Tally recognizes entrepreneurs #BuildingBahrain

Tally recognizes entrepreneurs #BuildingBahrain

The World Competitiveness Yearbook 2022 Peer Group rankings positioned Bahrain 1st in the Price Index category. Published by Switzerland-based International Institute for Management Development (IMD), the World Competitiveness Yearbook assesses and ranks 63 economies around the world and bases its classification typically on four main indicators – economic performance, government efficiency, business efficiency and infrastructure. Bahrain’s 1st position in the Price Index category is an indication of the country’s balanced cost of living.

Bahrain is ranked among the top ten performing ecosystems in MENA in the 2022 Global Start-up Ecosystem Report (GSER). In line with the growing economy and entrepreneurship in the country, Tally Solutions, an international Business Management Software provider initiates a campaign titled #BuildingBahrain honouring the SMEs that take the nation forward. Recognizing 16 Bahraini entrepreneurs on the occasion of Bahrain National Day, celebrated on December 16th each year, the campaign aims to support the entrepreneurial journey and ambition of Bahraini business owners.

Bahrain’s ecosystem is steadily moving towards maturity as its total valuation increased by four folds this year, from under $100 M (BHD 37 million) to $564 M (BHD 213 million). In addition, investments in the kingdom surged almost eightfold to $116 million in the first half of