Kreston completes Palestine presence with Gaza based Kanaan Firm

13 December 2017 3 min. read

Kanaan Firm, an accounting and advisory firm based in Gaza, has joined the Kreston' network as a member firm, adding to the firm’s existing Palestinian presence in West Bank. 

Established in 1998, Gaza-based Kanaan Firm provides auditing, accounting and advisory services to the businesses in Palestine’s Gaza Strip. By joining Kreston’s network –  the 12th largest accounting network in the world with a presence in 113 countries and the 14th largest in the Middle East – Kanaan Firm expects to ramp up the maturity of its service portfolio and operations. Bassam Ahmed, General Manager of the Palestinian accountancy, said, “Through our membership, we look forward to marketing our services under Kreston’s distinguished umbrella, raising the Kreston profile across the region and to working with our fellow members to be consistent in our knowledge sharing, quality control procedures and professional support.”

Kanaan Firm, since 1999 licensed by the Arab Society of Certified Accountants as well as the Palestinian Association of Certified Public Accountants, and Kreston, founded in 1971, are not new to each other – the local firm joined Kreston as a correspondent in 2015. “We are honoured to now be a full member of the Kreston International network,” said Ahmed. In delivering its services in the region, Kanaan Firm works closely with Kreston’s other member firm in Palestine, Audeh Jibreel, which is based in the city of Ramallah in the West Bank. 

Gaza based Kanaan Firm joins Kreston International

“We believe in the necessity of an integrated performance on both sides of the 'Palestinian Territories'. Based on this approach and our network, we can offer comprehensive services, which meet the needs of the Palestinian market with its exclusive nature, in the shadow of the regional and international variables,” Ahmed added.

Among the main services Kanaan Firm offers are accounting services such as bookkeeping, payroll and financial reporting, audits in the area of finance, operations, technology and quality, as well as tax (VAT, indirect taxes and local corporate taxes) and consulting (strategy, organisation, marketing, finance and human resources). “Our portfolio spans a wide range of professional services, provided through the most suitable working teams.”

Commenting on the addition, Jon Lisby, the CEO of Kreston, said: “We are delighted to welcome Kanaan Firm as another quality member and to extend our coverage in Palestine.”

With the addition of 113 countries, Kreston now has an on the ground presence in all states/countries in the surrounding Middle East region. In neighbouring Lebanon the firm works together with Beirut-based H&H Associates, while the firm’s Israeli footprint comprises three offices: one in Tel Aviv (‘Joseph Lipsky & Co), one in Ramat Gan (‘Kreston IL’), and one in Nesher (also ‘Kreston IL’). Jordan is covered by Amman-based International Professional Bureau for Auditing, and Egypt is served through Kreston CG, which is located in Cairo.

Earlier this month, international advisory firm Accuracy expanded into the Middle East with an office in Dubai, eight months after German supply chain consulting firm Miebach Consulting also established a foothold in the emirate.