The past couple of years have demonstrated how resilient, adaptable, and creative every industry has become in response to the ongoing stressors. 86% of the business leaders we have surveyed this year feel more confident in their ability to innovate as compared with pre-pandemic. This buoyant mentality is further reflected in their agendas. New product and service launches, emerging technology investments, innovation around talent management and sustainability are among their top-cited priorities.

The National Bureau for Revenue (NBR) has issued new guidelines in relation to the increase in the standard rate of VAT from %5 to %10 with effect from 1 January 2022.

It’s been an interesting exercise to conduct research with clients and business leaders across the globe these past few months. We have just launched our annual global survey of business leaders last week, exploring how executives intend to Achieve their post-pandemic vision to be leaner, greener and keener.

For millions of people around the world Covid-19 the infectious disease triggered by coronavirus has been considered as global pandemic by the World Health Organization (WHO). It’s totally 360-degree life changing to everyone. (business, personal, professional & physical).

The global advisory and accounting network, is proud to announce that it has been named ‘Network of the Year’ at the 2020 Digital Accountancy Awards. The award was presented at the virtual ceremony which took place on 30 September.

The government of Bahrain has set up a committed National Task Force for Combating the Coronavirus and its associated ministries and authorities to handle and implement strategies to limit both the spread of Covid-19 and its impact upon Bahrain’s economy. Spearheaded by the National Task Force, Bahrain conducted a random testing to its residents and expatriates (one of the world’s highest testing rates per capita as acknowledged by the World Health Organization) and has set up an isolated treatment or quarantine facilities. Furthermore, the government of Bahrain is supporting individuals and companies through a comprehensive US$11.4bn economic stimulus package in its aim to stabilise the economy.

The number of confirmed coronavirus cases is likely to surpass the 1.5 million mark this week and the impact on society and the economy is massive. The stock markets had their worst quarter in 30 years and business activity has steeply declined. It is devastating to hear our clients tell us their revenue streams have drop by 80% in a weeks’ time. And this is affecting a wide range of industries. But if there is one good thing coming out of the COVID-19 crisis, it is that businesses are forced to innovate and re-evaluate the way they operate. For example, the tech community has risen to the occasion of helping communities adopt technology to overcome some of the challenges associated with the coronavirus pandemic, as technologic enablement allows parts of – or in some cases entire – organisation to continue operations amidst the current situation. For sure, the world will look different post-virus and so will international business models.

NBR has announce that (enterprises subject to VAT) VAT payers, whose annual supplies are less than BD100,000 will be able to submit a simplified one-time VAT filing document annually to facilitate approval procedures.

Khalid Marhoon in training the HLB ME member firms14 Dec 2019Representatives of HLB members firms from the Middle East region attended the three-day HLB audit training for the Middle East countries conducted last 27 to 29 of September 2019 in Amman, Jordan with Khalid Marhoon (KM), Managing Partner of Elyaa Audit and Consulting (Elyaa) as the resource speaker and trainer. … Read More

Elyaa Audit and Consulting took part in Employment Exhibition 2019 organized by the Ministry of Labor and Social Development held from 1 to 2 of Dec 2019 at Bahrain International Exhibition and Convention Center.

The exhibition successfully gathered 500 institutions, offering job opportunities in addition to the ones offered by the ministry in financial, banking, retail, hospitality, tourism, hospitality, private education, health sector.