Bahrain

UAE’s Sheikh Mohammed bin Rashid, King of Bahrain discuss in Abu Dhabi strong and longstanding relations between two countries

His Highness and His Majesty discussed advancements in cooperation, and the need for better collaboration for mutual development

GCC banks well positioned to continue strong run in 2024: Report

The report stated that high interest rates kept profit margins at 2.7 percent, with strong bank profitability in H1

Bahrain: Multinational enterprises required to pay new 15 percent minimum tax on profits starting January 1, 2025

This new framework for MNEs is fully in line with the guidelines set by the OECD

GCC listed banks post record $14.8 billion net profit in Q2 2024

Year-over-year, the growth was robust at 9.2 percent compared to Q2 2023

Bahrain’s $92.89 million T-bill issuance sees 254 percent oversubscription

The bills carry an issue date of August 25, and are scheduled to mature on February 23, 2025

Aluminum and iron ore drive Bahrain’s $894.31 million export surge in July 2024

China emerged as the leading import partner, contributing BHD73 million (16 percent) to Bahrain's import basket

Abu Dhabi Chamber sees 23.8 percent year-on-year growth in certificates of origin

This growth underscores the chamber's efforts to boost trade opportunities and enhance the UAE's international trade footprint

GCC’s aviation sector soars as a key economic driver 

Robust infrastructure, strategic location vital to the growth of the industry and the region’s economy

Bahrain’s economy posts solid 3.3 percent growth, lifting Q1 2024 GDP to $9.55 million

The oil sector grew by 3.4 percent and the non-oil sector by 3.3 percent at constant prices

GCC, Indonesia initiate talks for comprehensive deal to boost trade and investment

The proposed agreement aims to enhance cooperation, streamline investment regulations, and create new jobs

UAE faces 11.7 percent rise in malware detections as email attacks surge 293 percent globally: Report

Cybersecurity experts stressed the need for improved vigilance and protective measures against growing threats

Bahrain’s national non-oil exports reach $838.3 million in May

Saudi Arabia ranked first among export destinations, with BD64 million (20 percent) in national origin exports

Bahrain exceeds global ICT development average, ranks fifth worldwide with score of 97.5

Bahrain's economic leadership and technological progress have catalyzed further innovation and development in this vital sector

Bahrain attracts record FDI inflows of $6.8 billion in 2023, with UAE as third biggest contributor

Bahrain's FDI stocks relative to GDP stood at 99.7 percent as of the end of 2023

Mumtalakat, M42 partner to launch expand Amana Healthcare into Bahrain

The Bahrain Amana Healthcare facility will likely commence operations in 2025

Bahrain government’s $185.68 million treasury bills oversubscribed by 112 percent

Bahrain's total outstanding value of government treasury bills stands at $5.6 billion

Bahrain’s women empowerment index rises 30.6 percent since 2018, 50 percent surge in workplace and pension indicators: Report

The Kingdom achieved a full 100 score on expert opinions related to women starting and running a business

Bahrain’s credit rating affirmed at ‘B+/B’ with stable outlook: Report

The report forecasts an upgrade for Bahrain if the government substantially lowers net debt-to-GDP via improved budgets

Bahrain’s GDP grows by 2.4 percent to $36.08 billion in 2023

This represents an increase from $35 billion in the previous year

Bahrain central bank’s Treasury Bills oversubscribed by 111 percent

The demand for treasury bills remained robust this week, indicating investor confidence in the country's fiscal health

Batelco, Nokia join forces to offer private 5G networks in Bahrain

The partnership seeks to facilitate industrial-grade private networks in mission-critical sectors

Bahrain’s sovereign wealth fund takes full ownership of McLaren Group

McLaren has been under financial strain since the pandemic

Bahrain: 10.4 million digital transactions in 2023, 85 percent reduction in operational costs

iGa saw 89 percent surge in transaction rates, launch of 66 new eServices

Bahrain’s February exports soar by 17 percent to $891.57 million

Regarding imports, the value increased by 9 percent to $1.2 billion in February 2024