The Bahraini national democratic opposition forces warned of the negative consequences of lifting subsidies on basic commodities and the economic and financial deterioration on the citizens’ purchasing capabilities, the shifting of citizen classes to poverty line and continued dwindling of the middle class.

A Member of of the Bahraini Parliament blamed Iran for the drop in international oil prices and for the economic crisis that the Kingdom of Bahrain and Gulf oil exporters are facing.

Bahrain Mirror: The Committee of Financial and Economical Affairs of the Bahraini Parliament passed a bill to impose fees on financial transfers outside Bahrain. The committee said it would be a major spring for the state’s general budget, and a way to find new revenue sources to achieve progress and development in the Bahraini economy.

Bahrain Mirror: Bahrain’s oil prices crossed an unexpected limit to reach the USD 20s category in the “worst case scenario”. It is expected to reach USD 25 per barrel if no big changes occur in global markets.

Bahrain Mirror: Bahrain’s Cabinet decided in its meeting held on Monday, January 11, 2016 to immediately raise gasoline prices. The decision will be put into effect as of tomorrow (Tuesday, January 12, 2016).

Bahrain Mirror (Exclusive): Bahrain decided to ban maritime navigation from and to Iran two days after the Civil Aviation Affairs announced a ban on flights with Iran.

Bahrain Mirror: The Bahraini Parliament proposed on Tuesday (January 5, 2016), to the Government, to sever trade ties, suspend flights to and from Iran, and ban citizens from travelling to Iran following tensions with Gulf countries.

Bahrain Mirror: The local Bahraini Al-Bilad newspaper owned by the son of the Prime Minister Ali Bin Khalifa Al Khalifa reported that the Bahrain Mumtalakat Holding Company haven't paid any installment of the USD 100 million loan borrowed from the Retirement Fund.

Bahrain Mirror: The average price of Bahrain crude oil, categorized as Arab medium oil, dropped to USD 33 per barrel in international markets during the week between 7 and 11 December, 2015, according to Bapco.

Bahrain Mirror: Standard & Poor's Ratings Services on Monday (December 21, 2015) revised its outlook on Bahrain-based Mumtalakat to negative from stable and affirmed their 'BBB/A-2' long- and short-term foreign and local currency issuer credit ratings on Mumtalakat.

Bahrain Mirror: Official reports showed that the Bahraini Government borrowed during a single year (2015), a total of 1 billion and 671 million Bahraini dinars, what is equivalent to 15% of the GDP.

Bahrain Mirror: Fitch Ratings has revised Bahrain Mumtalakat Holding Company's (Mumtalakat) Outlook to Negative from Stable and affirmed the Long-term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB-'.

Bahrain Mirror: Fitch Ratings has changed the Outlook of Bahrain Telecommunications Company (Batelco) to Negative from Stable while affirming its Long-term Issuer Default Rating (IDR) at 'BBB-

Bahrain Mirror: On Dec. 11, 2015, Standard & Poor's Ratings Services affirmed its long- and short-term foreign and local currency sovereign credit ratings on the Kingdom of Bahrain at 'BBB-/A-3'.

Bahrain Mirror: The Bahraini Finance Minister Ahmad bin Mohammad Al Khalifa revealed that there is an increase in the public budget deficit that reached 1 billion and 500 million Bahraini dinars, as the oil prices dropped to 45 USD per barrel.

Bahrain Mirror: The Financial and Economic Parliamentary Commission passed a decree law to raise the public debt ceiling to 10 billion Bahraini dinars instead of 7.

Bahrain Mirror: The Bahraini Ministry of Finance pinned the blame on the members of parliament and their “recurrent demands” for the hike in the public debt and the public budget deficit increase.

Bahrain Mirror: The Bahraini Parliament's financial and economic affairs committee member Jalal Kadhem submitted a proposal to the Ministry of Education for imposing fees on foreign students entering public schools.

Bahrain Mirror: Bahraini businessman, Yousef Al-Masha'al said that Bahraini businessmen are transferring their money outside Bahrain due to the political crisis the island kingdom has been witnessing since 5 years ago.

Bahrain Mirror: Muharraq’s Central Market in Bahrain has decided to stop the strike after 49 days of boycotting meat purchase, following a government decision to lift subsidies on meat and increase its prices.