Bloomberg: Bahrain among 7 Countries that Risk Credit-Default After Venezuela
Bloomberg, the economic news website, said in a report that emerging-market money managers are looking to identify countries that might run into trouble down the road.
Second Auction for Amwaj Gate to be Held on November 29
The judicial Committee for the Settlement of Stalled Real Estate Projects set November 29 as a date of Amwaj Gateway project auction.
Gulf Air Appoints Croatian Kucko as CEO
Gulf Air announced the appointment of the Croatian Kresimir Kucko as the chief executive officer of the airline starting November 12, 2017.
Bahrain Oil Minister says No Reason why Supply cut Agreement Shouldn’t be Extended
Bahrain's oil minister, Sheikh Mohammed bin Khalifa al-Khalifa, said on Tuesday he sees no reason why the supply cut agreement between oil producing countries should not be extended on Nov. 30.
Bahrain Dollar Bonds Fall in Wider Middle East Sell-off
Bahrain dollar bonds fell across curve on Wednesday, as assets across the region continued to drop in the wake of a sweeping anti-graft crack-down in Saudi Arabia.
Parliament Approves Selective Taxation
The Parliament approved in its session (Tuesday November 7, 2017) the regulations of the agreement that unifies the GCC selective taxation, and thus they went contrary to the recommendations raised by the financial committee.
Reuters: Bahrain Bond Yields Edge up on Report of Aid Request, No Panic Selling
Yields on Bahrain's international bonds inched up after a report that the kingdom was seeking financial aid from its Gulf allies but traders said there was no panic in the market, suggesting investors believe Manama can count on help from other states.
Bahrain Asks Gulf Allies for Financial Aids to Avoid Currency Devaluation
Bloomberg website specified in economic affairs revealed that Bahrain has asked Gulf allies for financial assistance as financial crisis in the country aggravates.
Auction of “Amwaj Gateway” Postponed, Price Decreased to 30 Million BD
The sale of the stalled Amwaj Gateway project has been postponed to November 29. The judicial Committee for the Settlement of Stalled Real Estate Projects announced the postponement of the public auction to protect the rights of all parties and allow more time for potential buyers.
Bahrain Committee Announces Closure of Stalled Juffair Views project
The committee in charge of settling stalled real estate projects in Bahrain announced the closure of the Juffair Views project after the distribution of the sale proceeds of the project to the purchasers of the 58 units over a period of 24 days.
Batelco Announces over 25 Million BD Profit within 9 Months
Batelco announced that it has achieved profit of BD25.2M (US$66.8M) until third quarter of 2017 .The Group has maintained stable revenues with increases over the previous quarter and over Q3 2016
Bahrain Central Bank Says Banks Need Breathing Space over Global Regulations
Bahrain’s central bank governor said on Thursday that stricter international bank rules, known as Basel III, had gone too far and banks had been burdened with too much regulation.
Bahrain to Reduce BANOCO Arab Medium Crude Exports in December
Bahrain plans to export less shipments of BANOCO Arab Medium crude oil in December due to pre-planned maintenance of an oil field, trade sources said.
Ministerial Order: New Fees Imposed on Agricultural and Veterinary Services
The Bahraini Minister of Works, Municipal Affairs and Urban Planning Eng. Essam Khalaf announced the implementation of new fees for agricultural and veterinary services.
Government Tends to Increase Postal Services Fees
The Al-Ayam local newspaper said that the government tends to increase the postal services fees to change the sector into a “profitable government association”, instead of providing postal services in return for symbolic fees.
New Bahrain Oil Pipeline Ready in 2018, Gas Pipeline Under Study
A new 350,000-barrels-per-day oil pipeline between Saudi Arabia and Bahrain will be completed next year to serve the planned expansion of Bahrain's refinery capacity, while construction of a gas pipeline is being considered, Bahrain's oil minister said.
Gulf Air Offers to Sell and Lease 6 Aircraft
The tender board opened its meeting yesterday on Thursday (October 5, 2017) with 82 bids for 14 tenders submitted by 12 government agencies. The total value of bids received was 2.8 million dinars.
“Amwaj Gate” Up for Auction at End of October
The Stalled Projects Development Committee in Bahrain decided to hold a meeting for putting up the Amwaj Gate project for auction on October 31, 2017, setting an initial price of 36 million dinars.
Investcorp Invests in Multifamily Properties in Arizona and Florida
Investcorp announced yesterday that its U.S.-based real estate arm has invested in six multifamily properties in Florida and Arizona, for a total purchase price of approximately $350 million. The properties are located in key growth markets with strong fundamentals in the multifamily space.
Amazon Announces Opening of its Regional Center in Bahrain
Amazon announced the opening of a regional center in Bahrain for Internet services (cloud computing) as the first regional center in Bahrain to serve all the Middle East and Africa, during Amazon summit for web services held in Four Seasons Hotel.