Final Account 2018: 43% of State Budget Goes to Employees' Salaries
The final account of the state for 2018, which was recently referred by the government to the House of Representatives, shows a decrease in government employees training expenses by 16% compared to the previous year.
Saudi Aramco Hits out at Absence of Global Firmness in Response to Attacks on its Facilities
Saudi Aramco chief executive Amin Al-Nasser hit out Wednesday at the absence of global resolve to stop attacks on more oil installations, one month after strikes on two of its facilities.
Market Experiences Recession, Demand on Gold Purchase Drops 70% after VAT Application
Bahrain Says Oil Refinery Unaffected by Saudi Attacks
Bahrain's oil refinery has not been affected by attacks that disrupted Saudi crude exports earlier this month, Bahrain's Oil Minister Sheikh Mohammed bin Khalifa al-Khalifa said in a statement on Wednesday.
BD 12.27 Million Transactions through eGovernment Portal in August
Recent statistics released by the Information and eGovernment Authority (iGA) showed that the total value of financial transactions since the launch of the national portal on May 23, 2007 until the end of August this year exceeded 412 million dinars.
Bahrain-UK Bilateral Trade Hits £1.1 Billion
Bilateral trade between Bahrain and the UK reached about £1.1 billion (2018-March 2019), according to latest figures revealed two days ago.
Arab Monetary Fund Briefs Gulf Donors States on Bahrain's Commitment to "Fiscal Balance" Program
Finance Ministers of the Gulf donor states met Bahrain's Finance Minister to review the Kingdom's achievements in implementing the Fiscal Balance Program, which was launched in October 2018.
Bahrain's Alba Raising $1.5 billion in Bank Debt
Aluminium Bahrain (Alba), owner of one of the world's largest aluminium smelters, is raising $1.5 billion in bank debt to refinance loans it obtained in 2016 to back its Line 6 expansion project, two sources familiar with the matter said.
Bahrain: Filipino Remittances Increases by 66%, Reaches $152 Million
Remittances from Bahrain to the Philippines reached $152.66 million in the first half of the year, new figures revealed.
Personal Loans in Bahrain Reach BD 9.88 Billion
Personal loans from local banks to individuals and private and public institutions increased by 685 million dinars by the end of the first half of this year on an annual basis.
Bahrain's Public Debt Reached BD 11.29 bln during First Half of Year
Bahrain's public debt reached 11.29 billion dinars in the first half of this year, while the Central Bank of Bahrain has not announced any new issuances of foreign bonds this year, according to the latest data published on its website.
More than 2 Million Effective Mobile Phones Lines in Bahrain
An official statistics issued by the Telecommunications Regulatory Authority (TRA) indicated that 2172 Bahrainis are employed in the telecommunications sector, compared to 732 foreigners.
Finance Minister Says Budget Deficit Decreased during First Half of 2019
Bahrain's Minister of Finance Salman bin Khalifa Al Khalifa said that the actual deficit recorded during the first half of this year amounted to BD 404 million, BD 245.9 million lower than the BD 650 million half-year deficit recorded during 2018.
Crown Prince Restructures Economic Development Board
The Crown Prince issued edict restructuring the Economic Development (EDB) board of directors.
Bahrain Tendering to Buy 25,000 Tonnes Wheat
An importer in Bahrain has issued an international tender to purchase 25,000 tonnes of wheat, European traders said on Monday.
"Al-Rumaihi" Appointed CEO at Mumtalakat as Successor of "Al-Kooheji"
The board of directors at Bahrain Mumtalakat Holding Company issued a decree assigning Khalid Amro Al-Rumaihi as Chief Executive of Mumtalakat, which is considered sovereign wealth fund of Bahrain, starting September 2019.
Bahrain Central Bank Cuts Rates by 25 bps
Bahrain's central bank said on Wednesday that it had decided to cut its one-week deposit facility to 2.50% from 2.75%.
Alba's Losses Amounted to BD3.3 Million
Aluminium Bahrain B.S.C. (Alba) announced a loss of BD3.3 million in the second quarter of 2019.
From Belarus to Bahrain, the Small States Going big on Cryptocurrency
When Belarusian President Alexander Lukashenko met entrepreneur Viktor Prokopenya in March 2017, their discussion was scheduled to last for an hour but went on for three times that long.
Ahli United Bank Launches Free Transfer Service to India
Ahli United Bank (AUB) has announced the launch of a transfer service to India, a platform for online remittances to India.