Saturday 30 May 2015
 
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Bahrain Cabinet approves measures to cut costs

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

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Focus on improving exam quality, cost reduction

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

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Bahrain F1 line-up ‘not hit by budget cuts’

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

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Lufthansa set to continue cost cutting

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

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Subsidies cut for expats in Bahrain proposed

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

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Bahrain’s food import costs set to hit $1bn

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),

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School attacks cost Bahrain $6.8m

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

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GCC megaprojects may cost 40pc more, warns expert

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

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Ithmaar implements key cost cutting measures

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. These measur

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QInvest revenue up 40pc

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

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