The firm said it expected significant growth in Middle East business over the coming five years.
Ahmed Al-Aiban, chairman and chief executive of E&Y Middle East, said the firm felt there would be ‘substantial demand’ for its services in the Iraqi market.
‘We are happy to be back in the Iraqi market as Iraq holds a lot of sentimental value for us,’ Al-Aiban added.
E&Y began its operations in the Middle East in 1923 when it opened its first Baghdad office. It now has 1,800 staff in the region with operations in 12 Arab countries.
Nick Land, UK chairman of Ernst &Young, currently in Dubai, said: ‘The Middle East represents a fast growing and sophisticated commercial region which requires the right business advisory services founded on the highest standards of quality and risk management.’
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