Bahrain Mumtalakat Holding Company has acquired technology giant Lenovo's office campus in the United States.

Bahraini Crown Prince Salman bin Hamad Al Khalifa issued today Edict No. 1/2018, appointing a new board of directors for the Bahrain Economic Development Board (EDB).

The current political climate will limit the benefits of the value-added tax (VAT) in parts of the GCC, such as Bahrain, stated a new report from BMI Research.

A Bahraini MP (who refrained from mentioning his name) told Akhbar Al-Khaleej newspaper that “the current situation for the budget doesn’t allow to approve any new privileges to the citizens, whether on terms of doubling high cost allowance or adopting new allowance.”

Bahrain's BAPCO offered 500,000 barrels of Banoco Arab Medium crude to load in February, the second month that the producer has offered prompt loading supplies, a tender document reviewed by Reuters showed on Friday

Private bus drivers said that the increase in petrol price will make them increase their prices by 30%, if the competent parties do not reconsider this decision.

Bahrain’s market witnessed an increase in the prices of a large number of food products by 10-20% rate after good (Jayyid) and excellent (Mumtaz) petrol prices surged.

The increase in petrol prices after a decision issued by the Oil and Gas Authority on Monday (January 8, 2018) angered the citizens and residents in Bahrain.

Bahrain has increased petrol prices unexpectedly in phone calls made by the National Oil and Gas Authority officials to the country's refueling stations.

A local newspaper said on Monday (January 8, 2018) that the government plans to borrow 8 billion BD ($13 billion).

Bahrain raised the ceiling of public debt to an unprecedented level when it approved a law to raise the borrowing limit to 13 billion dinars, which constitutes more than 80% of state revenues.

Statistics issued by Central Information Agency stated that the number of vehicles in Bahrain reached 700 thousand until 2016; i.e. a 52% increase during the past 10 years, starting from 2006 (337 thousand vehicles).

With the beginning of 2018, Diesel prices will increase according to timeline for reconsidering fuel prices. Diesel prices will increase to 160 fils per liter and to 180 fils with the beginning of 2019.

The local “Akhbar Al-Khaleej” newspaper said that those who have the right to vote in the 29th election session of the Chamber of Commerce and Industry reached about 100.000 voters.

Minister of Industry, Commerce and Tourism Zayed Al-Zayani issued a number of decisions suspending and refusing renewal for 15 tourist facilities, for breaching the obligations and touristic legislative provisions in a way that harms the national tourism interest. The decisions included facilities in number of hotels.

Bahraini Finance Minister Ahmed bin Mohammed Al Khalifa said that Bahrain will start implementing the selective tax law as of early 2018, i.e. 10 days from now.

45 candidates will run the elections of the Bahrain Chamber of Commerce and Industry that is to be held on March 10. It is to note that this will be the 29th election session for the board of directors. This session will witness momentum of old candidates and new youth candidates.

The European Union has published its first blacklist of tax havens, naming 17 territories including three Arab countries: Bahrain, United Arab Emirates and Tunisia.

Bahrain will join a group of countries committed to fighting corporate tax avoidance as it seeks to be taken off the European Union's tax-haven blacklist, the Bahraini Ministry of Finance said on Thursday.

The Shura Council approved in its session held recently a bill that provides for the deduction two dollars from every barrel of crude oil whose price exceeds $80.