Revenue is a key performance measure for business, and there are recognised problems with the two main brands – the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) – which are based on different principles and give no guidance in certain key areas, such as arrangements involving multiple elements....
On track with its aim of laying the necessary groundwork for foreign businesses, the emergent tourism industry and progression in living standards, Bahrain is viewed by many as an ever-evolving country. Major infrastructure and industrial projects are being undertaken across the Kingdom. Bahrain Bay, a $2.5bn landmark waterfront community located...
As the provision of health care services in the Kingdom has continued to grow, one challenge facing the sector has been the increasing number of medical professionals required to staff facilities. This demand has been met in part by expatriate workers, but several local educational institutions also offer programmes to train Bahraini doctors, nurses...
Bahrain has the lowest corporate and personal taxes of all the GCC states. There is no personal income tax; no tax on capital gains; no withholding tax; no restriction on repatriation of capital, profits or dividends; and very few indirect taxes. There is also no value-added tax, property tax, inheritance tax or production tax. There were...
A new regulatory institution – the National Health Regulatory Authority (NHRA) – has the potential to significantly alter the health care landscape in Bahrain. As of early 2011, the authority has assumed certain responsibilities that were previously held by the Ministry of Health (MoH), including licensing of medical professionals and institutions,...
Citizens and residents of Bahrain have access to an extensive health care system that provides primary, secondary and tertiary care at both public and private facilities. At present, the state accounts for the majority of health care services, although the private sector continues to expand. The launch of operations by the National Health Regulatory...
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