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.
BD 12 Tax Imposed on Each Meter Square of Construction Area
The executive regulation of Decree Law No. 25 of 2015 on the collection of construction cost and development of infrastructure, revealed that a BD 12 is imposed on each meter square of construction area.
MoIC Cancels Commercial Registries with Over 1-Year of Unjustified Inactivity
The Bahraini government stated that the Ministry of Industry and Commerce (MoIC), on its behalf, is currently canceling all commercial registries that are not renewed, and have not practiced their activities for over 1 calendar year.
Dubai's Majid Al Futtaim buys Retail Arabia’s Geant Stores in Kuwait, Bahrain, UAE
Dubai's Majid Al Futtaim , the Middle East operator of French retailer Carrefour, has acquired 26 Geant hypermarket stores in the United Arab Emirates, Bahrain and Kuwait from BMA International.
Shura Council MP: General Budget Not Including Confirmed Annual Raise
Member of the Financial and Economic Affairs Committee at the Bahrain Shura Council, Rida Faraj, said that the projected labor force adopted finance in the state General Budget is the same for years 2017 and 2018.