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Reverse Auction to Provide Operating Supplies for Laboratory at 850,000 Dinars
2019-07-05
The Ministry of Health has put forward a tender to provide solutions and operating supplies to the main laboratory of the Salmaniya Medical Complex. Two bids were proposed, the lowest of them was 850 thousand dinars, and the highest was approximately 1.3 million dinars
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3.4 Million BD Bid for Constructing Pavilion for Bahrain in World Expo 2020 in Dubai
2019-07-05
The Bahrain Authority of Culture and Antiquities (BACA) proposed a tender to construct the Pavilion for the Kingdom of Bahrain for the World Expo 2020 in Dubai. Two bids were proposed, the lowest of them was 3.4 million dinars, and the highest was approximately 5 million dinars.
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Bahrain's NOGA Holding Signs MOU with Baker Hughes on Oil and Gas Cooperation
2019-07-05
Bahrain's National Oil and Gas Holding Company (NOGA Holding) signed a memorandum of understanding (MOU) with Baker Hughes Company on cooperation in the oil and gas sector in the kingdom, it said in a statement on Wednesday.
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Mumtalakat CEO: Gulf Air, Bahrain Int'l Circuit among 5 Unprofitable Companies
2019-06-30
The CEO of Mumtalakat Holding company, Mahmoud Al-Kooheji, confirmed that Gulf Air and Bahrain International Circuit Company are among the five unprofitable companies.
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Bahrain, Qatar Ratings Most Vulnerable to Strait of Hormuz Strains: S&P Global
2019-06-14
Bahrain and Qatar's credit ratings are the most vulnerable in the event an escalation of U.S.-Iran tensions causes blockages in the Strait of Hormuz, one of the world's main oil shipping arteries, S&P Global said on Thursday.
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Government Delays Providing Support to Gulf Air, BAS in Critical Phase
2019-06-10
Vice president of Bahrain Airport Services (BAS) Nabeel Khalid Kanoo said that the company is going through a very critical phase, due to the delay of the Gulf Air Company in paying its dues, stressing that the government delays providing financial support for Gulf Air.
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Mumtalat's Net Profit Decreases Due to Alba's Results
2019-06-03
Mumtalakat announced achieving BD 55.8 million net profits in 2018.
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Bahrain to Allow Foreign Companies to Take 100% Stakes in Oil, Natural Gas Extraction Projects: News Agency
2019-06-03
Bahrain is to allow foreign companies to own 100 percent of oil and natural gas extraction projects in the Gulf state, under an order issued by Prime Minister Sheikh Khalifa bin Salman Al Khalifa on Sunday, Bahrain News Agency reported.
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Moody's Changes Bahrain's Banking System Outlook to "Stable"
2019-05-30
Moody's changed the outlook for Bahrain's banking system to stable from negative as economic growth accelerates and due to the support package from gulf neighbours.
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Bahrain Expects to Receive $2.28 billion in Second Batch of Gulf Aid
2019-05-09
Bahrain said it received $2.3 billion last year and is expecting another $2.28 billion in 2019 under an agreement with its Gulf allies to bail it out of a deficit, the government said on Thursday.
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Public Debt in Bahrain Didn't Decrease despite Gulf Aids
2019-05-04
Data from the Central Bank of Bahrain (CBB) showed the public debt of Bahrain during the first quarter of 2019 remained stable at 11.457 billion BD.
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Bahrain Signs Deals Worth $2 billion with French Companies: Reuters
2019-04-30
Bahrain has signed 12 agreements and memoranda of understanding with French companies and institutions worth $2 billion, Bahrain news agency (BNA) reported on Monday.
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Takaful and Bahrain Kuwait Insurance Companies Reduce their Branches
2019-04-26
Chairman of Board of Directors of Bahrain Kuwait Insurance Company Murad Ali Murad said that the company will reduce its branches to the half after merging them with Takaful International Company.
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State-Run Tatweer to Sign Oil Deals to Develop Bahrain Field
2019-04-23
Bahrain's state-owned Tatweer Petroleum said it would sign agreements within a few weeks with Italian oil major ENI and Japan's JX Nippon to develop the Bahrain field.
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Mumtalakat Profit Share of Companies Amounts to BD 70 Million
2019-04-05
Member of the Finance and Economic Committee, MP Ahmed Al-Salloum, revealed that the total profits of Bahraini companies that "Mumtalakat" owns shares in their capital amounted to BD 212 million.
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VAT Announcement Triggers New Car Sales to Increase by 4% in 2018 Despite Deterioration All Year Round
2019-04-05
CEO of Bahrain Commercial Facilities Company Adel Hubail said that "new car sales grew by 4% in 2018," indicating that the decisive factor in high sales was the announcement of the VAT implementation at the beginning of 2019. He said that the increase was monitored in December 2018.
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BCCI Vice President: Gov’t Delay in Paying Dues to Business Enterprises Causes Huge Losses
2019-04-05
First Vice President of Bahrain's Chamber of Commerce and Industry Khalid Al-Najibi said that the issue of owed money to small and medium-sized enterprises by the government has become an obsession to these enterprises, and has greatly affected their work.
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Ministry of Transportation Revenues Reached BD 50 Million, Half of Revenues from Passengers’ Fees
2019-04-05
MP Ahmed Al-Sallom revealed that the Ministry of Transportation and Telecommunications' revenues reach 50 million Dinar for every fiscal year, 50% of them are obtained from passengers' fees.
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Government Covers BD 70 Million of Its Public Debt
2019-04-02
The Central Bank of Bahrain announced that the new issue of weekly Government Treasury Bills given out by the Central Bank of Bahrain on behalf of the Government of Bahrain has been oversubscribed.
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Public Debt Fixed at BD 11.45 Billion: CBB
2019-04-02
Public debt fixed at BD 11.45 billion in January 2019, backed by the effects of the fiscal balance program funded by Gulf countries, the Central Bank of Bahrain said on Monday.