35 Thousand Memberships Allowed to Vote in Chamber of Commerce Elections
The number of memberships entitled to vote in the 29th elections of the Bahrain Chamber of Commerce and industry reached 35 thousand represented by 81,000 votes, which is about 8 times more than the memberships in previous elections. The number of memberships in the chamber reached 55 thousand, while the number of inactivated memberships reached 20 thousand, chairperson of the elections committee said.
CBB Governor: Dinar is Stable, No Intention to Detach it from USD
Central Bank of Bahrain (CBB) Governor Rashid Al-Miraj said that the bank is currently studying the operational environment of digital currencies to put appropriate regulatory restrictions and controls, indicating that the study needs 9 months, during which the risks and control mechanisms will be studied.
Oil Minister Announces Approach to Periodically Review Petrol Prices
Oil Minister Mohammed bin Khalifa Al Khalifa announced an approach to review the petrol prices periodically, after finding a suitable mechanism to distribute subsidies to citizens, stressing on the necessity to conform to delivering the subsidies to citizens in a way that matches their income.
Political Climate to Limit Benefits of VAT in Bahrain, Kuwait & Oman, BMI Report Shows
The current political climate will limit the benefits of the value-added tax (VAT) in parts of the GCC, such as Bahrain, stated a new report from BMI Research.
Bahrain Oil Minister: Contracts Signed for Expanding Bahrain Refinery by End of Month
Bahrain’s Oil Minister said that the expansion of Bahrain Refinery is largest project in history of Bahrain Petroleum Company (Bapco) and will be officially signed between Bapco and Technip by end of January.
Reuters: Bahrain Offers Prompt-Loading Crude for 2nd Month in February
Bahrain's BAPCO offered 500,000 barrels of Banoco Arab Medium crude to load in February, the second month that the producer has offered prompt loading supplies, a tender document reviewed by Reuters showed on Friday
Private Bus Drivers: We Have to Increase our Prices by 30% after Petrol Prices Hike
Private bus drivers said that the increase in petrol price will make them increase their prices by 30%, if the competent parties do not reconsider this decision.
Food Prices Increase by 10-20% after Petrol Prices Hike
Bahrain’s market witnessed an increase in the prices of a large number of food products by 10-20% rate after good (Jayyid) and excellent (Mumtaz) petrol prices surged.
Local Newspaper: 17% of Citizen’s Income Goes to Petrol
The increase in petrol prices after a decision issued by the Oil and Gas Authority on Monday (January 8, 2018) angered the citizens and residents in Bahrain.
Reuters: Bahrain Raises Gasoline Prices to Improve State Finances
Bahrain raised gasoline prices on Monday to bring them closer to international levels, state news agency BNA reported, quoting the National Oil and Gas Authority.
Bahrain Raises Petrol Prices Unexpectedly: Jayyid (Good) for 140 fils/litre and Mumtaz (Excellent) for 200
Bahrain has increased petrol prices unexpectedly in phone calls made by the National Oil and Gas Authority officials to the country's refueling stations.
Bahraini Government Intends to Borrow $13 Billion
A local newspaper said on Monday (January 8, 2018) that the government plans to borrow 8 billion BD ($13 billion).
Selective Tax on Tobacco, Soft Drinks and Energy Drinks Starts Next Saturday
The prices of tobacco products, soft drinks and energy drinks will double as the Excise Tax on Selected Items Law will come into effect this Saturday, the Finance Ministry said. The new levies include 100% tax on tobacco products and 50% on soft drinks.
Central Information Agency: 700 Thousand Vehicles in Bahrain until End of 2016
Statistics issued by Central Information Agency stated that the number of vehicles in Bahrain reached 700 thousand until 2016; i.e. a 52% increase during the past 10 years, starting from 2006 (337 thousand vehicles).
Diesel per Liter Price Mounts to 160 Fils Starting Next Monday
With the beginning of 2018, Diesel prices will increase according to timeline for reconsidering fuel prices. Diesel prices will increase to 160 fils per liter and to 180 fils with the beginning of 2019.
Local Newspaper Says Number of Voters in Chamber of Commerce and Industry Elections Reached about 100 Thousand
The local “Akhbar Al-Khaleej” newspaper said that those who have the right to vote in the 29th election session of the Chamber of Commerce and Industry reached about 100.000 voters.
Bahrain: Ministerial Decision Refusing Renewal for 15 Tourist Facilities
Minister of Industry, Commerce and Tourism Zayed Al-Zayani issued a number of decisions suspending and refusing renewal for 15 tourist facilities, for breaching the obligations and touristic legislative provisions in a way that harms the national tourism interest. The decisions included facilities in number of hotels.
Bahraini Finance Minister: Selective Tax Implemented within 10 days
Bahraini Finance Minister Ahmed bin Mohammed Al Khalifa said that Bahrain will start implementing the selective tax law as of early 2018, i.e. 10 days from now.
45 Candidates to Run Chamber of Commerce Elections in March
45 candidates will run the elections of the Bahrain Chamber of Commerce and Industry that is to be held on March 10. It is to note that this will be the 29th election session for the board of directors. This session will witness momentum of old candidates and new youth candidates.
Bahrain on EU Tax Havens Blacklist
The European Union has published its first blacklist of tax havens, naming 17 territories including three Arab countries: Bahrain, United Arab Emirates and Tunisia.