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UHY STRENGTHENS PRESENCE IN THE MIDDLE EAST: NEW MEMBER FIRM IN EGYPT JOINS THE UHY NETWORK

July 16, 2019

UHY STRENGTHENS PRESENCE IN THE MIDDLE EAST: NEW MEMBER FIRM IN EGYPT JOINS THE UHY NETWORK

We welcome two full member firms to the global accountancy network UHY, extending our coverage within the Middle East region: United For Auditing, Tax, Advisory & Financial Services, and in Alexandria, Waled Mounir and Muhammad Arafa. The firms are in the process of adopting the UHY branding and will soon be known as UHY United For Auditing, Tax, Advisory & Financial Services and UHY Waled Mounir and Muhammad Arafa respectively.

Our primary office in Cairo, United For Auditing, Tax, Advisory & Financial Services, with a team of 27 staff including four partners, previously partners with Big 4 audit firms, bring together over 30 years of professional and wide-ranging experience in audit, tax, advisory and transaction services to a portfolio of domestic and international clients primarily represented in the banking & financial services, construction, manufacturing, oil & gas and tourism sectors.

Managing partner, Nabil Istanbouli of United For Auditing, Tax, Advisory & Financial Services comments: “Being part of the UHY global network underpins our own values, commitment to deliver quality services and our vision of partnering with our clients to provide agile and practical solutions. We look forward to elevating our business through a successful cooperation with other member firms operating within Egypt and the wider UHY network.”

Based in Alexandria, Waled Mounir and Muhammad Arafa, established in 2013, brings further wide-ranging experience in audit, accounting, tax, insolvency and corporate recovery, corporate finance and consultancy services to a diverse portfolio of primarily clients represented in the construction, logistical solutions, shipping and transport sectors. The firm’s partners founded a not-for-profit organisation AAIA, an Association of Accountants and Internal Auditors, supporting companies in the Arab world with qualified accountants and internal auditors.

Managing partner, Waled Mounir of Waled Mounir and Muhammad Arafa comments: “We are committed to provide the necessary competitive resources to help our clients operate more efficiently in a global market place. The global presence of the network combined with the expertise and knowledge of UHY’s 8,100 colleagues around the world will also enhance those of our clients and their operations.”

Rick David, chairman of UHY comments: “Egypt as a country has seen many welcomed reforms recently to stabilize and strengthen its economic position driven by public investments, private consumption, and exports of goods and services. We are delighted to welcome to the UHY network two new member firms in Egypt, equally enthusiastic, entrepreneurial and keen to join their efforts.

The firms will greatly extend our footprint in the Middle Eastern region and strengthen UHY’s regional market expertise, enhance our values and capabilities to serve our international clients who have investments and a business presence in this country and the wider region.”

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