The kingdom has attracted more than $7.5 billion in demand so far after offering a substantial yield premium for its 10-year notes and Islamic securities
Politics & Economics
Bahrain converts car park into Covid-19 ICU
Bahrain has recorded over 1,500 cases of coronavirus, including 7 deaths
US defence giant to start production of Patriot system for Bahrain
The US Army has awarded Raytheon Company a $551m contract to begin production of air defence system for Gulf kingdom
Bahrain mulls oil, gas transfer following Saudi Aramco IPO success
Oil Minister says Bahrain may transfer some of its oil and natural gas assets into a proposed state-run fund
Kuwait’s KFH says AUB merger to create $101bn banking giant
Kuwait Finance House chairman says plan to buy Bahrain’s Ahli United Bank has received approval from central banks
Prince Andrew’s Pitch@Palace initiative to continue in the Middle East in 2020
Global entrepreneurial initiative founded by Prince Andrew, will continue, despite his stepping back from public life in November
Bahrain gov’t extends third deadline for VAT registration
The new VAT registration deadline will cover businesses whose annual supply value exceeded BD37,500 in the previous 12 months
US defence giant starts production of Bahrain F-16 fighter jets
Lockheed Martin hosts ambassador of Bahrain to the United States as production gets underway on the first F-16 aircraft for the Royal Bahraini Air Force
Bahrain launches fast-track process in bid to attract more start-ups
Bahrain Economic Development Board says new service includes fast-tracked entry process which will cover residency, visa requirements and business registration
Bahrain economy
Revealed: Some of the gov’t fees now scrapped in Bahrain
Bahraini nationals will no longer have to pay fees on around 200 government services
Bahrain
Bahrain orders 10% of all public contracts to go to SMEs
Bahrain cabinet has extended the rule, giving more business to small companies
Bahrain
Bahrain scraps fees on 200 government services
Gulf kingdom also made 220 government services VAT-exempt for citizens
Christine Lagarde
Urgency needed to boost Palestinian economy: IMF chief
The International Monetary Fund has been warning of severe deterioration in the Palestinian economy, with tax revenue blocked in a dispute with Israel
Bahrain
Bahrain businessmen deny BCCI brawl
Three accused of assaulting Egyptian after alleged sectarian remarks
Bahrain
Bahrain to roll out much-delayed new wages scheme from September
Scheme will mean Bahraini employers will have to transfer employees’ salaries directly into their bank accounts
Bahrain
Philippine govt offers financial aid to ‘flexible visa’ seekers in Bahrain
Filipinos seeking to normalise their immigration status in Bahrain will be offered $1,362 to cover fees
Arab Monetary Fund
Bahrain’s Gulf allies show support for kingdom’s fiscal stability
Finance ministers of Saudi Arabia, the UAE and Kuwait reviewed a report prepared by a joint technical team in coordination with the Arab Monetary Fund