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Bahrain Crown Prince Arrives in Doha Days after PM Visit
2017-03-06
Bahrain Crown Prince, and Deputy Supreme Commander and First Deputy Prime Minister, Salman bin Hamad Al Khalifa, arrived in Qatar in an official visit, during which he is expected to meeting Qatar Prince Sheikh Tamim bin Hamad Al Thani.
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Bahrain Inflation Augments by 0.8% last January
2017-03-06
Bahrain’s Muslim Brotherhood-affiliated Naba weekly newspaper said official figures issued last week suggest a record high augmentation in consumer prices (inflation) in the Kingdom of Bahrain during January 2017.
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Bahrain to Enter First Third of Year without Adopted Budget, MPs: Beautiful Days are Over
2017-02-19
Member of the finance and Economic Affairs Committee Ahmed Qarata expected that the state’s public debt of the two fiscal years (2017 and 2018) would be referred to the House of Representatives at the end of March 2017, adding that the debt would be about 2 billion BD to each fiscal years; i.e. 4 billion BD to the two fiscal years.
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Bahrain’s Public Debt Rises to 8.68 Billion BD at the End of November
2017-02-19
Bahrain’s public debt continued to rise reaching 8.68 billion BD in November 2016, which constitutes 72% of the Gross domestic product (GDP).
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Bahrain's Sugar Refinery Stopped Production in October
2017-02-13
Bahrain's Arabian Sugar Refinery stopped production in October and is preparing for a change of ownership, a source close to the matter told Reuters on Sunday.
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Bitter Reality of Bahrain’s Only Sugar Refinery: Lack of Funding and Forced Labour
2017-02-08
There are currently official attempts by the Bahraini authorities to cover up grave violations committed against Bahraini and foreign workers at the Arabian Sugar Company (ASC).
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Bahrain Faces Sensitive Economic Conditions, Electricity Authority in Dire Need for Revenue Increase
2017-02-05
Bahraini daily newspaper Al-Wasat, said that the government had expressed reservations on two proposals presented by the Council of Representatives, suggesting a reduction in electricity and water bills, reminding them of the country’s sensitive economic conditions.
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Ministry of Health Raise Expatriates’ Medical Fees to 7 BD, Stops Dispensing of Medications from Official Pharmacies
2017-01-21
Ministry of Health increased the health services fees on the expatriates. The general medical consultation fees reached 7 BD as well as that of the dental consultation.
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World Bank: Gulf Countries to Achieve Surpluses by 2019, Except Bahrain
2017-01-13
The World Bank expected that Bahrain’s budget deficit in the next three years will continue, before it is reduced to around 0% of the Gross Domestic Product (GDP) by 2019.
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Saudi Arabia Cuts 2016 Budget Deficit, to Boost 2017 Spending
2016-12-23
Saudi Arabia reported major progress on Thursday in cutting a huge state budget deficit caused by low oil prices, and said it would increase government spending next year to boost flagging economic growth.
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Bahrain's Investcorp to sell Optiv Security stake to KKR
2016-12-20
Investcorp Bank has agreed to sell its stake in cybersecurity company Optiv Security Inc to private equity firm KKR & Co, the Bahrain-based private equity investor said in a bourse statement Tuesday.
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Three Gulf Central Banks Hike Rates to Avert Currency Pressure after Fed Move
2016-12-15
Saudi Arabia, Kuwait and Bahrain raised interest rates within minutes of the U.S. Federal Reserve's decision to do so on Wednesday as they scrambled to avoid downward pressure on their currencies due to low oil prices.
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Bahrain Central Bank Raises Policy Rates 25 bps
2016-12-15
The central bank of Bahrain said on Wednesday it was raising the policy interest rate on its one-week deposit facility by 25 basis points to 1.00 percent.
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Parliamentary Financial Committee: Public Debt will Reach 9 Billion BD by end of December
2016-12-12
Bahraini Parliamentary Financial Committee expressed its concern about rising public debt that reached as in December 2015 about 7.2 billion BD.
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CBB Governor: Spending Review to Reduce Budget Deficit Ongoing
2016-12-12
Central Bank of Bahrain (CBB) Governor Rashid Al-Miraj said that issue of tax regimes and raising it in the Gulf States remain a financial matter under the specialty of the Ministry of Finance and the Finance Ministers in the region, who are competent to deal with such issues.
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Standard & Poor's Downgrades Bahrain’s Credit Rating to BB-
2016-12-10
Standard & poor's (S&P) agency downgraded Bahrain’s sovereign debt rating from “BB” to “BB-“, but said the outlook for the Kingdom and its central bank is stable.
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Committee on Stalled Projects Sets Dec. 20 Date for “Juffair Fairuz” Auction Sale
2016-12-01
The judiciary-affiliated committee responsible for the settlement of stalled real estate development projects, convened with the creditors of “Juffair Fairuz” project in preparation for selling the project in auction.
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Bahrain’s Debt Reaches $20 Billion and $300 Million in 2016
2016-11-10
A report issued by Securities & Investment Company (SICO) Bahrain, mentioned that Bahrain’s debts by next year (2017) is expected to reach $808 million, at the time when the country’s public debt increased to more than $20 billion during the first half of this year (2016).
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Salman: 27,000 New Foreigners in Bahrain, More than 4,700 Monthly Job Opportunities for Foreigners
2016-11-10
The leader at the Progressive Democratic Tribune (al-Minbar), Abdulnabi Salman, said that the number of foreigners in Bahrain increased by 27 thousand in the past 6 months, and thus the total number has exceeded 595 thousand foreigners residing in Bahrain.
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Gov’t Rejects Proposal to Impose Fees on Money Transfers Abroad
2016-11-09
The government objected to a parliamentary proposal to impose fees on remittances abroad, estimated at 2.5 billion dinars annually.