Bahrain to Sign Bapco's Expansion Contracts before Year End
Bahrain’s oil minister said on Sunday he expects expansion contracts for Bahrain Petroleum Company (Bapco) to be signed before the end of the year, state news agency BNA reported.
Bahrain's Bapco to meet Technip-led consortium for talks on refinery expansion
State-run Bahrain Petroleum Co (Bapco) will meet a consortium led by France's Technip for further talks over the planned expansion of Bahrain's only oil refinery, sources close to the matter told Reuters.
Bahrain may need to boost interest rates to protect currency, IMF warns
Bahrain may need to raise its market interest rates to protect its currency and must refrain from having its central bank lend money to cover the government's budget deficit, the International Monetary Fund said on Monday.
Bahrain: 439 Economic Crimes within First Half of 2017
General Directorate of Anti-Corruption and Economic and Electronic Security Major Hussein Salman Matar said that the Anti-Economic Crimes Directorate monitored 439 cases within the first half of 2017, compared to 520 in 2016.
Telecom Companies End 1 Year Validity for Prepaid Mobile Phone Lines due to Decline in Profits
Bahraini telecoms companies recently reduced the one year long validity for prepaid mobile phone packages by 73% to only 100 days validity for BD30.
Saudi Arabia and Iraq to re-open border crossing after 27 years
Saudi Arabia and Iraq plan to open the Arar border crossing for trade for the first time since 1990, when it was closed after the countries cut ties following Saddam Hussein's invasion of Kuwait, Saudi local media reported on Tuesday.
Bahrain Mandates Five Banks for International Bond Issue
Bahrain's government has hired banks for a planned U.S. dollar-denominated bond issue, sources familiar with the matter said on Tuesday.
Bahrain Bought about 25,000 Tonnes Australian Wheat
A buyer in Bahrain purchased about 25,000 tonnes of wheat thought likely to be sourced from Australia in a tender for the same volume this week, European traders said on Thursday.
CBB Subscribes New Issue of Short-Term Islamic Leasing Bonds
The Central Bank of Bahrain (CBB) announced that issue number 144 (ISIN BH00077UV743) of the short-term Islamic leasing bonds, Sukuk Al-Ijara, that are issued by the CBB on behalf of the Government of the Kingdom of Bahrain, has been subscribed.
Reuters: Bahrain Tendering for 25,000 Tonnes Wheat
A flour mill based in Bahrain has issued an international tender to purchase 25,000 tonnes of wheat which can be sourced from optional origins, European traders said on Monday.
Law Graduates’ Salaries in Bahrain 100 BD
Law graduates in Bahrain complained about the difficulties they suffer from during their training period that is considered a condition to receive a license to practice law. They said that they receive low wages, reaching sometimes 100 BD as well as what they consider “belittlement” by other lawyers and being treated as reporters or transition brokers.
Ebrahim Sharif: Bahrain's Foreign Exchange Reserves No Longer Enough to Cover Two Months of Imports
Ebrahim Sharif said Bahrain's foreign currency reserves witnessed a sharp decline, as it is no longer enough to cover the country's imports for two consecutive months.
Moody's Downgrades Bahrain to B1, Maintains Negative Outlook
Moody's Investors Service has downgraded the Government of Bahrain's long-term issuer rating to B1 from Ba2, and maintained the negative outlook.
Moody’s Once Again Downgrades Bahrain and Oman’s Ratings
Moody’s on Friday downgraded Oman’s and Bahrain’s long-term bond ratings, citing limited progress in addressing the nation’s vulnerabilities to the weak oil price environment
27M BD in Financial Transactions for Gov’t Electronic Portal since Early 2017
Official statistics revealed that the total amount of money paid in financial transactions for the government’s national electronic portal since the beginning of 2017, is around BD 27 million.
Official Data: Bahrain Records GDP Growth
Bahrain's gross domestic product (GDP) grew by 2.88% at constant prices and 10.39% at current prices in the first quarter of 2017 compared to the same period of 2016.
Total of Financial Payments via E-Payment Transactions Reach 46 Million BD
The number of online transactions has shown an increase in the value of the financial payments in 2016 that reached BD46 million, data released by Information and eGovernment Authority (iGA) showed.
Bahrain: State Budget Still Needs King’s Signature 6 Months after Onset of Financial Year
Shura Council passed in its session on Sunday (July 16, 2017) the draft-law, on the general state budget for the two fiscal years 2017 and 2018.
198 Engineering Offices in Bahrain
A local newspaper reported according to Head of Engineering Profession Practice in Bahrain, Abdul Majeed Al-Qassam, that the number of authorized offices to practice engineering in Bahrain is 198.
Merrill Lynch: Bahrain’s Economy Deteriorated More than Expected
A new report of Bank of America Merrill Lynch said that Bahrain’s economic situation is not expected to improve during the coming period.