{"id":69224,"date":"2026-04-10T16:59:57","date_gmt":"2026-04-10T12:59:57","guid":{"rendered":"https:\/\/blog.dubaicityguide.com\/site\/?p=69224"},"modified":"2026-04-10T16:59:57","modified_gmt":"2026-04-10T12:59:57","slug":"the-uae-will-bounce-back-from-the-current-situation-indian-consul-general-tells-icai-dubai-members-as-the-new-leadership-team-starts-journey","status":"publish","type":"post","link":"https:\/\/blog.dubaicityguide.com\/site\/the-uae-will-bounce-back-from-the-current-situation-indian-consul-general-tells-icai-dubai-members-as-the-new-leadership-team-starts-journey\/","title":{"rendered":"The UAE Will Bounce Back From The Current Situation, Indian Consul General Tells ICAI Dubai Members As The New Leadership Team Starts Journey"},"content":{"rendered":"

The UAE<\/a> has the audacity to defy uncertainty by strengthening its bond with the international community, make them part of its development and it will ride out the current situation faster than expected, HE Satish Kumar Sivan, Indian Consul General, Dubai and Northern Emirates<\/strong>, told the Dubai Chapter of the Institute of Chartered Accountants of India (ICAI)<\/strong> \u2013 the largest professional organisation in the UAE.<\/p>\n

\u201cIndia has been an integral part of the UAE. Non-Resident Indians (NRIs) form around 40 per cent of the UAE who call the country their home. That\u2019s why NRIs are one of the few communities that are staying back in the middle of the regional conflict as they feel at home in the UAE,\u201d Mr Satish Kumar Sivan<\/strong> told more than 500 accounting professionals attending a gathering in Dubai.<\/p>\n

\u201cAdversity is not new to Dubai or the UAE. The country boldly faced the Global Financial Crisis of 2008, the COVID-19 pandemic and came back strong from every crisis. This time also the country will bounce back from the current situation faster than one could think.\u201d<\/p>\n

He said, when the conflict broke out on February 28th, the Indian Consulate and Indian Embassy reached out to the community.<\/p>\n

\u201cWhen we wanted to engage with the community, the first group of professionals that came to our mind was the Chartered Accountants, who have a better understanding of the situation than others,\u201d Mr Sivan<\/strong> said. \u201cFrom you, we have received some valuable inputs that we have passed on to the Government. In time of crisis it is the accounting professions who know how to navigate out of the situation.\u201d<\/p>\n

The Institute of Chartered Accountants of India (ICAI), Dubai Chapter<\/strong>, has recently elected its new Managing Committee for the 2026\u20132027 term to be led by CA Rishi Chawla the new Chairman<\/strong> who will be supported by CA Amit Khaitan as Vice Chairman<\/strong>, CA Aashna Mulgaonkar as Secretary<\/strong>, and CA Sanjay Gagarani as Treasurer<\/strong>.<\/p>\n

CA Rishi Chawla, Chairman of ICAI Dubai Chapter<\/strong>, said, \u201cThe role of the accounting professionals are becoming crucial, especially in an evolving world with so much uncertainty and disruptions. Their role is becoming central to the survival of businesses as they are the financial engineers who know how to lead organisations out of crisis. That\u2019s why, we have undertaken a number of steps to communicate with our members and the industry to share knowledge, adopt technology in order to lead through uncertainty.\u201d<\/p>\n

With more than 3,200 members, ICAI Dubai Chapter is the largest business group in the UAE. Established in 1982, it is also the largest, most active and award-winning chapter among the 54 overseas chapters of ICAI. It has registered a phenomenal growth in membership has exceeded 3,200 members who represent more than 1,550 multinationals and other companies.<\/p>\n

The newly appointed committee assumes leadership at a time when the UAE\u2019s financial and corporate landscape is undergoing rapid evolution, with increasing emphasis on governance, tax compliance, and strategic financial leadership. The newly constituted committee will further strengthen the Chapter\u2019s role as a hub for professional excellence, industry collaboration, and knowledge exchange within the UAE\u2019s growing financial ecosystem.<\/p>\n

Anil Mohta, a Chartered Accountant and Group Chief Financial Officer of DP World<\/strong>, said, \u201cDisruption is no longer an exception, it has become the operating environment. We are seeing disruptions that are more frequent, increasingly overlapping and prolonged enough to reshape how supply chains operate.<\/p>\n

\u201cFor finance leaders, that changes the conversation fundamentally. Supply chain risk is no longer an operational issue \u2013 it is a financial one. Finance now sits at the centre of decisions on \u2013 liquidity management, capital allocation and resource prioritisation under uncertainty. Time becomes money in disruption \u2013 delays affect revenue timing, margins and cash cycles.<\/p>\n

\u201cFor financial leaders, the goal isn\u2019t to avoid disruption \u2013 that\u2019s not realistic. The goal is to be ready for it \u2013 in the balance sheet, in capex flexibility, in how we manage cash, inventory, customer and supply terms. Resilience is no longer just an operational capability \u2013 it is a financial discipline.\u201d<\/p>\n

As the UAE strengthens its position as a global business hub, the Institute of Chartered Accountants of India (ICAI), Dubai Chapter remains committed to supporting its members through continuous professional development, thought leadership initiatives, and strategic partnerships aligned with the nation\u2019s long-term vision.<\/p>\n

ICAI is the largest professional body of Chartered Accountants across the world with over 1,000,000+ students and around 450,000+ members. ICAI has a wide network with five Regional Councils, 176 Branches, 54 Overseas Chapters, and 31 representative offices across the globe. And among 54 overseas chapters, ICAI Dubai Chapter is the largest and most vibrant chapter of ICAI. Of the 8,000 Indian Chartered Accountants active in the UAE\u2018s private sector, 1,400+ are currently leading businesses in senior positions.<\/p>\n

ICAI Dubai Chapter, established in 1982, is the most active and award-winning chapter among the 54 overseas chapters of ICAI. It has registered a phenomenal growth in membership in recent years and currently has over 3,000 members representing more than 1,550 multinationals and other companies.<\/p>\n","protected":false},"excerpt":{"rendered":"

The UAE has the audacity to defy uncertainty by strengthening its bond with the international community, make them part of its development and it will ride out the current situation faster than expected, HE Satish Kumar Sivan, Indian Consul General, Dubai and Northern Emirates, told the Dubai Chapter of the Institute of Chartered Accountants of […]<\/p>\n","protected":false},"author":1,"featured_media":69225,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-69224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/69224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/comments?post=69224"}],"version-history":[{"count":1,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/69224\/revisions"}],"predecessor-version":[{"id":69226,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/69224\/revisions\/69226"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media\/69225"}],"wp:attachment":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media?parent=69224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/categories?post=69224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/tags?post=69224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}