Bahrain Mumtalakat Holding Company announced yesterday that it has acquired a fully leased office complex for The Lash Group in the Charlotte, Metropolitan area, in ​​North Carolina.

Bahrain exported more than 4.8 million tons of aluminum to 48 countries with a total value of BD 391.4 million during the third quarter of 2018.

An official at Bahrain Airport Services (BAS) has announced that the company has entered into a new concession agreement to provide ground services for a period of 15 years, ending by 2034, at the Bahrain Airport, scheduled to open by the end of 2019.

Although Bahrain's investment in US bonds rose by 1.98% in September on a monthly basis, it has been on the back of list of Gulf investments in bonds, following Saudi Arabia, the UAE, Kuwait and Qatar.

The seven local retail banks listed on the Bahrain Stock Exchange (BSE) posted a net profit of $873 million in the first nine months of 2018.

Bahrain has signed a $912 million deal with Bell Helicopter Textron Inc., to buy 12 AH-1Z Viper helicopters, Bahrain News agency reported on Thursday.

The National Bank of Bahrain announced yesterday the launch of the first mobile ATM in its efforts to make cash services accessible to customers.

The GCC Committee of Undersecretaries of the Ministries of Finance held a meeting on Monday, 5 November 2018, in Kuwait. The committee stated that there is an intention to expand the scope of goods covered by the selective tax.

Golden Gate Company launched a $212 million real estate project. The project is expected to be completed in 36 months as the piling work has already kicked off after the soft launch a few weeks ago.

The list of safest banks in the Middle East was free from any Bahraini institution, although the kingdom includes dozens of local, regional and international banks.

The Central Bank of Bahrain (CBB) lost 321.7 million BD of foreign assets ($848.7 million) within the first nine months of 2018.

Bahrain started expanding Bapco’s refinery, a project that will boost the capacity of the oil refinery to 360,000 barrels per day from the current 267,000 barrels.

Bahrain-based Gulf Aluminum Rolling Mill Company (Garmco) said its US subsidiary has been granted tariff exemptions to facilitate smooth imports from the kingdom.

Alba CEO, Tim Murray, said that the company is working with the Bahraini government in order to exempt its exports from taxes levied on aluminium imports in the United States.

Ministry of Works, Municipalities Affairs & Urban Planning proposed two days ago a tender to construct a new tire recycling factory as part of the state's approach to adopting environmental solutions.

The judicial Committee for the Settlement of Stalled Real Estate Projects decided to hold an auction for Amwaj Gateway, a stalled real estate project auction, on November 22, 2018. The auction will be held in Justice Affairs and Endowments Ministry headquarters, after decreasing the setting price from 36 million BD to 17.500.000 BD.

Finance Minister Ahmed bin Mohammed Al Khalifa said that they will contact the public opinion to explain the mechanisms of applying the Value Added Tax (VAT) before implementing it, indicating that they will give enough time to make sure that everyone has understood the application of this tax.

Bahrain's banking assets rose to $192 billion at the end of September 2018 compared to $189 billion in the same period last year.

The Chief Executive of the Supreme Council for the Environment, Mohammad bin Daynah, said that the sixth line of Alba’s plant will be operational by the end of 2018.

Dubai Mercantile Exchange, DME, has welcomed the latest Middle East oil producer to switch its crude oil pricing formula to include the DME Oman benchmark.