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Publish Date : 20-Feb-2013

HE Dr. Talal Abu-Ghazaleh, chairman of the global provider of professional services and education group, Talal Abu-Ghazaleh International (TAGI) and Mr. Geoff Goodyear, chairman of global accounting and audit network Russell Bedford International, have announced the signing of a Memorandum of Understanding (MoU) between their two organisations.

Updating their existing cooperation agreement, this new commitment will further enhance both groups’ capabilities in supporting international organisations, multilateral agencies, and national governments in their respective markets, and in together pursuing major new business and tender opportunities worldwide. The terms of the agreement also allow TAGI, which has 80 offices and a leading market presence in the Asia and Africa, to leverage Russell Bedford’s 120 member and correspondent firms and 280 offices in its key markets in Europe, the Americas and Asia-Pacific.

Dr. Abu-Ghazaleh commented: “We have been delivering highly complex assignments in some of the world’s most challenging environments for more than 40 years. Russell Bedford’s experience in the emerging markets matches our own here – experience which makes them the ideal partner with whom to expand our services beyond the Arab World.”

Mr. Goodyear added: “We are delighted to have renewed and expanded upon our relationship with TAGI. Closer cooperation will allow us to jointly exploit our respective connections and skills to enlarge the auditing and consulting opportunities for both organisations, particularly in the aid-funded international development sector.”

Both groups are full members of the IFAC Forum of Firms, the association of international audit networks whose goal is to promote consistent and high quality standards of financial reporting and auditing practices worldwide.

Talal Abu-Ghazaleh & Co. International (TAGI) - Established in 1972, Talal Abu-Ghazaleh International (TAGI) is a global provider of professional services and education. Operating through 80 offices throughout the world, the firm advises international and Pan-Arab governmental funding organisations, as well as leading companies in banking, industry, insurance and commerce. It has been a member of the IFAC Forum of Firms (FOF) since 2008 and remains the organisation’s only Arab network on FOF.

About Russell Bedford International - Established in 1983, Russell Bedford International is a global network of independent firms of accountants, auditors, tax advisers and business consultants. Ranked amongst the world’s leading accounting and audit networks, Russell Bedford is represented by some 460 partners, 5000 staff and 280 offices in more than 90 countries in Europe, the Americas, the Middle East, Africa and Asia-Pacific.

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