsourcing Firm |... Take a look at our Calculators page. Onyx Financial Consulting is a full service tax, accounting and business consulting firm located in Jeddah, Saudi Arabia.

Top 100 richest Arabs’ wealth totals $174.37b The tone of truth and moderation

CMA to release rules for foreign financial institutions investment in listed shares | Economy |... The tone of truth and moderation

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Our services and how to contact us are all on there! We will be happy to hear from you soon!