Bahrain-based financial group GFH said in a statement that it had raised its stake in Global Bank to 50.4 percent from 28.6 percent after Bahrain's central bank agreed to increase its stake to as much as 60 percent.

The Kingdom's trade deficit fell to BD485 million ($1.29) during the second quarter 2020 compared to BD492 million ($1.31) for the same quarter of the previous year, recording a 1.4% decrease on an annual basis, the Information & eGovernment Authority (iGA) stated.

Bahrain has raised its holdings of United States bonds to $1.323 billion, an increase of 83% on an annual basis.

Countries of the energy-rich Gulf are expected to accumulate $490 billion in deficits by 2023 due to the double hit of low oil prices and the coronavirus slowdown, Standard and Poors said in a report.

The twentieth annual study of global wealth management conducted by Boston Consulting Group (BCG) revealed that the year 2019 witnessed 68.8% of wealth being held by millionaires in Bahrain, while the study expected the number of millionaires in the Kingdom to grow by 1.1% annually in the coming years.

The Ministry of Finance and National Economy published the Q1 2020 Bahrain Economic Quarterly report for the Kingdom of Bahrain. The report revealed a decline in real GDP growth (at constant prices) at a rate of 1.1% YoY.

After much ado, a government decision was issued announcing new support package features claiming to save the crumbling economy.

Bahrain will need to attract additional capital this year, including through borrowing to sustain its currency peg, after a huge drop in foreign reserves due to low oil prices, ratings agency Moody's said.

Who issued the decision to lend the McLaren Company a £280 million loan (BD 131 million)? Why did this happen without guarantees? What are the consequences of this decision?

Anyone reading the statement of BCCI president Samis Nass published in Akhbar Al-Khaleej newspaper will ask about the study he is talking about and why is he washing his hands of it?

McLaren is poised to secure a loan from the National Bank of Bahrain to solve its cash-flow problems, news websites have learned.

Oman switched to a fiscal surplus in the first four months of the year after it cut public spending amid low oil prices and the coronavirus crisis, official figures showed.

McLaren are considering selling a minority stake in their once-dominant Formula One team to raise funds to help the company weather the COVID-19 crisis, Sky News reported on Wednesday.

Abdulhakim Al-Shammari, Chairman of Commercial Market Committee and Board Member of BCCI, stressed the need to open the bridge linking Bahrain and Saudi Arabia to reduce the losses the Bahraini economy has suffered as a result of this closure, which occurred due to measures to combat the Coronavirus epidemic.

Bahrain's holding of U.S. bonds fell by 17% in April 2020, on a monthly basis.

State oil giant Saudi Aramco started laying off hundreds of employees this month, two sources familiar with the matter said, as global energy companies reduce their workforces in response to the coronavirus crisis.

Gulf bourse markets rebounded on Tuesday, tracking the impact of global equities, supported by the increasing oil prices due to record cuts in supplies and increase on oil demands.

The government has agreed to pump an additional BD177 million ($470.7 million) into this year's budget to deal with the emergency expenditures incurred by the country as a result of the Coronavirus pandemic.

The Coronavirus pandemic consequences and oil price collapse have increased financial pressures on the Government of Bahrain, which prompted it to borrow three times this year.

Bahrain's fiscal deficit is seen widening to 12% of GDP this year from 4.6% in 2019, largely due to lower oil prices, S&P Global Ratings said on Saturday.