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47 % of Business Records Owned by Bahraini Females
2018-07-21
Secretary General of the Supreme Council of Women Hala Mohammed Al-Ansari said that the percentage of individual records owned by Bahraini women in 2018 reached 47%.
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Kuwait to Buy Investment Shares Owned by Pension Fund within Financial Plan to Rescue Bahrain: Newspaper
2018-07-20
Kuwaiti official sources said that Kuwait is to buy shares owned by Public Authority for Social Insurance (pension fund) in Bahraini companies, within its plan to help rescue Bahrain financially.
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EU, Switzerland, U.S. Complain about Gulf Excise Tax at WTO
2018-07-18
The European Union, Switzerland and the United States have complained at the World Trade Organisation about an excise tax imposed by several Gulf Arab states on carbonated and energy drinks, according to notes of a WTO meeting and diplomatic sources.
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Bahrain’s Ahli United Jumps on Merger News amid Weak Gulf Markets
2018-07-18
Most Middle East stock markets shed value on Tuesday, hit by a drop in oil prices and reflecting a slump in global stocks.
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IMF Emphasizes Need to Impose Corporate Income Taxes in Bahrain, Expects Slow Economic Growth
2018-07-17
The International Monetary fund (IMF) expected on Sunday (July 15, 2018) that Bahrain’s growth is to decelerate over the medium term due to the large and growing debt bill. IMF said that reserves remain low, covering only 1.5 months of prospective non-oil imports at end 2017.
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Broadband Services in Bahrain Record Lowest Prices in Arab Region, Mobile Local Calls Dropped by 15%- TRA
2018-07-16
Bahrain's Telecommunications Regulatory Authority (TRA) published a report on the retail price benchmarking study of telecommunications services in Arab countries for 2017.
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Economic Growth in Bahrain Witnesses Decline in Q1 2018 due to Reduction in Oil Production (Official Statistics)
2018-07-16
Official information published by the Information and eGovernment Authority in Bahrain showed a decline in the country’s gross domestic product (GDP) and economic growth rate in the first quarter of 2018, compared with the first quarter of 2017.
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Bahrain: Real Estate Trading in First Half of 2018 Reached Half Million USD, Real Estate Transactions Increased 21%
2018-07-15
President of the Survey and Land Registration Bureau (SLRB) Salman bin Abdulla Al Khalifa announced that trading in real estate in the Kingdom of Bahrain in the first quarter of 2018 reached about half million BD, indicating that the real estate and services sector achieved 3.8% growth and that the number of real estate transactions during the first half of this year increased by almost 21%.
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Bahrain's Economy Shrinks in Q1 as Oil Production Sags
2018-07-12
Bahrain's gross domestic product, adjusted for inflation, shrank 1.2 percent from a year earlier in the first quarter of 2018 as oil production sagged, data from the official statistics agency showed on Wednesday.
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Bahrain has been Working with Advisory firm Lazard
2018-07-04
Bahrain has been working with asset manager and advisory firm Lazard for several months, a source close to the matter said.
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Bahrain Hotel Sector Going through a Rough Time, Occupancy Dropped to 25% in May
2018-06-29
The latest report by analytics firm STR has revealed some troubling numbers regarding Bahrain's hotel industry, stressing that Bahrain's tourism market suffered from a decline in key performance indicators in May.
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Fitch: Gulf Support to Bahrain May Be through Allowing it Larger Share of Abu Safa'a Oil Field
2018-06-29
Fitch Rating said in a statement reported by Reuters that the financial support for Bahrain, being prepared by the GCC, will ease near-term external financing pressures, but a more durable improvement in Bahrain's financial position will depend both on the scale and nature of GCC support and on Bahrain's ability to implement fiscal reform.
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Bloomberg: Bahrain Promises to Repair Finances as Kingdom Awaits Gulf Aid
2018-06-29
Bloomberg, the economic news website, said Bahrain pledged to implement steps to repair its strained finances widely seen as crucial to help the kingdom receive support from Gulf Arab allies.
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Bloomberg: Bahrain Debt Risk Rises Most on Record Amid Gulf Aid Silence
2018-06-29
The absence of any signal of financial aid from Bahrain’s neighbors sent the kingdom’s credit risk rising the most in emerging markets this month, reported Bloomberg in a report published on Tuesday.
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Reuters: Bahrain Dinar, Bonds Rebound after GCC Allies Promise to Avert Debt Crisis
2018-06-28
Bahrain’s dinar recovered from 17-year lows and its bond prices rebounded on Wednesday after the country’s diplomatic allies in the Gulf pledged to prevent its ballooning public debt from triggering a financial crisis.
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Large and Flexible Gulf Aid will Bolster Bahrain Rating: Moody's
2018-06-28
Ratings firm Moody's said on Thursday that Bahrain's B1 credit rating will be supported by aid pledged by other Gulf countries this week, as long as it is large and flexible.
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Bahrain Steel Says Anglo Declared Force Majeure on Contract after Spills
2018-06-28
Anglo American has suspended a contract to supply Bahrain Steel with iron ore, the Gulf-based company said, in the latest headache for the miner’s troubled Brazilian project after spills from a pipeline that carries the commodity to port.
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AFP: Bahrain Says Gulf Allies to Boost Financial Support
2018-06-28
Bahrain said on Wednesday that its Gulf allies are to unveil a new support package to shore up its finances, which have been strained by seven years of persistent civil unrest.
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Bahrain Confirms It Will Receive Financial Support from Saudi Arabia, the UAE and Kuwait
2018-06-28
The Bahraini Minister of Finance Ahmed bin Mohammed Al Khalifa has confirmed that Bahrain will receive financial support after the dinar sank to a 17-year low.
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Saudi Arabia, Kuwait & UAE Consider Options for Supporting Bahrain after Dinar Decline
2018-06-28
A number of gulf states said that they are considering options to financially support Bahrain, hours after the dinar currency plummeted to its lowest rates in 17 years against the US dollar on Tuesday.