Tag Archives economy

Long faces

Posted on

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, none of the Gulf countries follows the same set of rules and regulations, nor levels of transparency in reporting their economic …

Share

By

Subsidies Subsidies

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, it’s not good economic sense I don’t think, there are other more effective ways to get these subsidies to the people …

Share

By

Inflation

Posted on

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 & Industry seems to base his information on numbers released by a commercial bank which pegged it at 5% (double that …

Share

By

no power, but I still have the internet!

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 will NOT roll for this one, it’s an all too common a scene in the summer here… And of course no …

Share

By