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Bahraini PM Bids Farewell to his “Friend” & Partner in the Kempinski “Empire”, the Late Thai King
2016-10-21
Sources say there were ongoing negotiations between Bahraini PM, who owns 20% of Kempinski Hotels, and late King of Thailand, who holds 80% ownership of the hotelier group.
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Reuters: Bahrain Foreign Reserves Halve since 2014 as Oil Slumps
2016-10-06
Bahrain's foreign reserves have more than halved since the end of 2014 as low oil prices slash the value of the country's exports, the prospectus for the kingdom's sovereign bond issue this week shows.
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Saudi Stocks Plunge to Multi-Year Lows on Austerity
2016-10-03
Saudi Arabia's stock market plunged to its lowest close since March 2011 on Sunday because of fears the government could introduce more austerity measures to curb a big budget deficit caused by low oil prices.
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Lawyer Al-Tajer: If Government Remains Stubborn it Will Lead Bahrain to the Unknown
2016-09-05
Lawyer and rights activist Mohammed al-Tajer said Bahraini authorities treat the entire nation with a sense of superiority and arrogance.
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Abdulnabi Salman: Financial and Administrative Control Bureau Report Proves that Retirees' Living Allowance deducted from Insurances Budget
2016-08-29
The secretary general of the Progressive Democratic Forum Society, Abdulnabi Salman, called on the Minister of Finance...
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Bahrain Increases Price of "Super" Petrol to 235 Fils as of Next Month
2016-08-04
Bahrain decided to raise price of "super" petrol to 235 Fils per liter, after it was at 195 Fils.
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Paralyzed Shopping and Falling Sales after Blocking Diraz’s Entrances
2016-07-14
A number of shops owners in Diraz stated that shopping is paralyzed and sales have dropped significantly.
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Business Standard: Bahrain's Become Proxy for Pan-Regional Feud with Iran, Gulf Monarchy Could Lose
2016-06-29
Business Standard stressed a big fear for the Bahrain government will be the loss of appeal to investors.
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Bahrain PM Khalifa bin Salman Al Khalifa Undergoes Negotiations to Acquire 60% of Kempinski Hotels
2016-06-29
Source unveiled Bahraini PM is undergoing negotiations with international hotel group to acquire 60% of group's shares.
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Bahrain Downgraded To Junk As Political Crackdown Continues Unabated
2016-06-28
Bahrain's latest downgrade by Fitch Ratings which cut country's rating from BBB- to BB+, takes Bahrain into junk status.
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Fitch Downgrades Bahrain to Junk on Widening Deficit
2016-06-28
Fitch Ratings downgraded Bahrain's debt by one notch to junk status on Tuesday, leaving all three of the world's big rating agencies assessing the kingdom below investment grade as low oil prices undermine its finances.
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Business Standard: Bahrain Became Proxy for Pan-Regional feud with Iran... It Could be a Loser
2016-06-26
The economic Business Standard magazine said that Bahrain is caught in the middle of a high-stakes game between its larger neighbours, Saudi Arabia and Iran.
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Forbes: Bahrain Economy Set For Further Slump Following Renewed Political Clampdown
2016-06-16
The economic Forbes magazine said unexpected closure of Al-Wefaq is likely to spell further trouble for Bahrain.
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Bahrain's Inflation Rises to Highest Mark since Dec 2013
2016-05-26
The Arabian Business website said inflation in Bahrain rose to its highest level since December 2013.
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Shura Council Passes Decree Allowing Establishment of Completely Foreign-Owned Enterprises
2016-05-10
The Bahrain Shura Council approved in its session held on Sunday (May 8, 2016) Decree 28/2015 to amend a number of provisions of the Commercial Companies Law issued by decree 21/2001.
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Reuters: Fitch Downgrades Gulf International Bank to 'A-'; Outlook Negative
2016-05-05
Bahrain Mirror (Reuters): Fitch Ratings (Fitch) has downgraded Gulf International Bank B.S.C.'s (GIB) Long-Term Issuer Default Rating (LT IDR) to 'A-' from 'A'.
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Bahrain Energy Minister: Oil Prices Will Continue to Drop & If Credit Ratings Lowered Again, No One Will Loan Us
2016-04-21
The Bahraini Minister of Energy Abdulhussain bin Ali Mirza said that oil prices will continue to drop, following the Doha meeting failure.
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Bahrain Cabinet Decides to Develop Super Fuel alongside Jayyid & Mumtaz
2016-04-19
The Bahraini cabinet decided to approve the development of a new kind of gasoline with 98 Octane, known as "Super fuel" to be made available in the market as a third option for consumers alongside "Jayyid" (Good) and "Mumtaz" (Excellent) fuel.
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Wa'ad Says It Received No Gov't. Benefits Since 2011
2016-04-15
The Secretary-General of the National Democratic Action Society (Wa'ad) Radhi Al-Musawi said that "the financial support that the society was supposed to receive completely stopped in 2011."
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The Economist: Bahrain's Debt Expected to Reach 65% of GDP By End of 2017
2016-04-01
The Economist stated that by the end of 2017, Bahrain's debt is expected to reach 65% of GDP, as it will need an oil price of $120 to balance its books.