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Ministry Of Finance (Bahrain)
The Ministry of Finance & National Economy (MOFNE) is responsible for formulating and implementing the financial policies of the Kingdom of Bahrain within the overall vision of the Bahrain Government. The Ministry prepares the state general budget in coordination with other ministries and public entities in a way that reflects the financial and economic objectives of the Kingdom, particularly regarding improving living standards and increasing levels of economic growth. MOFNE assures the progress of public investment in compliance with the financial policies of the kingdom. It also manages the public debt and maintains its levels within internationally approved limits. Financial stability is sought through the best allocation of available financial resources. In order to enhance bilateral relations with other countries in financial and economic areas, the ministry has entered into, and is in the process of, negotiating a number of bilateral and multilateral agreements to provi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cabinet Of Bahrain
The Cabinet of Bahrain is the chief executive body of the Kingdom of Bahrain. According to Article 32 (b) of the 2002 Constitution, "executive authority is vested in the King together with the Council of Ministers and Ministers". The Council of Ministers (Cabinet) is appointed directly by the King (Article 33d). __TOC__ Bahrain has had only two Prime Ministers since the country's independence in 1971, Khalifah ibn Sulman al-Khalifah, the uncle of the reigning King Hamad ibn Isa al-Khalifah. Khalifah ibn Sulman al-Khalifah died on 11 November 2020, and was succeeded by the King's son, Crown Prince Salman. As of 2010, roughly half of the cabinet ministers have been selected from the Al Khalifa family, including the Minister of Defence, Minister of Interior, Minister of Foreign Affairs, Minister of Finance, and Minister of Justice and Islamic Affairs. In February 2011, four ministers were dropped, two added and some portfolios shifted: The ministers dropped in the cabinet reshuffle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Diplomatic Area
The Diplomatic Area (; transliterated: ''al-Mantiqah ad-Diblomasiyah'') is an area that is located within the Central Business District of Manama, the capital city of Bahrain, an island kingdom in the Persian Gulf. Constructed on reclaimed land in the 1970s and gradually expanding in the 1980s, the Diplomatic Area is Manama's financial district, housing hundreds of banks, investment firms and Takaful societies that serve the entire Persian Gulf. It is mainly composed of high-rise office blocks and government buildings. Ministries and banks Most of the government ministries like the Ministry of Finance, Ministry of Housing and the Ministry of Justice have their offices in the Diplomatic Area. The Central Bank of Bahrain is also headquartered in the Diplomatic Area. The Diplomatic Area also houses the Public Prosecution and the court of Bahrain. Skyscrapers like the Bahrain World Trade Centre are located in the Diplomatic Area. Embassies * Saudi Arabia Embassy * Kuwait Embassy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manama
Manama ( ar, المنامة ', Bahrani Arabic, Bahrani pronunciation: ) is the capital and largest city of Bahrain, with an approximate population of 200,000 people as of 2020. Long an important trading center in the Persian Gulf, Manama is home to a very diverse population. After periods of Portuguese Empire, Portuguese and Persian control and invasions from the ruling dynasties of House of Saud, Saudi Arabia and House of Al Said, Oman, Bahrain established itself as an sovereign state, independent nation in 1971 after a period of British hegemony. Although the current twin cities of Manama and Muharraq appear to have been founded simultaneously in the 1800s, Muharraq took prominence due to its defensive location and was thus the capital of Bahrain until 1923. Manama became the mercantile capital and was the gateway to the main Bahrain Island. In the 20th century, Bahrain's oil wealth helped spur fast growth and in the 1990s a concerted diversification (marketing strategy), d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry (government Department)
Ministry or department (also less commonly used secretariat, office, or directorate) are designations used by first-level Executive (government), executive bodies in the Machinery of government, machinery of governments that manage a specific sector of public administration." Brockhaus and Efron Encyclopedic Dictionary, Энциклопедический словарь Брокгауза и Ефрона", т. XIX (1896): Мекенен — Мифу-Баня, "Министерства", с. 351—357 :s:ru:ЭСБЕ/Министерства These types of organizations are usually led by a politician who is a member of a cabinet (government), cabinet—a body of high-ranking government officials—who may use a title such as Minister (government), minister, Secretary of state, secretary, or commissioner, and are typically staffed with members of a non-political civil service, who manage its operations; they may also oversee other Government agency, government agencies and organiza ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bahrain
Bahrain ( ; ; ar, البحرين, al-Bahrayn, locally ), officially the Kingdom of Bahrain, ' is an island country in Western Asia. It is situated on the Persian Gulf, and comprises a small archipelago made up of 50 natural islands and an additional 33 artificial islands, centered on Bahrain Island which makes up around 83 percent of the country's landmass. Bahrain is situated between Qatar and the northeastern coast of Saudi Arabia, to which it is connected by the King Fahd Causeway. According to the 2020 census, the country's population numbers 1,501,635, of which 712,362 are Bahraini nationals. Bahrain spans some , and is the third-smallest nation in Asia after the Maldives and Singapore. The capital and largest city is Manama. Bahrain is the site of the ancient Dilmun civilization.Oman: The Lost Land [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Trade
Free trade is a trade policy that does not restrict imports or exports. It can also be understood as the free market idea applied to international trade. In government, free trade is predominantly advocated by political parties that hold economically liberal positions, while economic nationalist and left-wing political parties generally support protectionism, the opposite of free trade. Most nations are today members of the World Trade Organization multilateral trade agreements. Free trade was best exemplified by the unilateral stance of Great Britain who reduced regulations and duties on imports and exports from the mid-nineteenth century to the 1920s. An alternative approach, of creating free trade areas between groups of countries by agreement, such as that of the European Economic Area and the Mercosur open markets, creates a protectionist barrier between that free trade area and the rest of the world. Most governments still impose some protectionist policies that are inte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Budget
A government budget is a document prepared by the government and/or other political entity presenting its anticipated tax revenues (Inheritance tax, income tax, corporation tax, import taxes) and proposed spending/expenditure (Healthcare, Education, Defence, Roads, State Benefit) for the coming financial year. In most parliamentary systems, the budget is presented to the legislature and often requires approval of the legislature. Through this budget, the government implements economic policy and realizes its program priorities. Once the budget is approved, the use of funds from individual chapters is in the hands of government ministries and other institutions. Revenues of the state budget consist mainly of taxes, customs duties, fees and other revenues. State budget expenditures cover the activities of the state, which are either given by law or the constitution. The budget in itself does not appropriate funds for government programs, hence need for additional legislative measur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Official Newspaper
A government gazette (also known as an official gazette, official journal, official newspaper, official monitor or official bulletin) is a periodical publication that has been authorised to publish public or legal notices. It is usually established by statute or official action, and publication of notices within it, whether by the government or a private party, is usually considered sufficient to comply with legal requirements for public notice. Gazettes are published either in print, electronically or both. Publication within privately owned periodicals In some jurisdictions, privately owned newspapers may also register with the public authorities in order to publish public and legal notices. Likewise, a private newspaper may be designated by the courts for publication of legal notices. These are referred to as "legally adjudicated newspapers". See also *List of government gazettes **List of British colonial gazettes *Journals of legislative bodies *Annals *Newspaper of recor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum
Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude oil and petroleum products that consist of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both prolonged heat and pressure. Petroleum is primarily recovered by oil drilling. Drilling is carried out after studies of structural geology, sedimentary basin analysis, and reservoir characterisation. Recent developments in technologies have also led to exploitation of other unconventional reserves such as oil sands and oil shale. Once extracted, oil is refined and separated, most easily by distillation, into innumerable products for direct use or use in manufacturing. Products include fuels such as gasol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value-added Tax
A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer. If the ultimate consumer is a business that collects and pays to the government VAT on its products or services, it can reclaim the tax paid. It is similar to, and is often compared with, a sales tax. VAT is an indirect tax because the person who ultimately bears the burden of the tax is not necessarily the same person as the one who pays the tax to the tax authorities. Not all localities require VAT to be charged, and exports are often exempt. VAT is usually implemented as a destination-based tax, where the tax rate is based on the location of the consumer and applied to the sales price. The terms VAT, GST, and the more general consumption tax are sometimes used interchangeably. VAT raises about a fifth of total tax revenues bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abdulla Hassan Saif
Abdulla Hassan Saif is a Bahraini banker and politician. He served as minister of finance of Bahrain Bahrain ( ; ; ar, البحرين, al-Bahrayn, locally ), officially the Kingdom of Bahrain, ' is an island country in Western Asia. It is situated on the Persian Gulf, and comprises a small archipelago made up of 50 natural islands and an ... from May 1999 to January 2005. Since leaving office, he has acted as vice chairman of The Islamic Bank of Asia. Saif was the first Bahraini to lead Bahrain Monetary Authority, first as director-general from 1979 to 1981, and then as appointed governor from 1981 until his appointment as minister of finance in May 1999. References External links Governors of the Central Bank of Bahrain Finance ministers of Bahrain Bahraini economists Bahraini politicians Living people Year of birth missing (living people) Place of birth missing (living people) {{bahrain-politician-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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