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Bahraini Government Freezes Bonuses of Governmental Companies Boards Members
2015-11-12
Bahrain Mirror: The Bahraini government decided on Monday (November 9, 2015) to freeze bonuses given to heads and members of governmental boards and commissions, governmental companies.
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Finance Minister to MPs: We Will Raise Debt Ceiling to 10 Billion..Won't Engage in Discussions
2015-10-30
Bahrain Mirror: Commenting on the Bahraini MPs discussions held on Tuesday (October 27, 2015) over the lift of subsidies on meat, the Bahraini Finance Minister Ahmad bin Mohammad Al Khalifa said: "Are you aware that the debt ceiling will be raised to 7 and 10 billion
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Bahraini MP: House of Bahraini Ambassador to Kuwait Costs Gov’t 3.5 Million BD
2015-10-28
Bahrain Mirror: Member of the Bahraini parliament, Khalid Al-Shaer, revealed that the Government of Bahrain paid 3.5 million BD as rent for the house of the country’s ambassador to Kuwait, Khalifa bin Hamad Al Khalifa.
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Bahraini PM in Saudi Arabia Seeking More Financial Support
2015-10-28
Bahrain Mirror (Exclusive): The Saudi King Salman bin Abdulaziz Al Saud discussed with the Bahraini Prime Minister Khalifa bin Salman Al Khalifa (Sunday, October 25, 2015) the developments on the international level, according to an official statement.
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Bahraini MPs Seek to Impose Fees on Money Transfers outside Bahrain
2015-10-20
Bahrain Mirror: Al-Ayam Newspaper reported that the Bahraini parliament will discuss in its next session a bill raised by 5 member of parliament to“impose fees on money transfers outside the country.”
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88% Decrease in Demand for Meat in Bahrain
2015-10-17
Bahrain Mirror: The demand of butcheries and butchers in the Manama market for meat provided by the Bahrain Livestock Company has decreased by about 88%.
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Popular Boycott Forces Livestock Company to Dispose of 300 Frozen Cattle Meat & Dead Sheep
2015-10-14
The local Bahraini Al-Wasat newspaper reported from a number of butchers that "the Bahrain Livestock Company disposed of 300 frozen cattle meat imported from Australia mid last week."
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Bahraini Parliament Imposes Austerity Measures By Royal Directives: Freezes Travels of Friendship Committees & Merges Administrations
2015-10-13
Bahrain Mirror: The Secretary-General of the Council of Representatives Abdullah Al-Dosari announced some economic measures concerning the travels of the elected legislative chamber members.
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Bahraini Governmental Committee Refers Investors in “Bawabat Amwaj” to Public Prosecution
2015-10-10
Bahrain Mirror: Committee for the settlement of distressed real estate development projects announced referring documents of some partners in Bawabat Amwaj to the Public Prosecution over a financial suspicion.
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Chairman of Southern Governorate Municipal Council: Municipalities Budget Reduced by 15 & 20% for Next 2 Years Within Austerity Measures
2015-10-06
Bahrain Mirror: Chairman of the Southern Governorate Municipal Council, Ahmed Al-Ansari, said that Bahrain’s municipalities have become “a scapegoat” during the merging process carried out by the government as part of its austerity policies.
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Bahrain Livestock Company Imposes New Conditions on Butchers
2015-10-03
Bahrain Mirror: On the first day of lifting government subsidies on meat (Thursday, October 1, 2015), the Bahrain Livestock Company imposed a number of conditions and rules on butchers.
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10 Gov’t. Entities to be Merged & Recurrent Expenditure to be Reduced
2015-10-02
Bahrain Mirror: The Executive Committee, during its meeting that was chaired by the Bahraini Crown Prince, Salman bin Hamad Al Khalifa, discussed a number of measures that contribute to maintaining the Kingdom’s economic situation and the sustainability of its financial resources.
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After Lifting Subsidies: LiveStock Company Leaning towards Directly Selling Meat to Restaurants & Hotels
2015-10-02
Bahrain Mirror: The Bahrain livestock company is leaning towards signing contracts with hotels and restaurants to directly sell them its products.
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Bahrain Records Highest Debt Reaching 54% of GDP
2015-09-30
Bahrain Mirror: A report issued by Kamco Investment Company indicates that “Bahrain has recorded the highest rank in terms of public debt, as it reached 54%.
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Wa’ad: Bahrain Needs National Unity Government to Face Budget Deficit
2015-09-30
Bahrain Mirror: The National Democratic Action Society “Wa'ad” called on the Bahraini authorities to form a national unity government to face the financial crisis due to the drop in fuel prices and budget deficit.
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Local Newspaper: Parliament Leaning towards Lifting Subsidies on Diesel & Kerosene
2015-09-29
Al-Ayam newspaper said that the committee assigned to review the redirection of subsidies on commodities and services is leaning towards approving "the governmental directives to lift the subsidies on Diesel and Kerosene".
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Subsidies on Electricity to be Lifted in 2016 Gradually Over 4 Years
2015-09-21
Bahrain Mirror: Member of the minor committee assigned to review the redirection of subsidies and development of government revenues in the Bahraini Parliament, said that “the government aims at lifting subsidies on electricity for non-Bahrainis gradually within a 4-year plan.”
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“Gulf Air” Says Its Losses declined to 32.8% in 2014
2015-09-21
Bahrain Mirror: Gulf Air”, the national carrier of the Kingdom of Bahrain, said that its annual losses declined to 32.8% in 2014.
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Chairman of Shura Finance Committee: Bahrain Has 2 Options...Increase Public Debt or Take Difficult Measures
2015-09-21
Chairman of the Shura Committee on Finance and Economic Affairs (appointed), Khalid Al-Maskati, stated that Bahrain faces two options: Either "borrow and increase the public debt to levels that no one wants, or take difficult but necessary measures to reduce the debt as much as possible."
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Reuters: Britain's Petrofac Wins $100 mln Gas Contract in Bahrain
2015-09-19
Bahrain Mirror (Reuters): Britain's Petrofac has won a contract worth about $100 million from Bahrain's Tatweer Petroleum to build a gas dehydration facility, an industry source familiar with the matter told Reuters.