• The GCC Financial Forum 2019
Deputy King reorganises Finance Ministry

Deputy King reorganises Finance Ministry

Deputy King, His Royal Highness Prince Salman bin Hamad Al Khalifa, yesterday reorganised the Ministry of Finance by issuing decree No. 47/2018. As per article one of the decree, Finance minister will be responsible for the Public Debt Management Directorate, the Future Generation Reserve Council and Undersecretary of the Ministry of Finance.

Undersecretary of the Ministry of Finance will oversee the Audit and Follow up Directorate, Assistant Undersecretary for Resources and Information, the Human and Financial Resource Directorate, the Financial Information Directorate and the Government Property Affairs Directorate Assistant Undersecretary for Financial Affairs will handle the Budget Directorate, the Project Directorate, the Treasury Directorate and the Financial Systems Development Directorate Assistant Undersecretary for Economic Affairs will be responsible for the Foreign Economic Relations Directorate, the Directorate of Government Investments and the Privatization and Outsourcing Directorate Assistant Undersecretary for Development and Revenue Policies will manage the Public Development Revenue Directorate, the Public and Policy Revenue Directorate and the Financial Information Directorate Assistant Undersecretary for Joint Financial Services will oversee the Internal Audit Unit, the Centralised Unit for Public Purchases and the Central Competencies Directorate.

The decree also states that a number of financial resource managers will be assigned to supervise joint financial services across government departments Article Two of the decree states that the Cabinet shall issue orders regulating the joint financial services in line with the Civil Service Bureau’s standards and requirements.




Expat dies after suicide attempt

Expat dies after suicide attempt

A 28-year-old expatriate passed away at Salmaniya Medical Complex yesterday after being admitted there following a suicide attempt two days ago. The deceased, Sachin, hailing from the Indian state of Kerala had arrived in the Kingdom only a month ago to work as a salesman. Sources said he swallow

Asian ‘drugged people in attempt to rob them’

Asian ‘drugged people in attempt to rob them’

An Asian man attempted to drug travellers in an effort to steal their belongings, it was revealed. According to a statement issued by the Bahrain National Airport Police Station, the accused, who visited the Kingdom for transit, drugged hot drinks, which he offered to the travellers at the airpor

Rare diseases awareness campaign launched

Rare diseases awareness campaign launched

  For the seventh consecutive year, Al Jawhara Centre for Molecular Medicine, affiliated to the Arabian Gulf University (AGU), is launching a national awareness campaign on rare diseases.   This is in conjunction with World Rare Disease Day to be observed on February 2

Kidnappers’ jail term upheld

Kidnappers’ jail term upheld

The High Criminal Appeals Court has upheld the sentences issued against 10 men convicted of kidnapping a man and forcing him to confess that he was a police informer. The defendants are said to have been abducted from Buri village. They allegedly pushed him inside their car after telling him that

Innovation fest Unbound returns to the Kingdom

Innovation fest Unbound returns to the Kingdom

World-renowned innovation festival Unbound will return to Bahrain on March 6 and 7 to showcase some of the most inventive brands, start-ups, and government initiatives seen in Bahrain and across the Middle East and North Africa (MENA). Expecting to double in size from last year, Unbound Bahrain m

Lending a helping hand

Lending a helping hand

The Bahrain Red Crescent Society (BRCS) has intensified its humanitarian efforts to help refugees in winter through distributing winter aid to around 350 refugee families from Syria residing in North Lebanon camps. The aid included winter essentials, such as blankets, clothes, heaters and food pa

Egypt hangs nine

Egypt hangs nine

Egypt hanged nine men yesterday for the 2015 assassination of the prosecutor general, judicial sources said, bringing to 15 the number of executions it has carried out this month. Hisham Barakat was killed in June 2015 when a car bomb struck his convoy in Cairo following militant calls for attack

Saudi orders release of 850 Indian prisoners

Saudi orders release of 850 Indian prisoners

Coinciding with the visit of Crown Prince Mohammed bin Salman to India, Saudi Arabia yesterday ordered release of 850 Indian prisoners lodged in its jails. External Affairs Ministry spokesperson Raveesh Kumar said the decision was taken on the request of Prime Minister Narendra Modi. “Anoth


Khloe breaks up with Tristan

Khloe breaks up with Tristan

American reality star Khloe Kardashian has called it quits with NBA player Tristan Thompson, just 10 months after the two welcomed their daughter. E! News confirmed recently that the couple has split up. This comes right around the sam

Palladium tops $1,500

Palladium tops $1,500

Precious metal palladium yesterday reached above $1,500 per ounce for the first time in trading thanks to supply deficit worries, according to analysts. Palladium hit $1,504.52 per ounce from $1,480.15 late on Tuesday. It later yesterd

ABG reports profit of US $129 million

ABG reports profit of US $129 million

Al Baraka Banking Group (ABG) reported increases in income, with a 4 per cent increase in net operating income, a 5pc rise in total net income, as net income attributable of shareholders remained unchanged compared to the year 2017. Th