Al-Salam Bank announced on Tuesday (April 3, 2018) the resignation of Group CEO and Board member Yousif Abdulla Taqi.

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.

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.

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.

The Central Bank of Bahrain (CBB) has issued a circular for banks to set a ceiling on bank charges that can not be crossed.

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.

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.

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.

Bahrain has hired a high-profile US law firm to help convince the Donald Trump administration to go easy on new tariffs imposed on solid and aluminum imports.

The consumer price index in Bahrain for February 2018 increased by 0.7% in comparison with January 2018, as it reached 131.4 points versus 130.5 points in January, according to official statistics.

:The Ambassador of Bahrain to the United States Abdullah bin Rashid Al Khalifa said on Thursday (March 22, 2018) that the Kingdom of Bahrain is anticipating the Department of Commerce’s announcement regarding tariff exemption procedures, so that Bahrain can apply for an exemption.

Bahrain has hired BNP Paribas, Citi, Gulf International Bank, National Bank of Bahrain and Standard Chartered to arrange a series of fixed income investor meetings ahead of a potential multi-tranche dollar bond issue, a document from one of the banks showed on Thursday.

The European Union and six other economies will be exempt at least temporarily from the harsh steel and aluminum tariffs President Donald Trump has imposed, a top US trade official said Thursday.

The United Arab Emirates is asking Washington to exempt it from new U.S. tariffs on aluminum and steel and believes it has a strong case, a senior government official said on Tuesday.

An official source from the Central Bank of Bahrain said that published decision in the official gazette regarding the cancellation of the Representative Office license of «HSBC Bank PLC» affects this office “the company” affiliated to HSBC Bank and not the bank itself.

First deputy speaker of Shura Council Jamal Fakhro said the committee is committed to lifting subsidies offered to dual nationals.

By April 1, Bahrain will raise the price of natural gas produced from the Bahrain field to $3.25 per million thermal units, i.e. from a current $3 for industrial companies.

The foreign trade of non-oil goods report, issued by the Customs Affairs Authority, showed that Bahrain's total non-oil imports amounted to about 440.377 million dinars, i.e. equivalent to 1.171 billion USD last February.

President Donald Trump is negotiating with a number of countries over the possibility of providing exemptions to new U.S. tariffs on steel and aluminum imports, the White House said on Friday.

Kuwaiti Ambassador to Manama Azzam Mubarak Al Sabah revealed the size of trade exchange between Bahrain and Kuwait, saying that it increased in 2017 to $400 million.