logo
MPs Back 10% Tariff on US Imports

MPs Back 10% Tariff on US Imports

Daily Tribune15-04-2025

MPs have voted to slap a 10 per cent tariff on goods arriving from the United States, describing the measure as a direct response to American duties on Bahraini exports.
The proposal was raised as a matter of urgency by Second Deputy Speaker Ahmed Qarata, backed by four others, and cleared during Tuesday's parliamentary session. It draws on a clause in the Bahrain–US Free Trade Agreement which allows reciprocal treatment.
'This proposal seeks to impose a 10 per cent customs duty on imports from the United States, in line with the principle of reciprocity,' said Mr Qarata during the debate.
He told MPs the idea came on the heels of a recent move by the US administration to apply new tariffs to products from several countries, with Bahrain among them. A 10 per cent charge was placed on certain Bahraini exports.
'In response, and applying the same rate, we are putting forward this urgent proposal to tax American imports accordingly,' he said.
Mr Qarata added that the tariff could bring in extra income for the public purse, with the funds channelled into other areas of government spending.
The matter will now be passed to ministers for review.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Dubai Metro Blue Line To Have World's Highest Metro Station
Dubai Metro Blue Line To Have World's Highest Metro Station

Gulf Insider

time14 hours ago

  • Gulf Insider

Dubai Metro Blue Line To Have World's Highest Metro Station

The Dubai Metro will soon be home to the world's highest metro station. While laying the foundation stone of the Dubai Metro Blue Line, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, also approved the distinctive architectural design of the iconic Emaar Properties Station, the highest metro station in the world, standing at 74 metres. Inspired by the concept of a crossing gateway, the station was designed by the renowned American architectural firm Skidmore, Owings & Merrill (SOM), one of the world's leading design studios. The firm's portfolio includes iconic landmarks such as the Burj Khalifa, the Olympic Tower in New York, and the Sears Tower in Chicago. The station is designed to integrate harmoniously into the existing urban environment and embodies the vision of 'Dubai: A Gateway to the Future'. Covering an area of approximately 11,000 square metres, the station is designed to accommodate up to 160,000 passengers per day, with the number of daily users expected to exceed 70,000 by 2040. With the completion of the Blue Line project, Dubai's rail network will expand to a total of 131 km, comprising 78 stations and 168 trains. The Dubai Metro has transported over 2.527 billion passengers from its launch on 9/9/2009 through the end of 2024. The Metro recorded a daily average of 900,000 passengers in 2024. Ridership has grown steadily over the years, from 38.887 million in 2010 to 69 million in 2011, reflecting a growth rate of 77 per cent. It continued to rise to over 109 million passengers in 2012, before surpassing 200 million in 2017, jumping to 260 million in 2023 and hitting 275.4 million in 2024. According to studies, the number of Dubai Metro passengers is expected to exceed 300 million in 2026 and reach 320 million by 2031. His Highness was also briefed on the expansion of metro stations. The service began in 2009 with 10 stations, reaching 26 stations in 2010 and growing to 46 stations in 2011. By 2014, the Dubai tram started operations, and the number of metro and tram stations soared to 56. In 2021, the launch of the metro's Route 2020 added seven more stations, raising the total to 64. The upcoming Blue Line will add 14 new stations to the network, which will bring the total number to 78. His Highness was also briefed on the growth in the number of trains, which rose from 16 at the Metro's launch in 2009 to 44 in 2010. The figure reached 79 trains by 2011 and increased to 90 with the inauguration of the Dubai Tram in 2014, further expanding to 140 by 2021. With the Blue Line coming into operation, the total number of trains will increase to 168, comprising 157 metro trains and 11 tram trains. The interior design of the station is curated to create a sense of luxury. Towering walls rise elegantly, finished in natural textures and warm, earthy tones that strengthen the connection to the land, reflect the spirit of place, and embody the community's resilience and cohesion. The overall architectural language creates a welcoming and inclusive atmosphere for all visitors. The material palette features premium, durable finishes such as Jura limestone and bronze metal wall panels at the platform level, complemented by robust granite flooring. At both the lobby and platform levels, glass ceiling panels allow natural light to permeate the space, enhancing the feeling of openness and elevating the overall passenger experience. The combination of natural stone and polished metal creates a balance between elegance and sophistication, giving the station a distinctive character that unites tradition with modernity. The station's construction materials were meticulously chosen to reflect a blend of heritage and modernity, incorporating stone, glass, and bronze, forming a symbol of Dubai's continuous pursuit of progress. Its dynamic form and architectural scale create a distinctive visual presence. Sustainability, longevity, and resilience to operational and climatic conditions were central to the selection process, supporting the station's ambition to meet the highest standards of environmental efficiency. During the ceremony, it was announced that Emaar had secured the naming rights for the iconic Emaar Properties Station for 10 years, starting from its official inauguration in 2029. The next phase will include announcements regarding naming rights for other stations along the Blue Line.

Bahrain Builds Crypto Hub
Bahrain Builds Crypto Hub

Daily Tribune

time21 hours ago

  • Daily Tribune

Bahrain Builds Crypto Hub

TDT | Manama As Bitcoin rebounds globally, Bahrain is quietly building its own digital gold rush. Supported by progressive regulation and hightech infrastructure, the Kingdom is emerging as a serious contender in the global cryptocurrency mining market, and one Bahraini firm says it is only the beginning. Rising global role Crypto Miners, a company specialising in the sale, installation, and maintenance of mining equipment, says the sector's growing momentum within Bahrain is helping reinforce the Kingdom's position as a competitive regional hub with global potential. The company believes this development is also drawing more foreign direct investment into Bahrain's digital economy. 'Bahrain's financial ecosystem and regulatory clarity give us the ability to grow sustainably and export our services abroad,' said Wassim Saaduddin, Technical Sales Manager at Crypto Miners. He added that the Kingdom is uniquely placed to serve as a launchpad for international crypto operations, thanks to its policy stability and infrastructure. Infrastructure and awareness At the core of Crypto Miners' strategy is a vision to localise this high-tech industry, building critical infrastructure , training Bahraini talent , and supporting knowledge transfer. The company also sees awareness as essential to sustainable sector growth, and says it actively runs public engagement campaigns to help familiarise Bahrainis with digital currencies and blockchain. 'As part of our corporate social responsibility, we're committed to raising awareness about digital assets and creating safe, reliable investment pathways,' Saaduddin noted. Aligned with national vision Crypto Miners says its longterm efforts are in full alignment with Bahrain's Economic Vision 2030, which prioritises innovation, digital transformation, and sustainable growth. The company believes that positioning Bahrain as a regional and global leader in crypto mining is not only realistic, but already in progress. With firms like Crypto Miners anchoring the sector, Bahrain appears to be gaining traction in a space once dominated by much larger economies.

Kingdom congratulates Jordan on Accession Day
Kingdom congratulates Jordan on Accession Day

Daily Tribune

time21 hours ago

  • Daily Tribune

Kingdom congratulates Jordan on Accession Day

Representatives Speaker Ahmed bin Salman Al Musallam and Shura Council Chairman Ali bin Saleh Al Saleh sent two congratulatory cables to Ahmad Al Safadi, Speaker of House of Representatives, and Faisal Akef Al Fayez, President of the Jordanian Senate, on His Majesty King Abdullah II's accession to the throne anniversary. Al Musallam and Al Saleh praised the depth of the Bahraini-Jordanian bilateral relations and cooperation, supported by His Majesty King Hamad bin Isa Al Khalifa, and His Majesty King Abdullah II of Jordan. The Speaker and Chairman also sent similar cables to His Excellency Rami Saleh Wreikat Al Adwan, Jordanian Ambassador to Bahrain.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store