A Bahrain-based private equity firm is in exclusive talks to buy seven-time European champion AC Milan and become the Italian league's first Middle East investor, a person with knowledge of the process said.

The twentieth annual study of global wealth management conducted by Boston Consulting Group (BCG) revealed that the year 2019 witnessed 68.8% of wealth being held by millionaires in Bahrain, while the study expected the number of millionaires in the Kingdom to grow by 1.1% annually in the coming years.

Bahrain's holding of U.S. bonds fell by 17% in April 2020, on a monthly basis.

Bilateral trade between Bahrain and the UK reached about �1.1 billion (2018-March 2019), according to latest figures revealed two days ago.

Bahrain's cabinet on Monday approved a draft state budget for the next two years that projects a further reduction in its deficit to reach $1.63 billion by 2020 as part of a fiscal reform programme.

Bahrain's investments in US Treasury bills and bonds dropped to about $720 million at the end of December compared to $812 million in November 2018, declining by 11.3%.

Although Bahrain's investment in US bonds rose by 1.98% in September on a monthly basis, it has been on the back of list of Gulf investments in bonds, following Saudi Arabia, the UAE, Kuwait and Qatar.

Investable wealth in Bahrain is expected to grow at a compound annual growth rate (CAGR) of 4 per cent by 2022, said a new report by The Boston Consulting Group (BCG).

Bloomberg, the economic news website, said Bahrain pledged to implement steps to repair its strained finances widely seen as crucial to help the kingdom receive support from Gulf Arab allies.

An international research institute has issued a report on the construction market in Bahrain and its opportunities to 2022. According to estimations, output from the Bahraini construction industry proliferated at an annual average of 4.8% over the review historical period of 2013�2017.