New Age Finance and Accounting Summit reveals that leading with AI is impacting frontiers in finance

New Age Finance and Accounting Summit 2024

The New Age Finance and Accounting Summit, organized by Khaleej Times at Kempinski Central Avenue in Dubai, brought together industry experts, financial analysts, and finance leaders to discuss the evolving landscape of corporate finance and banking. The event, held on May 29, 2024, featured keynote speeches, panel discussions, and insights into emerging trends impacting the financial sector.

The summit emphasized innovative approaches and cutting-edge practices that are transforming the finance world. Attendees engaged in discussions on artificial intelligence (AI), data analytics, digital transformation, and sustainability. These topics are crucial as they significantly impact today’s finance and accounting practices.

Ravi Tharoor, CEO of Khaleej Times, opened the event by highlighting the role of continuous innovation and technology in driving the current financial landscape. He stressed the importance of AI in revolutionizing decision-making, efficiency, and strategic foresight. Tharoor encouraged participants to explore how AI and machine learning are reshaping the tasks of accountants and driving financial and technological excellence.

One of the key speakers, Adib Zoghbi, Global CFO of Enterprise Customer Solutions at Baker Hughes, delivered a presentation titled "Tomorrow’s CFO: Navigating the Future of Finance and Accounting." Zoghbi emphasized that the rapid adoption of AI represents a paradigm shift in data, insights, and decision-making. He stated that agility, adaptability, and transformative technologies are essential for staying competitive, and those who embrace AI will gain a significant edge in the industry.

Armin Moradi, Founder and CEO of Qashio, praised the summit for bringing finance leaders together to discuss progressive topics and necessary actions for advancing the industry. He underscored the importance of organizing financial health for businesses, as it is the lifeline of any organization.

Tamer Abomosalam, Group CFO of Emaratech, shared his satisfaction with the industry's harmony, noting that shared challenges and goals among professionals foster a sense of confidence and collaboration. He emphasized the need for cross-generational collaboration to overcome industry challenges.

Fadi Sabbah, CFA, Director of Finance at Al Futtaim Group Real Estate, moderated a panel discussion on upskilling finance functions. He highlighted the positive feedback from top executives, who would take valuable insights back to their teams.

Arun Sadagopan, Sales Director for MEA at Jedox, discussed the impact of global trends on businesses and the need for finance leaders to balance short-term margins and long-term growth. He stressed the importance of data-driven planning and cross-organizational collaboration.

Shereen Chalak Maalouf, CFO of Microsoft UAE, moderated a panel on the pivotal role of women in finance, emphasizing the progress towards closing the gender gap and promoting diversity and inclusivity. She highlighted the inspiring perspectives shared at the event and the ongoing evolution of the finance industry.

Overall, the New Age Finance and Accounting Summit provided a platform for professionals to network, share insights, and gain valuable knowledge. The event underscored the importance of embracing technological advancements and innovative practices to stay ahead in the rapidly evolving financial industry.