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OPEC Oil Output Falls by 70,000 bpd in May
2018-06-01
The Organization of the Petroleum Exporting Countries (OPEC) pumped 32.00 million barrels per day in May, the survey found, down 70,000 bpd from April’s revised figure. The May total is the lowest since April 2017, according to Reuters surveys.
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Mumtalakat Appoints Basim Al-Saie as New Chairman of Board of Garmco
2018-05-30
Mumtalakat Holding Company (Mumtalakat) has appointed Basim Al-Saie as the new chairman of the board of Gulf Aluminium Rolling Mill Company (Garmco).
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Reuters: Bahrain to Explore 10-Year Expat Visa in Investment Bid
2018-05-30
Bahrain is considering a 10-year residency visa for foreign investors, state news agency BNA reported on Wednesday, following similar moves by neighbours Qatar and the United Arab Emirates.
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British International Trade Secretary Seeks Investment Opportunities in Bahrain
2018-05-28
British International Trade Secretary Liam Fox said he is in Bahrain to discuss investment opportunities.
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Bahrain Central Bank's Foreign Assets up in April from 7-Month Low
2018-05-27
Net foreign assets at Bahrain’s central bank, an indication of its ability to defend its currency against any market pressure, rebounded last month after dropping to a seven-month low in March, central bank data showed on Thursday.
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Bahrain Government Seeks Deal with Parliament on New Subsidy System- Reuters
2018-05-27
Bahrain’s cash-strapped government is in talks with parliament on a new subsidy system that would redirect some of the financial aid the government provides to its citizens, officials said.
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Saudi Ambassador Says Trade with Bahrain Reached 3 Billion BD
2018-05-24
Saudi Ambassador to Bahrain Abdullah Al-Sheikh said that trade with Bahrain reached 30 billion SR, which amounts to 3 billion BD, adding that this is “a significant number”.
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Bahrain: Rental Prices Expected to Increase by 20% with VAT Implementation
2018-05-22
Akhbar Al-Khaleej daily said that it anticipates an increase in the rental prices and housing units by 20% once the VAT is implemented.
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Bahrain’s Private Education Market to Hit $700 Million by 2023
2018-05-20
Bahrain’s private K-12 education market valued at $0.4 billion in 2017 is poised to grow to $700 million by 2023, according to a new report.
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Bahrain Development Bank Appoints Indian National Sanjeev Paul as CEO
2018-05-15
Board of Directors of Bahrain Development Bank (BDB) announced appointment of Sanjeev Paul as Chief Executive Officer of BDB Group as of May 15, 2018.
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Bahrain: Foreign Reserves Drops to Lowest Level at Only 533 Mln Dinars
2018-05-15
Bahrain's foreign assets have fallen by 49.2% in March, according to official data from the Central Bank of Bahrain.
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350 Thousand Indians Living in Bahrain, Death Average among Them Higher than that in Qatar
2018-05-14
Statistics revealed that the number of Indians living in Bahrain is 350 thousand versus 325 thousand in the UK.
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Bahrain Chamber of Commerce Introduces System for Holding Committees Accountable and Downsizing
2018-05-11
Bahrain's Chamber of Commerce and Industry reduced the number of its committees from 24 permanent committees to only 10.
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Bahrain: Livestock Company Rules out Shortage of Meat during Ramadan
2018-05-11
Vice President of Bahrain's Livestock Company, Yousuf Al-Saleh, has ruled out a shortage of meat during Ramadan.
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Bahrain Needs to Rise Price of Oil Barrel to $116 to Reach Equilibrium Point
2018-05-05
The International Monetary Fund predicted that the Bahraini economy will grow to $40 billion in 2019 with an estimated annual growth of 3% this year and 2% in gross domestic product next year.
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Bahrain Needs to Accelerate Budget Reforms to Sustain Economy –IMF official
2018-05-03
Bahrain needs to accelerate reforms to its state budget to reach a deficit level that would make its finances sustainable over the medium term, an International Monetary Fund official said.
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Alba Says It Achieved BD 33.9 Million Profit in First Quarter
2018-04-30
Bahrain Aluminum Company (Alba) reported a net gain of BD 33.9 million in the first quarter of 2018 compared to BD 25.6 million during the same period in 2017, an increase of 32% year-over-year.
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Bahrain's Oil Reserves will Last Less than 7 Years, New Discovery could Extend it to 33 Years: Report
2018-04-30
An economic find said that Bahrain's onshore oil reserves, which the US Energy Information Administration (EIA) estimates at 125 million barrels, will last less than 7 years at the current rate of production.
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Research Institute: Bahrain’s Construction Market Proliferates Rapidly Although It Tumbled in 2017
2018-04-28
An international research institute has issued a report on the construction market in Bahrain and its opportunities to 2022. According to estimations, output from the Bahraini construction industry proliferated at an annual average of 4.8% over the review historical period of 2013–2017.
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Average Salaries in Bahrain Lower by 25%, Workforce Decreases for First Time in 5 Years
2018-04-28
The “Gulf Business” magazine said that the annual salary survey it has recently conducted on Gulf States showed that the average salary in Bahrain for 2017 was 25% lower than the previous year.