The cost of insuring exposure to Bahrain debt fell on Wednesday from record highs after Saudi Arabia, United Arab Emirates and Kuwait said they would support the country financially.

Bahrain sovereign dollar bonds rebounded sharply across the curve on Wednesday, after Saudi Arabia, United Arab Emirates and Kuwait said they would support the country financially.

Bahrain’s dinar rebounded sharply against the U.S. dollar in the spot market in early trade on Wednesday after Saudi Arabia, the United Arab Emirates and Kuwait pledged they would support the country financially.

Saudi Arabia, Kuwait and the United Arab Emirates will soon announce an integrated program to support Bahrain’s economic reforms and its fiscal stability, a joint statement from the three Gulf states said on Tuesday.

The cost of insuring exposure to Bahrain's sovereign debt spiked to a record high on Tuesday and sovereign dollar bonds fell to record lows as investors worried about the country's ability to avoid a funding crunch.

Bahrain is committed to keeping its currency pegged to the dollar, its central bank said on Tuesday, after the dinar fell in the spot market to a 17-year low because of concern about the country's rising public debt.

Bahrain’s dinar fell to a 17-year low of 0.38261 against the dollar in the spot market on Tuesday as hedge funds sold the currency in the forward market because of concern about the country’s rising public debt, bankers in the region said.

Bahrain's Judicial Committee for the Settlement of Stalled Real Estate Projects said that what was published in a local newspaper about the imminent sale of the Sunset Hills and Marina West projects at auction was false.

A number of cinemas in Bahrain have raised the price of entry tickets to 3.5 dinars as of mid- June, i.e is 16 percent increase compared to 3 dinars.

The cost of insuring Bahrain’s sovereign debt against default is at an historical high, amid continuing concerns over the country’s ability to tap international markets to stave off a potential financial crisis.

Bahrain’s central bank said on Wednesday it was raising its key policy interest rate by 25 basis points, from 2.00 % to 2.25%.

Bahrain’s BAPCO offered 500,000 barrels of Banoco Arab Medium crude to load in August, its first tender in four months, two traders with knowledge of the matter said.

Commenting on speech of Bahrain Businesswomen's Society president Ahlam Janahi in which said that her society will organize "awareness sessions" for the potential candidates for upcoming elections, the Ministry of Labour and Social Development slammed Bahrain Business Women's Society, saying that the society has no right to work in politics.

The government of Bahrain's slow fiscal response to past declines in oil prices has led to a large and growing stock of government debt, and gross international reserves are low and volatile, according to Standard & Poor's (S&P) report.

The Arab Insurance Group "Arig", listed in Bahrain and Dubai’s bourse, said that it ended the contract of service of Yassir Al-Baharna, the Chief Executive Officer (CEO), after 30 years of service.

Bahraini Crown Prince has called for developing necessary mechanisms for inviting and attracting international companies to invest in the new oil field.

Bahrain's Finance Minister, Ahmed bin Mohammed Al Khalifa, said Bahrain would repay its loans by re-borrowing amid an ongoing budget deficit.

The Bahraini dinar currency in circulation in all its categories outside the Central Bank of Bahrain (CBB) increased by 4.66% last April on an annual basis, according to data issued by CBB, reported Al-Ayam newspaper. The value of currency in circulation by the end of April reached 687.8 million BD, versus 655.9 million BD in the same month in 2017.

Mumtalakat Holding Company (Mumtalakat) has appointed Basim Al-Saie as the new chairman of the board of Gulf Aluminium Rolling Mill Company (Garmco).

Bahrain is considering a 10-year residency visa for foreign investors, state news agency BNA reported on Wednesday, following similar moves by neighbours Qatar and the United Arab Emirates.