Bahrain Mirror (Reuters): Fitch Ratings has revised Bahrain's Outlook to Negative from Stable and affirmed its Long-term foreign and local currency Issuer Default Ratings (IDR) at 'BBB-'and 'BBB', respectively.

Bahrain Mirror (AFP): Faced with heavy losses from low oil prices, Gulf states have embarked on belt-tightening measures to cut spending and boost non-crude revenues, but analysts warn much more needs to be done.

Bahrain Mirror: A report issued by Kamco Investment Company indicates that �Bahrain has recorded the highest rank in terms of public debt, as it reached 54%.

Bahrain Mirror: Member of the minor committee assigned to review the redirection of subsidies and development of government revenues in the Bahraini Parliament, said that �the government aims at lifting subsidies on electricity for non-Bahrainis gradually within a 4-year plan.�

Bahrain Mirror: A report entitled �Horizons of the Arab Economy� issued by Arab Monetary Fund (AMF) said that the Bahraini economy is expected to become affected in 2015 and 2016 by the fluctuations of global fuel prices.

Bahrain Mirror: The Bahraini Member of Parliament Ahmed Al-Qarata said: �The government will present a new decree-law to the parliament to raise the public debt ceiling in order to open the door for more borrowing following the drop in oil prices.�

Bahrain Mirror: Chairman of Bahrain�s Shura Committee on Finance and Economic Affairs Khalid Al-Maskati said that the decrease in oil prices to less than 60 dollars exposes the general budget to challenges.

Reuters: Arcapita, the Bahrain-based investment management firm, has acquired phase one of Saadiyat Beach Residences, a residential real estate complex in Abu Dhabi, the company said in a statement on Tuesday.

Bahrain Mirror: The international rating agency, Moody's Investors Service, has changed the outlook for Bahrain's banking system to negative from stable.

Reuters: Bahrain's top government advisory body has passed a state budget for 2015 and 2016 after a six-month delay during which parliament forced changes to the plan, underlining the heavy financial pressure that Bahrain faces amid low oil prices.

Reuters: Fitch Ratings has downgraded National Bank of Bahrain's (NBB) and BBK B.S.C.'s (BBK) Long-term Issuer Default Ratings (IDRs) to 'BBB-' from 'BBB'.

Ruters: Fitch Ratings has downgraded Bahrain's Long-term foreign currency Issuer Default Rating(IDR) to 'BBB-' from 'BBB' and Long-term local currency IDR to 'BBB' from 'BBB+'. The Outlooks are Stable.

Bahrain Mirror: The Deutsche Bank stated that Bahrain has less than two years� worth of cash reserves left at current levels of spending.

Bahrain Mirror: The outlook for most of the rich Gulf Arab economies has dimmed for this year and next as oil prices have remained relatively low, according to a Reuters poll published on Wednesday. The poll revealed that Bahrain inflation will reach 12% of its GDP for this year

Moody's Investors Service, a credit rating agency, expected that Bahrain's budget deficit will increase to 14% of its GDP in 2015, and shrink to 10% in 2016.