Driven by "Make it in the Emirates" and Operation 300bn, the UAE is pivoting toward advanced manufacturing and export-led growth.

The Delhi High Court (HC), on June 18, 2026, in Ernst & Young U.S. LLP (EY US) has, inter alia, ruled that in the given facts, EY US retained ‘lien’ over seconded employees in India and cost-to-cost reimbursements of such seconded employees were taxable as Fees for Technical Services (FTS) under both Section 9(1)(vii) of the Income-tax Act, 1961 (Act), and Article 12 of the India–US Tax Treaty (Tax Treaty).

The “Monthly Recap” is A&M’s monthly newsletter providing a concise overview of EU and Dutch tax developments.

Modern-day banking is a story of interfaces. But with the rise of agentic AI, the question becomes, "Who are you targeting when your human customer owns the account, but their agent is making 80% of their routine financial decisions?"

The latest Alvarez & Marsal (A&M) Distress Alert indicates that businesses are entering this shaky period from a vulnerable financial position. The data shows that financial distress among European corporates reached a four-year high in 2025, driven primarily by earnings weakness.

Saudi Arabia's Aerospace & Defense ambition under Vision 2030 is reshaping the Kingdom's industrial base. As localization accelerates, the focus is shifting toward indigenous engineering capability, industrialization, and long-term defense sovereignty.

The One Big Beautiful Bill Act introduces Trump Accounts, a new tax-advantaged savings vehicle for children. While Trump Accounts offer federal seed funding and tax-deferred growth, taxpayers should carefully consider the associated gift tax implications, state tax treatment, and contribution strategy until further guidance is issued.

Sector experts Claudia Lotti and Francesco Leone join as Managing Directors to co-lead A&M’s Financial and Operational Restructuring team in Milan

The new announcement revises the filing timeline for BOI progress reports. BOI-promoted companies must now submit progress reports quarterly, from the date the BOI promotion certificate is issued until the project receives approval for official commencement of operations.

A&M's Infrastructure & Capital Projects team examines how demand is broadening beyond energy into power, digital, water, defence, logistics, and industrial resilience.

Ashley Churchman, Director with A&M Disputes and Investigations, moderated a panel session titled “Navigating Financial Regulations,” discussing the overhaul of the English Premier League’s financial rules and other developments affecting clubs, lenders, and advisers in 2026.

UAE VAT Alert (June 2026): FTA’s Education Sector Guide (VATGED1) interprets zero‑rating for qualifying educational services strictly and narrowly, misclassification can create significant VAT exposure. Only QEIs delivering a Qualifying Curriculum qualify; most other supplies default to 5% unless exempt. Includes quick-reference on tuition, related goods/services, accommodation, transport, healthcare, grants, and input tax recovery, plus prioritized actions.

The latest edition of the Saudi Arabian Banking Pulse analyzes the Q1 performance of the Kingdom's ten largest listed banks. The quarter underscored the resilience of the banking sector, supported by healthy loan growth, stable margins, and easing credit costs.

The latest edition of the United Arab Emirates (UAE) Banking Pulse analyzes the Q1 performance of the country’s ten largest listed banks. The quarter was marked by strong balance sheet growth, improved asset quality, and resilient profitability

A&M has launched AI-Enabled Zero-Based Optimization to help private equity teams simplify workflows, reduce rework, and drive measurable EBITDA improvement.