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Boost for Budget FAST, SAFE AND SECURE ONLINE MONEY TRANSFER NOW AVAILABLE ON THE BFC APP Thursday, December 21, 2017 Issue No. 7602 200 Fils Tel: 1722 8888 www.bfc.com.bh www.newsofbahrain.com www.facebook.com/nobonline newsofbahrain 38444680 nob_bh Proposal to cut budgetJO3639_Smart_Money_App_Launch_DT_Hamper_6.7cmX8.5cm.indd deficit 1 9/26/17 3:39 PM DT News Network the decreasing oil prices in the resources of the state in the Manama global market, which began best ways.” P Mohammed Al to decline since 2014 and had “Based on the fact that the Emmadi has submitted a significant impact on the revenues of refined petroleum aM proposal to include the general budget of the state in products are not included income generated from refined the past few years,” Al Emmadi in the general budget of the petroleum products in the said in a letter to the Speaker’s state, but are directly involved state budget. The MP said his Office. in the budget of the Holding proposal would help increase Justifying his proposal, Al Company for Oil and Gas, we the revenues of the state and Emmadi further said, “The have submitted this proposal reduce the deficit and public state budget is based on oil with the aim of taking the debt. revenues. Therefore, the state necessary policies, strategies “The increase in the should utilise all the available and procedures to include the contribution of the oil sector resources of crude oil and pour revenues of refined petroleum in the state budget, considering its revenues into the general products in the general budget the weakness of non-oil budget of the state, in order to of the state of the next fiscal revenues, in addition to the achieve public interest and to year,” added the Al Emmadi, large role played by the State Mohammed Al Emmadi provide prosperity to citizens who is also a member of the in the field of investment, will economic growth, which will improve the services it provides in accordance with Article 10 Financial and Economic have positive effects on the improve the economic aspects for citizens. The proposal and 11 of the Constitution, Committee in the House of state economy and the rate of of the Kingdom in general and would also compensate for with regards to utilising natural Representatives. FREE PICK! FREE Issue No.254 DT Supplement www.weekenderbahrain.com Dec 21-27 , 2017 Page 3 HONORING HER DREAM Excise tax on tobacco, energy drinks 100pc GAME ON WITH ‘SAMARLATTE’ Page 4 Samar Ahmed Al Ansari ho among us does not have dreams and wishes for the They ensured that reading is an integral part of the café where future? We all dream, hope and plan what we want to books can be borrowed and read while attendees at the café can How Realistic is it to make do in the future from our childhood and we often ask also enjoy board games. the little ones, the usual question of who they wish to Wbe in the future. Samar Ahmed Al Ansari was like others and had A group of Samar’s friends, their spouses and children, Samar’s ‘New Year Resolutions’? many dreams she planned to achieve, but death stopped her from teachers and school administrators, relatives and family friends, from fullfilling them. She died on 4 September 2006 at the age of who had known Samar since her childhood, attended the opening. Excise tax on soft drinks 50pc 18 years in a traffic accident few weeks before traveling to Britain The café is a quiet place that provides students with the right to join university and specialize in economics, a subject she was environment for studying, a suitable place for friends to gather, Page 7 very passionate about. and for holding events and meetings such as book clubs and working group meetings. Samar’s family affirmed that the café She had several plans following her university graduation. Among project is non-profit and that the net profit will go to charity in her plans was working at an office at the Financial Harbour in Samar’s name for the benefit of educating youth and enhancing Manama as its construction had started at the time. She had also their abilities. Samarlatte is located in Sanad and its opening planned to have a café that would serve coffee, tea as well as be hours are from 7:00 am until midnight throughout the week. a platform for reading books. Samar also wanted the café to be a The Bahraini Woman I meeting place for her friends, their children and families, relatives and friends, and a place frequented by the rest of the society, idolize... especially students.She also gave it the name “Novelatte”, a confirmation that books are an integral part of her café. She went further and appointed her mother as the manager of the café thinking that her mother would have retired by then and it would Page 6 be her retirement project. However dreams do come true even, in one form or the other. Samar’s family recently launched a café, “Samarlatte”to fulfill one Tax details available on https://www.mof.gov.bh of Samar’s dreams that she could not achieve. This name was chosen instead of “Novelatte” as the family felt that it is more appropriate to commemorate the name and memory of Samar. Bahrain Racing Championship Page 5 Together in Joyous Celebrations! he festive galore in the had planned to take a ride with my past few days was on a family around the island to check out magnitudinal scale as people the light decoration and where we from different backgrounds planned two hours for the activity, it Tcame together to celebrate the 46th easily extended for more than four. All Tax proceeds to help govt fund development schemes Bahrain National Day Celebrations. the major landmarks and highways There were a plethora of events were beaming with sheer beauty. planned out at different venues for Every year, the country continues to the national day holidays, allowing impress more and more,” resident family and friends to immerse in Charles Keith shared with Weekender. the patriotic feeling, in a fun and memorable way! However the major highlight of the celebrations would have been the Where there were festive markets and breathtaking display of fireworks shopping festivals arranged, those at various locations, especially at who were looking forward to catching the Bahrain International Circuit the Land of Pearls in a trail of lights (BIC). Hosting a festival for the fifth decor, were also not disappointed. successive year, many residents took In radiance as the island shone in in the massive show on Dec16 and Weekend Cooking: red and white, different districts were 17, concluding the festivities in a creatively illuminated in light settings glorious way. Langos that were impressive to no ends. “I New tax Dec 21-27, 20172017| Weekender DT News Network Bahrain, December 2016, Manama authorising the committee WEEKENDER he new excise tax will to set up a time frame for EXCLUSIVE FOR come in to force from the application. earlyT 2018, Minister of The Finance Ministry DT NEWS Finance, Shaikh Ahmed has launched a new section SUBSCRIBERS bin Mohammed Al Khalifa covering all aspects of announced yesterday. the new tax on its official The tax rate, as per website https://www.mof. Excise Tax on Selected gov.bh. Items Law, would be 100 The excise tax comes from per cent for tobacco and Shaikh Ahmed as an incentive for the energy drinks, and 50 per session, Riyadh, December consumption of healthy cent for soft drinks. 2015, authorising the goods, limiting the use of P The minister’s Financial and Economic products with a negative announcement follows the Co-operation Committee impact on both health and promulgation of Law No to complete elements environment. (39) on the Ratification of required in this respect. The revenue from the 02 the GCC Unified Excise The resolution was new excise tax will also Trump threatens Tax Agreement and Law followed by the signing of enable the government to cut aid over No (40) on excise duty. the agreement by member to proceed with its Jerusalem vote The application of states of the group in development programmes the excise tax in Bahrain November 2016, and and contribute much early comes within the GCC eventually the Supreme to fill the revenue and Supreme Council Council resolution expenditure gap in the P resolution in its 36th in its 37th session, national budget. 04 Coalition to keep Boost for budget Red sea port open 2018 2 Thursday, December 21, 2017 HM King names new Under-Secretaries, envoy to Thailand Manama is Majesty King Hamad Hbin Isa Al Khalifa yesterday Trump named four new undersecretaries and appointed Ahmed Abdullah Al Hajiri as the new Head of Bahrain’s Diplomatic Mission, Ambassador Extraordinary and Plenipotentiary, in Thailand. threatens to Abdullah Ahmed Khamees Al Beloushi was appointed as Assistant Undersecretary for Technical Affairs and Abdullah Khalid Ahmed Al Dossari Assistant Undersecretary for cut aid over Radio and Television Affairs in the Ministry of Information Donald Trump: ‘Let Affairs. Abdulaziz Mohammed them vote against Ali Al Ashraf was named as us. We’ll save a lot. Assistant Undersecretary for We don’t care.’ Resources and Services in the Ministry of Industry, Commerce Jerusalem vote and Tourism. Washington US aid last year. But Trump’s of this country being taken or the security council, but states. “We are missing some Shaikha Hala bint onald Trump has comments may also resonate advantage of - we’re not going she is going to win some leadership here from the Mohammed bin Khalid Al threatened to withhold elsewhere – including in to be taken advantage of any votes in the US population,” US and this type of letter Khalid was announced as the “billions”D of dollars of US aid the UK which is hoping to longer.” the western diplomat is definitely not helping to Director General for Culture and from countries which vote in negotiate a quick post-Brexit In her letter, Haley wrote: said.
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