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.

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.

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.

Remittances by foreign workers in Bahrain increased to about 22.1 million dinars ($3.3 billion) in 2018, according to recent official statistics.

Bahrain's central bank said it cut its one-month deposit rate to 3.10% from 3.25% on Wednesday, but kept rates for overnight and one-week deposit facilities unchanged.

Governor of Central Bank of Bahrain, Rasheed Al-Maraj, said that Bahraini females constitute 45% of the total employees in the bank.

The Bahrain Central Bank Governor, Rasheed Al-Maraj, said that the Bank is actively encouraging financial institutions to merge and he expects more consolidation in to happen in the future.

The Central Bank of Bahrain (CBB) said that the Arabic version of the bank's website is under construction.

The Central Bank of Bahrain confirmed that Article 54 of the Value-Added Tax Law (VAT Law) stipulates that the provision of financial services specified by the Regulation shall be exempt from the application of VAT. This exemption shall not apply in respect of specific fees, commissions or commercial discounts.

Bahrain's central bank said on Wednesday that it had decided to raise its one-week deposit facility to 2.75 percent from 2.50 percent.

Continuing the series of taxes that will be levied on the Bahraini citizen starting January 2019, the Governor of Central Bank of Bahrain Rasheed Mohammed Al-Maraj disclosed that VAT will also be applied to all fee-based banking services.

Governor of Central Bank of Bahrain Rasheed Mohammed Al-Maraj said that Bahrain will witness the launch of the second digital bank early next year.

The overall volume of remittances sent to Bahrain by expatriates living in the GCC countries grew by 4.8% over the first half of this year, to reach $57.71 billion, up from $55.05 billion during the same period in 2017.

The Central Bank of Bahrain (CBB) lost 321.7 million BD of foreign assets ($848.7 million) within the first nine months of 2018.

Bahrain's banking assets rose to $192 billion at the end of September 2018 compared to $189 billion in the same period last year.

Bahrain Bourse announced writing off the 10th issuance of government bonds by the Central Bank of Bahrain on behalf of the Government from its lists starting Sunday, August 5, 2018.

Central Bank of Bahrain (CBB) said it managed to borrow 185 million on behalf of the Government of Bahrain. The bank said that the Government Development Bonds issued by the CBB on behalf of the Government of the Kingdom of Bahrain were covered.

Central Bank of Bahrain (CBB) said it managed to borrow 185 million on behalf of the Government of Bahrain. The bank said that the Government Development Bonds issued by the CBB on behalf of the Government of the Kingdom of Bahrain were covered.

Bahrain has been working with asset manager and advisory firm Lazard for several months, a source close to the matter said.

Bahrain is committed to keeping its currency pegged to the dollar, its central bank said on Tuesday, after the dinar fell in the spot market to a 17-year low because of concern about the country's rising public debt.