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Bahraini Companies Begin Paying Aluminum Export Tariffs to US, Awaiting Exemption Decision
2018-04-12
Bahraini aluminum companies have started paying the 10 percent US export tariff imposed by the US administration, officials said.
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RERA Calls for Expediting Registration of Companies, Warns of Legal Measures
2018-04-12
Real Estate Regulatory Authority called on development companies, brokerage and valuation firms and real estate owners to expedite registration of their companies, offices and projects before the expiration of the grace period stipulated by the law.
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Bahrain Asked Credit Rating Agencies to Improve their Financial Status after Oil Discovery
2018-04-12
The Central Bank of Bahrain (CBB) said it had approached credit rating agencies to improve Bahrain's credit status in light of the country's biggest oil discovery.
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Election of Al Salam Bank New Board of Directors Headed by Khalifa Al-Muhairi
2018-04-11
Al Salam Bank Bahrain announced the election of its new Board of Directors by its Ordinary General Assembly in its meeting held at the Four Seasons Hotel on March 22, 2018.
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Gulf Air Receives First Boeing 787 Dreamliner
2018-04-06
Gulf Air Company revealed on Thursday (April 5, 2018) its expansion plan for 2018 through flights to 50 destinations.
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Reuters: Bahrain’s Bapco Approaches Banks for Multi-Billion Refinery Expansion
2018-04-06
State-run Bahrain Petroleum Company (Bapco) has approached banks to sound their appetite for the financing needed to back the capacity expansion of the existing Sitra oil refinery, a project expected to cost well in excess of $5 billion, sources familiar with the matter said.
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Jassim Al-Seddiqi Appointed Chairman of Khaleeji Commercial Bank
2018-04-06
The Khaleeji Commercial Bank in Bahrain announced the appointment of Jassim Mohammed Al-Seddiqi as Chairman of the Board of Directors.
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Commerce Minister Says Manama Market Development Will Take Up to 36 Months
2018-04-06
Bahrain's Minister of Industry, Commerce and Tourism Zayed bin Rashid Al-Zayani predicted that the development of the Manama market would take 18 to 36 months.
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Bahrain Expects to produce 200,000 bpd from New Oilfield - Paper
2018-04-04
Bahrain expects to produce 200,000 barrels per day from its newly discovered oilfield, the daily Al-Ayam reported on Wednesday.
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Al-Salam Bank Says CEO Yousif Abdulla Taqi Resigns Due to “Personal Reasons”
2018-04-04
Al-Salam Bank announced on Tuesday (April 3, 2018) the resignation of Group CEO and Board member Yousif Abdulla Taqi.
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Reuters: Bahrain Discovers Largest Oilfield in Decades
2018-04-02
Bahrain said on Sunday it had discovered the country’s largest oilfield in decades, located off the west coast of the kingdom, according to state news agency BNA.
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Bahrain Says it may Return to Global Market after Calling off Part of Bond Issue
2018-03-29
Bahrain may return to the international debt market to raise funds later this year, its central bank said on Thursday, after investors’ concern about its rising public debt level caused it to call off part of a planned bond issue this week.
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CBB: Bahrain Succeeded in Borrowing $1 Billion from International Markets
2018-03-29
The Central Bank of Bahrain said that Bahraini government successfully priced a Rule 144A/RegS international USD 1 billion 6.875% Oct-2025 sukuk offering. The transaction received strong global investor interest, with the orderbook peaking at around USD 2.1 billion (2.1x of the total amount raised) from more than 100 investors.
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Bahrain Airport Company Issues Tender for Hala Bahrain Lounge Catering
2018-03-29
Bahrain Airport Company (BAC) issued a new public tender for catering services at Hala Bahrain lounges at Bahrain International Airport.
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Central Bank of Bahrain Obligates Banks to Set Ceiling on Service Charges
2018-03-29
The Central Bank of Bahrain (CBB) has issued a circular for banks to set a ceiling on bank charges that can not be crossed.
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BAPCO Invests $4 Billion to Increase Refinery Capacity Production by 2022
2018-03-27
Oil Minister Mohamed bin Khalifa Al Khalifa said on Monday (March 26, 2018) that his country would invest $4 billion to increaee the production capacity of the refinery.
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Bahrain Gives No Details on New Gulf Financial Aid during Bond Roadshow
2018-03-27
Bahraini officials conducting a roadshow for investors ahead of a possible sovereign bond issue have not disclosed details of additional financial support that the country may receive from its Gulf neighbours, fund managers at the meetings said.
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Bahrain's Petrol Prices Adjustment only Saves 26 Million Dinars a Year
2018-03-27
Bahraini Oil Minister Mohammed bin Khalifa Al Khalifa said that the volume of revenues and savings expected from the adjustment of the price of petrol is estimated at 26 million dinars a year.
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Central Bank of Bahrain Denies Cancelling License of Turkish Bank
2018-03-26
The Central Bank of Bahrain (CBB) denied that it had cancelled the license of Turkiye Is Bankasi AS, a conventional wholesale bank (branch) licensed in Bahrain.
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Base Metals Hit Multi-Month Lows on Trade War Fears
2018-03-25
Base metals hit multi-month lows on Friday as the threat of a global trade war escalated after U.S. President Donald Trump announced tariffs on up to $60 billion of Chinese goods.