Bahrain’s Cabinet has approved a number of immediate measures to cut expenditure, boost revenues, redirect subsidies, optimise the cost of public services and merge government agencies.
The austerity measures are expected to
Middle East professional exam programme owners are set to discuss how to improve the quality of exam questions, while reducing development costs through greater collaboration between experts.
The free webinar, which will take plac
Spending for this year's Bahrain Grand Prix has been scaled back by almost 30 per cent, it has been revealed.
Costs are down year-on-year because of last year's 10th anniversary extravaganza, Bahrain International Circuit
Stiff competition from rivals in Europe and the Middle East and falling ticket prices mean Lufthansa must keep cutting costs if it wants to remain a global airline, the German carrier said.
Lufthansa is being squeezed by competiti
Costs could go up for expats and the private sector as Bahrain seeks to offset a projected shortfall in revenues, driven in large part by lower oil prices.
Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa told the Gulf Da
Food import costs are expected to top the $1 billion (BD377 million) mark for the first time in Bahrain this year as the country increases its reliance on imported goods.
According to London-based Economic Intelligence Unit (EIU),
Attacks by thugs on schools has cost Bahrain more than BD2.6 million ($6.8 million).
The Education Ministry has reported so far 305 incidents across Bahrain, said a report in the Gulf Daily News (GDN), our sist
GCC megaprojects could cost 40 per cent more than budget and this will have a major impact on economies in the wider Mena region, according to an infrastructure expert.
With more than $2.5 trillion worth of projects in prosp
Ithmaar Bank, a Bahrain-based Islamic retail bank, said it has already started implementing cost-cutting and other strategic initiatives, both in the Bahrain and in Pakistan, aimed at turning the group around in 2014.
QInvest, a Qatar-based investment bank and Islamic financial institution, has posted a 40 per cent increase in its revenue last year.
It has also recorded a 30 per cent reduction in costs and an increase of $60million in net profi