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Bahrain's Oil Reserves will Last Less than 7 Years, New Discovery could Extend it to 33 Years: Report
2018-04-30
An economic find said that Bahrain's onshore oil reserves, which the US Energy Information Administration (EIA) estimates at 125 million barrels, will last less than 7 years at the current rate of production.
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Research Institute: Bahrain’s Construction Market Proliferates Rapidly Although It Tumbled in 2017
2018-04-28
An international research institute has issued a report on the construction market in Bahrain and its opportunities to 2022. According to estimations, output from the Bahraini construction industry proliferated at an annual average of 4.8% over the review historical period of 2013–2017.
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Average Salaries in Bahrain Lower by 25%, Workforce Decreases for First Time in 5 Years
2018-04-28
The “Gulf Business” magazine said that the annual salary survey it has recently conducted on Gulf States showed that the average salary in Bahrain for 2017 was 25% lower than the previous year.
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Bahrain’s Economic Growth Won’t Exceed 2.3% in 20The International Monetary Fund (IMF) expected that Bahrain’s GDP will not increase more than 2.3% in 2019.19, IMF Expects
2018-04-26
The International Monetary Fund (IMF) expected that Bahrain’s GDP will not increase more than 2.3% in 2019.
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Alba Announces Completing Hiring Process of 500 Employees in New Smelter
2018-04-26
Aluminium Bahrain (Alba) announced that it has successfully completed the hiring process of 500 individuals for its Line 6 Expansion Project.
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Bahrain's Alba Seeks Exemption from U.S. Aluminum Tariffs: CEO
2018-04-26
Aluminium Bahrain (Alba), owner of one of the world’s largest aluminum smelters, is seeking an exemption from U.S. tariffs, its chief executive said on Tuesday.
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Bahrain Resumes Importing Saudi Cement after Riyadh Stopped Fees on Imports
2018-04-25
Bahraini companies resumed importing cement from Saudi Arabia after the latter retracted imposing fees on exports.
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Reuters: Bahrain's Gulf Air Looks to Middle East Routes in Path to Profitability
2018-04-23
Bahrain’s Gulf Air is counting on Middle East routes to help drive passenger growth and turn around the loss-making airline, its deputy chief executive said on Sunday.
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Analysts: Oil Discovery Won't Yield “Significant Economic Windfall” for Bahrain
2018-04-23
Oil and gas analysts at BMI Research said that they do not expect Bahrain’s recent discovery of a large oil and gas field to yield a “significant economic windfall” for the country.
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Bahrain Filed Formal Request for Exemption from Duties on Aluminum and Iron Last Month, Says Minister
2018-04-21
Bahraini Minister of Industry and Commerce said the Ministry is in constant contact with the US regarding the exemption of Bahrain from customs duties levied on imports of aluminum and iron.
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3 Mln Fine Expected for Company that Failed to Pay Amwaj Gate Auction Value
2018-04-20
A Bahraini judicial committee has begun legal proceedings against an investor who has failed to commit to his obligation to pay the auction value of the stalled Amwaj Gate project.
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Moody’s: Oil Discovery in Bahrain Could Stimulate Investment if Int’l Companies Verified it is Recoverable
2018-04-19
The oil discovery announced by Bahrain , if verified by an international oil consortium as being technically and economically recoverable, could stimulate private investment in the country's energy sector in the near term, according to Moody’s.
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Analysis: Extracting Oil from Discovered Bahraini Field would be First of its Kind in World if Successful
2018-04-19
A report issued on World Politics Review website stated that the nature of the new oil discovery in Bahrain is “an offshore shale oil field, which if successful would be the first of its kind in the world.”
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Report: 9,950 Freehold Apartment Units in Bahrain amid Weak Demand, Price to Face Pressure
2018-04-19
A report issued by CBRE said that Bahrain's freehold apartment sector is poised for solid growth with a pipeline supply of almost 7,000 units planned for delivery over the next three years.
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Investcorp Purchases Office Real Estates in German’s City of Stuttgart Worth €80 Million
2018-04-19
Investcorp, a leading global provider and manager of alternative investment products (whose headquarters is in Bahrain), announced that it has purchased Bürocampus Wangen, based in Stuttgart, Germany for approximately €80 million. The acquisition represents Investcorp's first real estate investment in Germany.
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Bahrain: Khalifa Bin Salman Port Running at Less than Half of Its Capacity
2018-04-17
Mark Hardiman, chief executive and managing director of facility operator APM Terminals (APMT) Bahrain, said that “Bahrain’s Khalifa Bin Salman Port (KBSP) is currently operating at 45% of its capacity,” hoping that the port’s operations would be doubled. He added that APMT Bahrain aimed to make “the full use” of the dock in the coming years.
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Report: Bahrain Video Surveillance Market Records Positive Demand, Expected to Grow 8% Annually
2018-04-17
A new report said that Bahrain is continuously registering positive demand for physical security systems from all major verticals, predominantly government and transportation, retail and BFSI; wherein, video surveillance segment recorded majority of deployment
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Central Bank of Bahrain's Net Foreign Assets Drop to Six-Month Low
2018-04-14
Net foreign assets at Bahrain’s central bank dropped to a six-month low of 604.8 million dinars ($1.60 billion).
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Bahrain: Reverse Auctions Worth BD 3.7 Bln Last Year, Minister
2018-04-13
Chairman of the Tender and Auction Board, Bassem Al-Hamr, revealed that “the Board has placed tenders worth more than 3.7 billion dinars in 2017”.
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Batelco Distributes BD 42.5 Mln Monetary Dividends to Shareholders
2018-04-12
Batelco Ordinary General Assembly approved a monetary dividend of BD 42.58 million, i.e. 25% of the paid capital equivalent to 25 fils per share.