Bahrain Allows Foreign Partner to Engage in BMP-Related Activities
The Bahraini Cabinet agreed in its session on Monday to allow "TTSJV", with 68% foreign-owned capital, to engage in the "service activities related to water transport - management and operation of public and private ports" to serve the Bapco Modernization Program (BMP).
Bahrain Bourse Lists Government Treasury Bills worth 70 Million BD
Bahrain Bourse announced that 70 million dinars government treasury bills ($186.5 million) will be listed for three months.
What Does it Mean that Bahrain Pays Debt with Debt?
Last month, Bahrain borrowed $1.25 billion (BD470 million) to pay bonds due by the end of March.
Bahrain Raised $1 billion Loan to Repay Bond Last Month: Sources
Bahrain secured a loan of about $1 billion to repay a bond that was due at the end of March, three sources familiar with the matter said, after the Gulf state suspended plans to issue international debt due to bad market conditions.
Standard and Poor's Lowers Batelco's Outlook
Standard and Poor's Global Ratings revised its outlook on Batelco to stable from positive and affirmed its 'B+/B' long- and short-term issuer credit ratings.
Financial Analyst Says "Royal Family Seniors Should Help Country's Finance"
What options can the government offer to deal with the financial crisis it is facing with the Coronavirus epidemic? "Frankly, the only solution is that senior royal family members help the country's finances," a financial analyst told Bahrain Mirror.
Market Experiences Recession, Demand on Gold Purchase Drops 70% after VAT Application
Newspapers Will Stop being Issued: Janahi's Prediction and Ahdiya's Statement
Where do Bahraini newspapers get their expenses from? All the Bahraini newspapers issued in the markets are affiliated with parties within the ruling family, and this is no secret. These newspapers deserve direct or indirect financial support to cover their expenses. Like other sectors, newspapers have been affected by the country's economic stagnation.
Government Perhaps Steps Closer to Legalizing Hashish
What did people think of the Netherlands when the government decided to grow and sell cannabis to its citizens? Capitalist governments always think of making money and addressing their financial and economic crises, and often do not put an ethical limit to their decision-making. Bahrain is moving in the same direction when it proposed growing and selling tobacco to citizens without regard to the environmental and health aspects.
More than 14,000 Saudi Investors in Bahrain (Official Figures)
Official figures showed that the number of Saudi investors in Bahrain has reached 14,614 as of September 22, 2019.
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.
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.
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.
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.
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.
Mumtalat's Net Profit Decreases Due to Alba's Results
Mumtalakat announced achieving BD 55.8 million net profits in 2018.
Military Tensions, Weak Oil Pressure Most Major Gulf Markets
Saudi Arabia's stock market fell on Sunday, in line with most Gulf markets, after the US Pentagon approved the deployment of a warship and Patriot missiles to the Middle East.
On BCCI 80th Anniversary: Political Abidance and Vested Interests
Eighty years have passed since the establishment of Bahrain Chamber of Commerce and Industry (BCCI), which remains the oldest chamber in the GCC states. The BCCI is still accomplishing its missions in maintaining the interests of traders, particularly the most prominent.
Kuwait Inks Financial Aid Agreement for Bahrain
Kuwait signed an agreement to support Bahrain's economy as part of a series of fiscal reforms Bahrain has embarked on last year, Kuwait's finance ministry said on Tuesday, formalizing a previously agreed package.