EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
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- EY MENA welcomed 106 new partners during FY23
- EY Ripples has impacted almost six million lives since is 2019 launch in MENA
- EY launches global artificial intelligence platform, EY.ai, following a US$1.4b investment
EY celebrates 100 years of operation in the Middle East and North Africa (MENA), having established its first regional office in 1923. The MENA practice of EY has grown to over 8,000 people united across 26 offices and 15 countries.
EY welcomed 106 new partners across the Assurance, Consulting, Strategy and Transactions, and Tax service lines during the 2023 fiscal year (FY23). Overall, a total of 1,902 people were promoted at EY MENA during FY23.
EY MENA continues to strengthen its commitment to developing talent in local communities with the Falcon Program, an initiative to fast-track the career journey of high performing GCC nationals on the path to partnership, currently in the midst of its third year. This Transformative Leadership model supports those with the passion and drive to become the purpose-driven decisionmakers of tomorrow.
Abdulaziz Al-Sowailim, EY MENA Chairman and CEO, says:
“I am very proud of everything our EY people have achieved over the past 100 years in MENA, and most especially this year. We have always harnessed the power of our people and network to create sustainable, inclusive growth for clients as they move from ambition to action. Local governments are continuing to embrace the possibilities of reform – from the cutting-edge technology of smart cities to reshaping the economy with renewable energy – and redefining their influence at an unprecedented speed. It is an exciting time to be supporting visionary policymakers as they showcase the skills, talent, and cultural impact that the region has to offer the rest of the world.”
EY Ripples continues its support of local communities
The corporate responsibility program EY Ripples has seen almost six million lives impacted since its 2019 launch in the MENA region. To build a better working world, EY Ripples focuses on three distinct areas: supporting the next generation workforce, working with impact entrepreneurs, and accelerating environmental sustainability.
Abdulaziz adds:
“We will continue to uphold our purpose of building a better working world not only for the MENA organizations we collaborate with, but the larger communities where we live and work – creating a legacy that is both transformative and timeless in an ever-changing global landscape.”
Investments made in the MENA region
EY has made a number of big investments in MENA over the past 15 years to grow its capabilities and offerings for clients. The expansion of the EY Law in the region offering has allowed clients to benefit from holistic and more efficient financial advisory services with guidance on regulations both locally and cross-border. The Consulting practice has also onboarded Pinnacle Advisory and Consulting Services (PACS) and The Collective to expand client solutions.
EY launches AI platform following US$1.4b investment
The global EY organization launched EY.ai, a unifying platform that brings together human capabilities and artificial intelligence (AI) to help clients transform their businesses through confident and responsible adoption of AI. EY investments of US$1.4b have provided the foundation for the EY.ai platform, which leverages leading-edge EY technology platforms and AI capabilities, with deep experience in strategy, transactions, transformation, risk, assurance, and tax, all augmented by a robust AI ecosystem.
Significant progress in reducing absolute emissions
Globally, significant progress is being made on a science-based decarbonization plan, which includes increasing the use of renewable energy and leveraging technology for real-time carbon tracking, as EY remains on track to achieve the ambition of becoming net zero in 2025. The EY organization has reduced absolute emissions globally by more than 43% against a FY19 baseline.
EY people will continue to work together both within the MENA region and with colleagues across the globe to create more sustainable, inclusive growth through collaboration across the organization as well as with alliance partners and local governments.
EY remains a leader in sustainability solutions with the EY Climate Change and Sustainability Services (CCaSS) teams experienced exceptional combined revenue growth of over 40% during FY23. In addition, EY was recently ranked No.1 in climate change consulting by independent analyst firm Verdantix.
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About EY
EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.
Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.
Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.
The MENA practice of EY has been operating in the region since 1923. Over the past 100 years, we have grown to over 8,000 people united across 26 offices and 15 countries, sharing the same values and an unwavering commitment to quality. As an organization, we continue to develop outstanding leaders who deliver exceptional services to our clients and who contribute to our communities. We are proud of our accomplishments over the years, reaffirming our position as the largest and most established professional services organization in the region.
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This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, legal or other professional advice. Please refer to your advisors for specific advice.
This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.