Bahrain to Reduce BANOCO Arab Medium Crude Exports in December
Bahrain plans to export less shipments of BANOCO Arab Medium crude oil in December due to pre-planned maintenance of an oil field, trade sources said.
Ministerial Order: New Fees Imposed on Agricultural and Veterinary Services
The Bahraini Minister of Works, Municipal Affairs and Urban Planning Eng. Essam Khalaf announced the implementation of new fees for agricultural and veterinary services.
Government Tends to Increase Postal Services Fees
The Al-Ayam local newspaper said that the government tends to increase the postal services fees to change the sector into a “profitable government association”, instead of providing postal services in return for symbolic fees.
New Bahrain Oil Pipeline Ready in 2018, Gas Pipeline Under Study
A new 350,000-barrels-per-day oil pipeline between Saudi Arabia and Bahrain will be completed next year to serve the planned expansion of Bahrain's refinery capacity, while construction of a gas pipeline is being considered, Bahrain's oil minister said.
Gulf Air Offers to Sell and Lease 6 Aircraft
The tender board opened its meeting yesterday on Thursday (October 5, 2017) with 82 bids for 14 tenders submitted by 12 government agencies. The total value of bids received was 2.8 million dinars.
“Amwaj Gate” Up for Auction at End of October
The Stalled Projects Development Committee in Bahrain decided to hold a meeting for putting up the Amwaj Gate project for auction on October 31, 2017, setting an initial price of 36 million dinars.
Investcorp Invests in Multifamily Properties in Arizona and Florida
Investcorp announced yesterday that its U.S.-based real estate arm has invested in six multifamily properties in Florida and Arizona, for a total purchase price of approximately $350 million. The properties are located in key growth markets with strong fundamentals in the multifamily space.
Amazon Announces Opening of its Regional Center in Bahrain
Amazon announced the opening of a regional center in Bahrain for Internet services (cloud computing) as the first regional center in Bahrain to serve all the Middle East and Africa, during Amazon summit for web services held in Four Seasons Hotel.
Bahrain to Sign Bapco's Expansion Contracts before Year End
Bahrain’s oil minister said on Sunday he expects expansion contracts for Bahrain Petroleum Company (Bapco) to be signed before the end of the year, state news agency BNA reported.
Bahrain's Bapco to meet Technip-led consortium for talks on refinery expansion
State-run Bahrain Petroleum Co (Bapco) will meet a consortium led by France's Technip for further talks over the planned expansion of Bahrain's only oil refinery, sources close to the matter told Reuters.
Bahrain may need to boost interest rates to protect currency, IMF warns
Bahrain may need to raise its market interest rates to protect its currency and must refrain from having its central bank lend money to cover the government's budget deficit, the International Monetary Fund said on Monday.
Bahrain: 439 Economic Crimes within First Half of 2017
General Directorate of Anti-Corruption and Economic and Electronic Security Major Hussein Salman Matar said that the Anti-Economic Crimes Directorate monitored 439 cases within the first half of 2017, compared to 520 in 2016.
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.