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Deloitte sees ME revenue up 15%

18 Sep 2010

(MENAFN) Deloitte, a leading international accounting and consulting firm, said its revenue in the Middle East region surged 15 percent, thus marking one of the highest growth rates for the entire network.

The company said its aggregate member firm revenues for the fiscal year ended 31 May 2010 grew to hit $26.6 billion. Aggregate revenues were up 1.8 percent in US dollars and remained essentially unchanged in local currency.

Aggregate business volume increased from the prior year, while rates remained constrained by the challenging economic conditions. Compound aggregate growth for FY2005-2010 was 7.8 percent.

The Middle East region achieved one of the highest growth rates for the Deloitte network at 15 per cent, said Deloitte & Touche (ME) chairman and chief executive Omar Fahoum.

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