Latest news with #BD40
Zawya
14-04-2025
- Business
- Zawya
MPs in Bahrain propose to raise pensions by 3%
Bahrain - The elderly could receive a three per cent increase in their pensions for five continuous years if surpluses are recorded in funds, following a parliamentary move. A proposal to amend the 2020 Pension Law has been submitted yesterday by five MPs led by Parliament's services committee chairwoman Jalila Al Sayed. At the moment, the legislation stipulates if proper surpluses are available in pension funds, 3pc pay rises could be given. According to Ms Al Sayed, it doesn't state what constitutes as proper surpluses or the period the pay rises would be given for. Pension increases have been suspended since 2022. However, they have been replaced by a flat BD40 monthly pension support allowance in the 2023-2024 national state budget. It has been increased by a flat BD20 monthly in the 2025-2026 national state budget. 'The allowance doesn't replace the 3pc pay rise entitlement, which should continue being given whenever there are proper surpluses,' said Ms Al Sayed. 'We don't know what proper surpluses mean, how it gets calculated and actually we don't know if there are surpluses in pension funds covering government, private and security personnel sectors. 'For that reason we are proposing an amendment that states disclosing financial statements with a note on surpluses and, if recorded, then 3pc pay rises should be given for five continuous years.' The proposed amendment has been referred by Parliament Speaker Ahmed Al Musallam to Ms Al Sayed's committee for immediate review. mohammed@
Daily Tribune
14-03-2025
- Business
- Daily Tribune
Court orders BD40,500 paid over bounced cheque in property transaction
TDT | Manama A Bahraini man believed he had arranged a successful sale when his property fetched BD50,000, but the deal fell apart upon discovering that BD40,500 of the proceeds were covered by a cheque that later bounced. Court papers indicate he relied on a contracting company and its intermediary to manage the transaction. He received part of the funds, then waited for the remainder. The intermediary claimed to be investing the outstanding portion with a property firm, but the money never materialised. Attempts After several attempts to recover it, the seller was given a cheque, which the bank ultimately refused. According to his lawyer, Kaltham Al Koheji, the man had entrusted the broker with overseeing the entire process. When the time came for payment, most of the funds were missing, and the broker produced a cheque that lacked sufficient funds. Tensions During the civil hearing, the defendant asserted that the cheque was never intended to be cashed, describing it as a measure to ease household tensions. However, the court noted that the broker had already been criminally convicted of issuing a cheque with insufficient funds. WhatsApp messages between the parties indicated they had discussed settling the shortfall in monthly instalments, suggesting the cheque was intended as genuine payment. Evidence After reviewing the evidence, the High Civil Court concluded that the cheque served a legitimate purpose — to cover the missing portion of the property sale — and that the issuer had acknowledged his debt on multiple occasions. The court ordered both the broker and the contracting company, held liable on agency grounds, to pay BD40,500 plus four per cent annual interest from the date it became due until it is fully paid.
Gulf Insider
13-03-2025
- Business
- Gulf Insider
Bahrain: Court Orders BD40,500 Paid Over Bounced Cheque in Property Transaction
A Bahraini man believed he had arranged a successful sale when his property fetched BD50,000, but the deal fell apart upon discovering that BD40,500 of the proceeds were covered by a cheque that later bounced. Court papers indicate he relied on a contracting company and its intermediary to manage the transaction. He received part of the funds, then waited for the remainder. The intermediary claimed to be investing the outstanding portion with a property firm, but the money never materialised. Attempts After several attempts to recover it, the seller was given a cheque, which the bank ultimately refused. According to his lawyer, Kaltham Al Koheji, the man had entrusted the broker with overseeing the entire process. When the time came for payment, most of the funds were missing, and the broker produced a cheque that lacked sufficient funds. Tensions During the civil hearing, the defendant asserted that the cheque was never intended to be cashed, describing it as a measure to ease household tensions. However, the court noted that the broker had already been criminally convicted of issuing a cheque with insufficient funds. WhatsApp messages between the parties indicated they had discussed settling the shortfall in monthly instalments, suggesting the cheque was intended as genuine payment. Evidence After reviewing the evidence, the High Civil Court concluded that the cheque served a legitimate purpose — to cover the missing portion of the property sale — and that the issuer had acknowledged his debt on multiple occasions. The court ordered both the broker and the contracting company, held liable on agency grounds, to pay BD40,500 plus four per cent annual interest from the date it became due until it is fully paid.
Gulf Weekly
06-03-2025
- Entertainment
- Gulf Weekly
Global flavours, good cheer
STEP into the enchanting ambience of the Ritz-Carlton, Bahrain's Masaya Pavilion this Ramadan. It features freshly prepared iftar and ghabga delicacies and a great selection of international live stations, including pistachio kunafeh crepe station, pistachio chocolate fountain and traditional Gulf ouzi. A mix of global flavours, from local classics to international favourites, also promises to delight your senses. Iftar is available from sunset to 8pm at BD40 and ghabga from 9pm to 2am at BD45. Children aged six to 12 enjoy a 50 per cent discount while those under five dine for free. A special rate is available for groups of 30 and above.
Gulf Insider
04-03-2025
- Politics
- Gulf Insider
Elderly Woman Wins Decades-Long Legal Battle To Keep Home She Fully Paid For
An elderly Bahraini woman has been fighting for 25 years to secure ownership of a home she fully paid for. A last-minute Court of Cassation ruling overturned previous decisions, preventing her eviction over a debt tied to one of the seller's heirs. Her lawyer, Nabeel Al Qassab, said the dispute dates back to 2000, when she bought a government housing unit in Sanad from a Bahraini man for BD80,000. She made the payment in three instalments, sealing the deal through an initial contract dated 15 July 2000. The contract was signed by one of the seller's sons, who acted as his father's agent. She received the house deed, but because the property was under a 17-year restriction as a government housing unit, she couldn't register it in her name at the time. The real trouble began after the seller passed away. One of his heirs had racked up a BD40,000 debt, and the property was pulled into an enforcement case to settle it. A court order was issued to auction the house to cover what was owed. In response, she lodged a lawsuit to have the house removed from the enforcement file, arguing that the sale had been completed long before the debt was an issue. She also sought to have the seizure order overturned and the ownership transferred to her. During proceedings, the court allowed witness testimony to establish that she had taken possession of the house from the time of purchase and had paid the full price. But the Court of First Instance threw out her claim, ruling that the sale violated restrictions imposed by the Ministry of Housing. She appealed, with her lawyer urging the court to seek clarification from the ministry. He argued that the restrictions had been put in place for the ministry's benefit, and since the ministry had no objections to the transfer, the case against her should be dismissed. The Court of Appeal, however, refused the appeal and upheld the earlier judgment. That left her with no option but to take the matter to the Court of Cassation. In its ruling, the top court found that her appeal rested on a claim that the lower court's decision was legally flawed, misread case documents, and failed to uphold her right to defend her claim. Earlier judgments had determined that the house was subject to a ten- year restriction on sale from the date the ownership document was issued to the seller's heirs. The contract she relied on was ruled as having no legal weight against them. Also read: Blogger Awarded BD400 Over Emotional Distress
