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Moody’s has recently lowered Bahrain’s long-term issuer rating by two notches to B1, from Ba2, and maintained the “negative” outlook. Before venturing into how this will impact the Bahrain’s economy, we need to understand first what is meant by credit ratings. A credit rating is an assessment of an entity’s ability to pay its financial … Read more
Point of sale software, or POS software for short, have revolutionized the restaurants industry, particularly the fast food sector. Aldelo is one of the best POS software which contains many features that restaurant owners will find useful in running their business. One of the best features in Aldelo which sets it out amongst other restaurant … Read more
Obtaining and utilizing a point of sale system may seem like a hectic mess that would cost you a substantial amount of money that may be used elsewhere, however, upon further evaluation, the point of sale system will benefit you and your business remarkably. To begin with, there are two categories of systems, one which … Read more
Managing a salon comes with a unique set of challenges. Booking appointments, managing inventory, tracking sales, and scheduling room bookings are all part of the day-to-day activities of a salon. Perhaps one of the most difficult aspects of a salon business to manage however, is the control of consumables used to perform services. Consumption of … Read more
What is Salon Iris? Salon Iris is a management software for beauty salons and spas. Salon Iris acts as a POS (Point of Sale) and includes customer engagement functions as well, and it will guide your businesses to increase profitability. Even if the salon was closed Salon Iris will allow customers to book appointments … Read more
Value-Added Tax (VAT) is coming to the GCC in 2018. This will undoubtedly have a direct impact on business operations across the region. Is your business ready for the change? What is VAT? A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of general consumption tax … Read more
What is a Feasibility Study? A feasibility study is conducted in order to determine the success and minimize the risks related to the project. When it becomes certain that the specific project could be carried out profitably, it is only then it could be implemented. The feasibility study is not merely a project research, but … Read more
The feasibility study is the important step in any software development process. This is because it makes analysis of different aspects like cost required for developing and executing the system, the time required for each phase of the system and so on. If these important factors are not analyzed, then definitely it would have impact … Read more
Saudi Arabia’s Department of Zakat and Income Tax has recently published its Value Added Tax Implementing Regulations. Although regulations in other GCC countries may vary slightly, it is safe to assume that the overall VAT structure will be similar if not identical across all GCC countries. Main Highlights Exempt Transactions To many companies, the introduction … Read more