Tally Solutions Transforms Banking for SMEs with the Launch of TallyPrime 6.0 - Middle East Business News and Information
With this new launch, Tally Solutions enables businesses to reconcile bank transactions effortlessly through intelligent automation and minimizing errors. This latest update employs smart matching algorithms to identify unreconciled transactions, ensuring faster bookkeeping and real-time financial clarity. In addition to these features, SMEs can now streamline the creation of payment and receipt vouchers by importing bank statements directly into TallyPrime . These enhancements significantly improve financial efficiency, allowing businesses to make informed strategic decisions with confidence .
Commenting on the launch, Vikas Panchal, General Manager – MENA, Tally Solutions , said, ' At Tally, we have always worked towards creating technology that can ease business operations for SMEs . The launch of TallyPrime 6.0 represents a major leap forward in simplifying financial operations for the small and medium business community . By integrating banking functions directly into our platform, we are eliminating redundant workflows and enhancing financial management. Our commitment remains focused o n providing innovative solutions that align with the UAE government's vision for a thriving and digitally empowered SME sector.'
Furthermore, the new release introduces action-driven financial reports, providing deep insights into transaction histories, cash flow, and reconciliation status. With bilingual invoice printing, businesses operating in markets like Kuwait and Qatar can now generate invoices in both English and Arabic on a single document, reducing printing costs and ensuring compliance with local regulations.
A comprehensive business management software, TallyPrime also offers seamless professional communication via WhatsApp, intuitive report dashboards, and enhanced document-sharing capabilities, ensuring that customers, accountants, and everyone within the business network stay connected at every stage. Complementing these features, Tally Solutions' local data centers in the UAE enable TallyPrime Cloud Access, allowing organizations to securely access their key financial data from any location at any time for greater flexibility and efficiency.
With TallyPrime 6.0, Tally Solutions continues to redefine business management for SMEs, offering a seamless bridge between banking and accounting. By simplifying financial operations and enhancing automation, TallyPrime 6.0 empowers businesses to operate with greater accuracy and control. As a trusted partner for SMEs, Tally remains committed to innovation, ensuring businesses across the GCC can navigate financial complexities with ease and confidence.
About Tally Software Solutions FZCO
Tally Software Solutions FZCO is a pioneer in the business management software industry. Accredited by the FTA and the ZATCA , Tally Solutions has been present in the GCC for the last decade and has helped over 70 ,000 businesses in the country with their accounting, inventory, and compliance needs. Since its inception in 1986, Tally's simple yet powerful products have been revolutionizing the way businesses run. Having delivered path-breaking technology consistently for more than 3 decades, Tally symbolizes unmatched innovation and leadership. With the trust of over 2.5 million businesses worldwide, it caters to more than 7 million users across industries in over 100 countries.
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Daily News Egypt
8 hours ago
- Daily News Egypt
Unilever Egypt launches second generation of Erada, marking new era of inclusive performance
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Egypt Independent
14 hours ago
- Egypt Independent
‘They don't want the rabble anymore:' Why Europe is rising up against mass tourism
As protestors have taken to the streets across Spain, disrupted a billionaire's wedding in Venice, and even caused a shutdown of the Louvre in the shape of a staff mutiny about overcrowding, Noel Josephides has been watching with one phrase on his mind: I told you so. 'I could have told you that would happen 10 years ago,' he says. 'And I said so. I said, 'This is going to get out of control.'' Josephides is the longstanding chairman of Sunvil, a UK-based tour operator that has been sending comfortably-off Brits on vacation since 1970. He's also a former chairman of ABTA and AITO, both UK travel industry bodies, which makes him one of the big beasts of European tourism. And he says he saw Europe's current overtourism meltdown coming. 'I said there'll be enormous problems going forward,' he recalls of a speech he delivered to the ABTA annual convention, held in Dubrovnik, in 2013. He delivered that warning as the sharing economy — spearheaded in travel by Airbnb — was mushrooming across Europe. His concern, however, was not just short-term rentals. What he saw coming was a perfect storm: rapidly expanding budget airlines working in tandem with proliferating short-term rentals to create vast new vacation capacity, driving down prices and ushering in a new era of large-scale budget travel. Of course, as a tour operator, Josephides works in direct competition with short-term rentals and the independent travel-planning that budget airlines encourage. Yet today, he seems like a Cassandra figure — he foresaw the chaos, but no one acted. Now his worst fears have come to pass. 'The local populations are quite right,' he says about the spiraling protests. 'It's out of control. I'm on the side of the protestors, even though it affects my business.' The Covid-19 pandemic was the only time in years that Barcelona's Las Ramblas was tourist-free. Josep Lago/AFP/Getty Images 'A salmon going against the flow' The situation in Europe this summer is a far cry from the empty streets and clear waters of the summer of 2020. During the pandemic, many destinations vowed to reinvent tourism for the better. But once travel restrictions were lifted, things quickly reverted to the old ways — and in many cases got worse, thanks to what came to be known as 'revenge travel.' For some locals, the memory of lockdown has taken on a halcyon glow. 'I remember walking in the streets very close to Las Ramblas and hearing birds singing and church bells,' says Maite Domingo Alegre, who lives in Barcelona. 'I'd never realized the bells tolled. But I never get to hear them anymore. Tourism has brought so much noise it's unbelievable.' An English teacher and associate professor at the Universitat Pompeu Fabra, Domingo Alegre lives in the city's historic center near the cathedral and works near Las Ramblas. She says her city has changed beyond recognition. 'We've always had tourism, and mass tourism, but over the last 10 to 15 years this has changed dramatically,' she says. 'It's not seasonal anymore, it's 365 days a year. And the visitors are much more than the number of inhabitants.' Crowded streets are one thing; the knock-on effects, she says, are worse. 'Most of the shops — even food shops, clothes shops, restaurants, everything in the center — is basically addressed to tourists,' she says. 'Prices have gone up. Airbnb basically evicted many locals. Most of my friends have fled the neighborhood because they can't afford to live there anymore.' The pandemic, she adds, intensified the problem, attracting remote workers from across Europe. 'They don't really mingle with the locals. They're not interested in Catalan or even Spanish culture. They think it's cheaper, and they have nice food and cheap drinks, so most bars and restaurants are also thought of for them.' Venice musician Ornello's latest video shows him as an astronaut, walking through the busy streets which have become alien to him. Courtesy Ornello In Venice, it's the same story. The local pop musician Ornello's latest video shows him dressed as an astronaut, wading through the summer crowds. In his real-life identity, Alessio Centenaro, he feels equally out of place in his hometown. 'I'm a cyclist and on Sundays I take my bike from Piazzale Roma (Venice's road terminus). I'm going out and I'm going against all the tourists arriving on the island and I feel like I'm a salmon going against the flow. Sometimes when you're surrounded by tourists, with hundreds all around you, you feel like you're the foreigner.' Venice has always been a city of tourists, he adds, but it also once had a sizable resident population. 'There are 48,000 people officially, but nobody says what's the percentage of old people. I'd say it's perhaps 70% over 70. If they will live another 15 years, what will happen then?' The number of residents in Venice has plummeted as visitor numbers to the city continue to rise. MARCO BERTORELLO/AFP/AFP via Getty Images From 'secret' to swamped For the past five decades, Josephides has watched destinations go from charming to overcrowded. The trajectory, he says, is nearly always the same. First a boutique tour operator like Sunvil identifies a little-visited destination that seems perfect for its clients — people in search of a vacation where they won't be surrounded by other vacationers. It'll add that destination to its books, usually chartering a weekly flight to get clients there initially. And so the first few seasons will be a halcyon period of relatively few visitors. They enjoy the peace and quiet; the residents enjoy the money they inject into the local economy. But then word will spread. A budget airline — because it's low-cost carriers, not legacy ones, who invest in lesser-known places — will start operating to the destination. The following year, its rivals follow suit, eager not to miss out. What if Jet2 knows something we don't? Suddenly, there's a surfeit of planes going to the destination, and to fill them airlines slash fares, meaning that the budget market becomes the 'volume market,' as Josephides puts it. Accommodation strains to keep pace with the growing number of visitors, prompting locals to invest in short-term rentals. Soon, that 'secret' destination is swamped — not just by the early, more affluent pioneers, but by that volume market, who fly in on the budget airlines, stay in an Airbnb and generally spend less locally. So the first wave moves on to a new place, and the cycle begins again. Josephides earmarks the Greek island of Samos as one of the next destinations to go through this cycle. This year there is one direct weekly flight from the UK, he says. 'Next year TUI (a German travel company) have Thursday and Sunday. Jet2 have put on four flights: two Manchester, one Birmingham and one Stansted. So wait to see Ryanair and easyJet pile in.' The mass market players, he says, 'move in like a vacuum cleaner. The nature of the island will change but local governments do not understand what will happen until it is too late.' Even established hot spots can be victims of their own popularity. Airports on the Greek islands of Corfu and Crete, Josephides notes, are inundated with flights. 'The volume market won't go to destinations that aren't known, so you get this bottleneck of cheap flights fueling the likes of Airbnb. The local population are quite right — it's out of control.' An Airbnb spokesperson said in a statement: 'Airbnb offers a different way to travel that better spreads guests and benefits to more communities. The fact is that overtourism is getting worse in cities where Airbnb is heavily restricted: in Amsterdam or Barcelona, the introduction of stringent restrictions on short term rentals have coincided with a steep increase in guest nights driven by hotels, and a surge in accommodation prices for travelers. Cities that want to have a significant impact on overtourism should embrace tourism that supports families and communities.' They added that 59% of 'guest nights' sold in the EU on Airbnb in 2024 are in destinations outside cities, while their research published in June shows that the majority of tourists still choose hotels. VRBO, another major short-term rental provider, did not respond to a request for comment. Palma's tourist board is taking steps to center the industry around residents, not visitors.A blitz on overtourism Pedro Homar knows this pressure well. As tourism director for Visit Palma, he's caught between visitors behaving badly in the Spanish city, and residents demanding action. 'We need to ensure that tourism is a sustainable industry, not just from an environmental point of view but also from a social and economic point of view,' he says. 'Our economy depends on tourism, so we either make sure we're physically sustainable or we will not have a future.' Since the pandemic, Palma has stopped promoting itself outright. Instead, it runs 'image campaigns' to shape perceptions — even running ads to call out antisocial behavior in certain resorts. In 2022, the city capped cruise ship arrivals at three a day, even though the port can handle six (Barcelona has followed suit, announcing in July that it will close two of its seven cruise terminals from 2026). It banned short-term rental apartments and Airbnbs in city-center residential buildings and has set a cap of 12,000 hotel beds: for a new hotel to open, another must close. Palma has also built up a 50-million-euro ($58 million) fund to buy and remove outdated hotels from circulation — typically cheaper properties that tend to attract budget tourists. 'It's a way of taking out of the market all these obsolete and old hotels that are no longer competitive and not the kind of product that we want for the destination,' Homar says. 'We don't need you' Palma's approach raises a question: Who has the 'right' to travel? Some destinations have long used high costs to deter mass tourism. Bhutan charges a $100-a-day 'sustainable development fund' fee. A gorilla-trekking permit in Rwanda costs $1,500 per person. Even Venice's 10-euro day-tripper fee has drawn criticism from locals for selling the city to the wealthy. Homar argues that destinations should have the right to choose their visitors, likening it to deciding whom to invite to dinner. 'I really do believe that as mature destinations, we have the right to choose the tourists that we want, and don't want,' he says. 'We want tourists that respect our personality, our way of living, our traditions. 'If you are thinking of coming over without a respectful point of view, we say, respectfully, we don't need you.' Josephides is blunter. 'They don't want the rabble anymore,' he says. 'It sounds awful to say so, and everyone's entitled to a holiday, but the numbers just keep growing. The whole thing is out of control. I can understand the democratization but it's up to the destination if they want clients without any money,' he adds. 'I'd like to drive a Ferrari, but I can't afford it.' For now, he says, most European destinations seem focused on capping numbers rather than pricing out budget travelers entirely. In Rome, visiting the Trevi Fountain has become an ordeal. Jakub Porzycki/NurPhoto/Getty Images Winning back the locals Restoring the goodwill of residents is just as important as tackling the crowds. 'A city where residents are not satisfied is a city that doesn't work,' says Ruben Santopietro, CEO of Visit Italy, a marketing company for various destinations across the country. 'It loses its identity completely. Residents feel excluded and neighborhoods become touristic.' Born in Naples, which saw protests over lack of housing and growing short-term rental numbers in March, Santopietro has watched his hometown surge in popularity — and housing prices — over the past decade. He warns that if growth continues unchecked, 'in five years, 50% of the città d'arte (Italian cities of culture) will become inaccessible.' Rome, Florence and Naples, he says, are already 'suffocated by tourism' almost to the point of no return. Visitors, he adds, actually want locals around. 'Venice belongs to the Venetians. If locals aren't there, they won't go. Putting residents at the center of tourism models is the only way to preserve our cities from becoming open-air museums.' Homar agrees, echoing the same phrase — 'putting residents at the center of the tourist strategy' — when talking about Palma's new five-year plan, adopted in 2023. Some hotels the city buys will be replaced with green spaces or converted to housing. In November, Palma will launch free cultural activities for locals — organ recitals, children's days in the old atelier of artist Joan Miró, theater concerts organized by Spanish national radio stations, guided architectural walks around the city — to 'uplift the sense of belonging and the pride of being a citizen.' 'All these initiatives will be in spaces that residents for some reason believe are just for tourists,' he says. 'We're seeing that the sense of belonging that residents used to have about being in Palma, they were slowly losing that and we need to change that dynamic.' The scourge of social media Redistributing visitors can also help. The problem in Italy, Santopietro says, isn't that the country can't handle the numbers — it's that everyone goes to the same places. This summer, his agency launched a campaign, 'The 99% of Italy,' encouraging travelers to visit lesser-known destinations from Genoa to Tropea (some of which were their clients, but not all). 'We used social media platforms as they have created these imbalances,' he says, adding that they expect tangible results in the long term, as regional marketing campaigns take longer to take effect. Santopietro says that even in the busiest destinations, steps can be taken to disperse visitors. He suggests incentives — for example, discounted tickets to Rome's Colosseum for those who've already visited the ancient coastal town of Ostia Antica. In Naples, residents protested about the housing crisis in March, citing short-term rentals as one of the takes time In the short term, protests are likely to spread, says Estrella Diaz Sanchez, associate professor of marketing at Spain's University of Castilla-La Mancha. 'Some locals are frustrated about the number of tourists they receive, but I think the main factor is skyrocketing rents, driven by short-term holiday lets, pushing locals out of the housing markets,' she says. 'The solution isn't to reject tourism; it's to make it more inclusive and respectful.' Even Josephides, the tourism industry doomsayer, thinks recovery is possible. He points to Estoril, on the Lisbon coast, which in the 1970s was a mass-market destination. Authorities decided to push it upmarket, and succeeded. 'You can recover, but it takes time,' he says. 'It's much easier for a destination to control its growth rather than repair it afterwards.' Sign up for Unlocking the World, CNN Travel's weekly newsletter. Get news about destinations, plus the latest in aviation, food and drink, and where to stay.
Mid East Info
a day ago
- Mid East Info
Diriyah Company Announces Sales Launch of Exclusive Aman Residences, Amansamar in Wadi Safar - Middle East Business News and Information
The launch marked the debut of Aman Residences in Saudi Arabia · A limited collection of five- and six-bedroom residences starting at 9,000 sqm Residences are part of the Amansamar development in the exclusive Wadi Safar Masterplan Developed by Diriyah Company Diriyah, August 2025: Diriyah Company has announced the launch of the Aman Residences, Amansamar in Wadi Safar adding to the already impressive portfolio of branded residential opportunities on offer by Diriyah. Unveiling a limited collection of Aman-branded residences comprising ultra-luxury villas and private estates, each appointed with five or six-bedrooms, which have been developed as part of the integrated Amansamar community in the prestigious Wadi Safar master plan, a signature development by Diriyah Company. Set on plots starting from 9,000 sqm, the villas offer privacy, expansive living, and access to world-class amenities such as the Greg Norman-designed championship golf course, the Royal Diriyah Equestrian and Polo Club, an Aman Spa with a hammam and banya, a Racquet Club, pools, curated dining and an invitation to join the global Aman Club. The Aman-branded Residences in Wadi Safar will be located alongside the 80 key Aman hotel that together comprise the ultra-luxury Amansamar destination and what will be the first Aman Residences in Saudi Arabia. Blending Aman's ethos of peace with 'samar', the Arabic tradition of storytelling at dusk, Amansamar reflects the surrounding desert's cultural and natural heritage. Designed by Jean-Michel Gathy of Denniston Architects, the hotel and residences will offer panoramic views, the brand's signature minimalist design, and a sense of immersive tranquility. Diriyah Company Group CEO, Jerry Inzerillo said: 'This sales launch marks another significant milestone in our ongoing development of the Wadi Safar master plan, and we are enormously proud to be partnering with Aman Group, a truly exceptional developer of unique places to stay and to live in. Amansamar will be an outstanding addition to our growing hospitality portfolio and we anticipate significant demand for these wonderful branded residences and the luxurious lifestyle they will offer.' Vlad Doronin, Chairman and CEO of Aman Group, added: 'The launch of Aman Residences, Amansamar, marks a defining moment for Aman in the Kingdom of Saudi Arabia. Reflecting our deep respect for the country's cultural heritage, natural beauty, and traditions, Aman Residences, Amansamar will introduce an unmatched standard of privacy, design, and service that is synonymous with the Aman lifestyle. Positioned in the prestigious and historic Wadi Safar, just moments from the UNESCO World Heritage Site of Diriyah, this development offers our loyal followers a rare opportunity to immerse themselves in an extraordinary setting, surrounded by history while enjoying the very best of Aman.' Aman Residences, Amansamar in Wadi Safar are the latest in a series of world-class hospitality brands creating exclusive luxury homes across Diriyah and Wadi Safar. Demand for residences already launched has been very strong and Diriyah Company is establishing itself as a leading developer in the Kingdom in providing a new era of luxury living. Diriyah, the City of Earth, will contribute approximately $18.6 billion (SAR 70 billion) directly to the Kingdom's GDP, create nearly 180,000 jobs and will be home to an estimated 100,000 people. It will also include modern office space for tens of thousands of professionals in technology, media, the arts and education, museums, a university, the Royal Diriyah Opera House, the Diriyah Arena, and approximately 40 world-class resorts and hotels, restaurants, the Royal Golf Club, Wadi Safar alongside the Greg Norman designed championship golf course and the Royal Equestrian & Polo Club, Wadi Safar. About Diriyah: Diriyah, Saudi Arabia's premier historical, cultural, and lifestyle destination, is a key component of Saudi Arabia's 2030 Vision. A short 15-minute drive from Riyadh's city center, this 14-square-kilometer development holds historical significance as the birthplace of the Kingdom of Saudi Arabia, dating back to 1727. Currently being developed by Diriyah Company, Diriyah is undergoing a transformation into an authentic Najdi-style mixed-use urban community. Diriyah's centerpiece is At-Turaif, the UNESCO World Heritage Site inscribed in 2010, showcasing the ancient adobe capital city of the First Saudi State, dating back to 1766. Upon completion, Diriyah will host more than 100,000 residents, workers, students, and visitors, offering a diverse range of cultural, entertainment, retail, hospitality, educational, and residential spaces. The first of those spaces include Bujairi Terrace, Riyadh's new premium dining hub with over 20 global and local restaurants and cafes that enjoy uninterrupted views of At-Turaif. Bab Samhan, a Luxury Collection Hotel is the first hospitality offering in Diriyah, providing a tranquil experience with panoramic views of Wadi Hanifah. Diriyah's development provides a dynamic environment that celebrates Saudi Arabia's rich cultural history. About Diriyah Company: Diriyah Company was launched in January 2023 and joined the Public Investment Fund's (PIF) portfolio of giga-projects. The Company is responsible for developing the Diriyah project, the birthplace of the Kingdom of Saudi Arabia and its foremost historical, cultural, and lifestyle destination. A dynamic mixed-use developer, Diriyah Company is redefining urban planning to develop Diriyah, 'The City of Earth', while adhering to the highest design, development, and preservation standards. The company ensures Diriyah's cultural landmarks are complemented by world-class retail offerings, fine-dining experiences, and leading hospitality brands. As a PIF company, Diriyah Company's mission focuses on opportunities in development, hospitality, investment, retail, and office leasing, along with strategic asset management, underscoring the commitment to ensuring successful business outcomes and sustainable growth under the strategic direction of Vision 2030. The Diriyah Company actively forges long-term partnerships to realize its vision of establishing Diriyah as one of the world's greatest gathering places.
