Tag: economy

Long faces

Long faces

5 Apr, '076 Comments

The governors of the six central banks in the Arabian Gulf Cooperation Council have been given their political marching orders to unify our currencies by 2010, that is in less than 3 years’ time, but it seems that political orders are one thing, practical considerations are a wholly different kettle of fish. For one thing, […]

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Subsidies Subsidies

Subsidies Subsidies

13 Feb, '074 Comments

I’m still a bit confused from reading various reports yesterday of the government subsidising basic necessities to the tune of BD500 million (US$1.326 billion) a year. Of that staggering figure, we know that BD12 million are spent on subsidising meat, poultry and flour. Okay, that is good in that it keeps prices of necessities low, […]

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Bahrain to introduce personal and corporate taxation

Bahrain to introduce personal and corporate taxation

30 Jan, '0724 Comments

MP Ibrahim Busandal, the Asalah MP, wants to introduce mandatory Islamic taxation (zakat). Here are his justifications for doing so:

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Inflation

25 Jan, '0731 Comments

I’m no economist, but was alarmed – once again – at how our parliament is studiously pushing the country over the edge and into the void. I would appreciate it if someone with economic knowledge would educate me about this subject. Our government is ignorant of the country’s level of inflation; the Minister of Commerce […]

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no power, but I still have the internet!

23 Aug, '0413 Comments

Thank you Batelco for having an independent power supply, and for me to have bought a good UPS for the office, now I can surf while the WHOLE OF BAHRAIN has no power!! It went out about 20 minutes ago (around 9am) all of a sudden, so I wonder who screwed up… No matter, heads […]

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