The session was dedicated to discuss the 2019-2022 Government Action Plan, which was approved and referred to the parliament.
The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…
32 | the publication reaches you by | Bahrain NewsThe plan focuses on empowering the private sector, elevating the government work-environment, enhancing investment climate, cutting down expenditures, and exploiting water resources.
To ensure fiscal balance in Bahrain, the program grants the kingdom USD10 billion to achieve the balance between expenditures and government revenues by 2022.
At the beginning of 2019, Bahrain started applying the value-added tax (VAT), which is expected to add to the treasury BHD300 million (USD796 million) in this year.
Earlier, the Bahrain Economic Development Board forecast real GDP growth of 3.4 percent in 2018 and 2.8 percent in 2019.
ONE of the largest jewellery retailers, Malabar Gold and Diamonds, has launched a special collection of diamond and…
22 | the publication reaches you by | Bahrain News
Do you have information you want to reach our readers?
You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Bahrain, the Gulf and the world.
The Arab states of the Persian Gulf are the seven Arab states which border the Persian Gulf, namely Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).This excludes the non-Arab state of Iran. All of these nations except Iraq are part of the Gulf Cooperation Council (GCC).
