Tag: economy

Endemic Mismanagement?

Endemic Mismanagement?

26 Dec, '102 Comments

The government’s consolidated closing accounts for 2009 has been released to much uproar of the press, fitfully followed up by parliamentarian chagrin and threats to question ministers and impeach them should they be found wanting. Why? Because although the authorised and assigned government budget for recurrent expenditures and projects for 2009 was BD2.484 billion, only […]

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Cementing the GCC ties

Cementing the GCC ties

12 Jun, '0815 Comments

We’re having yet another “crisis” in Bahrain. This time, it comes in cementy flavour! FOREIGN racketeers are being blamed for a cement crisis which has crippled Bahrain’s construction industry.The suspension of supplies from Saudi is costing Bahrain’s contractors more than BD4 million a day, says sources. [GDN 12.06.08] Let me first confess that I don’t […]

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15 seconds of fame = 1 billion?

15 seconds of fame = 1 billion?

3 Jun, '08136 Comments

Hardly, but a twit at the municipal council is vehemently opposing it for some farcical excuses, wrapped up in Class A Xenophobia. Here are some of Mr. Hameed Al-Basri brainfarts which he is using in the hope of putting the kibosh on the project: it would result in the area being “invaded” by foreigners with […]

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Zoning (almost) completed

16 Apr, '082 Comments

Bahrain launched its much awaiting National Plan in which the whole country is finally zoned and huge infrastructural projects announced.

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Will the UAE depeg?

Will the UAE depeg?

4 Apr, '086 Comments

Well… UAE Vice-President and Prime Minister Sheikh Mohammed bin Rashid al-Maktoum has confirmed the federation is considering removing the dirham’s peg to the US dollar, while saying he is confident that inflation in the federation will solve itself. I’ll take that as a “maybe“. How about Bahrain? Bahrain’s crown prince said on Saturday that even […]

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