State-run Bahrain Petroleum Co (Bapco) has awarded a consortium led by UK-based TechnipFMC a contract to expand Bahrain's only oil refinery, sources close to the matter told Reuters on Friday.

S&P Global Ratings on Friday lowered Bahrain’s long-term foreign and local currency sovereign credit ratings on Bahrain to ‘B+’ from ‘BB-'.

Average daily rates (ADR) at Bahraini hotels fell to its lowest October mark for 11 years, according to new data released by analysts STR.

The Minister of Cabinet Affairs Mohammed Al-Mutawa demanded to impose a tax on income in Bahrain, stressing that the challenge Gulf States face is remaining rentier states that depend on oil in feeding their budgets. Al-Mutawa pointed out that Bahrain depends on oil in 86% of its budget.

Bloomberg, the economic news website, said in a report that emerging-market money managers are looking to identify countries that might run into trouble down the road.

The judicial Committee for the Settlement of Stalled Real Estate Projects set November 29 as a date of Amwaj Gateway project auction.

Bahrain dollar bonds fell across curve on Wednesday, as assets across the region continued to drop in the wake of a sweeping anti-graft crack-down in Saudi Arabia.

The Parliament approved in its session (Tuesday November 7, 2017) the regulations of the agreement that unifies the GCC selective taxation, and thus they went contrary to the recommendations raised by the financial committee.

Yields on Bahrain's international bonds inched up after a report that the kingdom was seeking financial aid from its Gulf allies but traders said there was no panic in the market, suggesting investors believe Manama can count on help from other states.

The sale of the stalled Amwaj Gateway project has been postponed to November 29. The judicial Committee for the Settlement of Stalled Real Estate Projects announced the postponement of the public auction to protect the rights of all parties and allow more time for potential buyers.

The committee in charge of settling stalled real estate projects in Bahrain announced the closure of the Juffair Views project after the distribution of the sale proceeds of the project to the purchasers of the 58 units over a period of 24 days.

Batelco announced that it has achieved profit of BD25.2M (US$66.8M) until third quarter of 2017 .The Group has maintained stable revenues with increases over the previous quarter and over Q3 2016

Bahrain’s central bank governor said on Thursday that stricter international bank rules, known as Basel III, had gone too far and banks had been burdened with too much regulation.

CEO of Gulf State Analytics, Giorgio Cafiero, said in an article in the “Al-Monitor” that tensions between Bahrain and Qatar have reached an enormously high level. Last month, Bahrain’s Shura Council condemned Doha’s alleged “coordination and cooperation” with the Arabian archipelago country’s Shiite opposition and Iran “to spark chaos” amid the unrest of 2011.

Saudi Arabia launched commercial courts in three main cities last month, its justice minister said, a move aimed at easing investment to help wean the kingdom off its reliance on oil by diversifying the economy.

Bahrain plans to export less shipments of BANOCO Arab Medium crude oil in December due to pre-planned maintenance of an oil field, trade sources said.

The Bahraini Minister of Works, Municipal Affairs and Urban Planning Eng. Essam Khalaf announced the implementation of new fees for agricultural and veterinary services.

The Al-Ayam local newspaper said that the government tends to increase the postal services fees to change the sector into a “profitable government association”, instead of providing postal services in return for symbolic fees.

U.S. President Donald Trump’s hardened stance towards Iran evoked a mixture of indifference and national pride among Iranians on Saturday but many were concerned about economic hardship should a multinational nuclear deal unravel.

The tender board opened its meeting yesterday on Thursday (October 5, 2017) with 82 bids for 14 tenders submitted by 12 government agencies. The total value of bids received was 2.8 million dinars.