From investment impact to compliance obligations, FTI Consulting’s Nilesh Ashar explores how this tax positions Bahrain on the international tax landscape while offering strategic reliefs to boost the economy
The move comes as competition intensifies between Dubai, Abu Dhabi and Riyadh for regional financial dominance
The deal is valued between $963.25m and $1.06bn (BHD363m and 398m), and the proceeds will help SABIC grow in the chemicals industry
The government urged eligible businesses to register with the National Bureau for Revenue before the deadline
Non-oil economy increased 3.3 per cent in the January-March period, contributing almost 85.9 per cent to overall GDP
The new additions, Address Beach Resort Bahrain and Vida Beach Resort Marassi-Al-Bahrain, will allow members to earn and redeem Upoints, the programme’s currency
The debt is rated Aa2, the third-highest investment grade, by Moody’s and one step lower at AA- by Fitch Ratings
The top countries contributing to Bahrain’s FDI stocks as part of a diverse portfolio include Kuwait, Saudi Arabia and the UAE
Eid Al Adha, is one of the most significant events in the Islamic calendar, and is marked by special prayers, feasts, and acts of charity
The loan agreement between Kuwait and Bahrain is financing the development of a 400 kilovolt transmission line
The discussions are expected to address the Israel-Gaza conflict, the Palestinian issue, and a potential free trade agreement between China and Gulf states
S&P’s affirmation of Bahrain’s credit ratings and stable outlook highlights the country’s ongoing fiscal reforms and support from GCC allies
Russian Deputy Prime Minister Alexander Novak said that Nornickel plans to build “a platinum production plant” in Bahrain
Saudi Arabia’s General Directorate of Civil Defence said that most parts of the kingdom will experience moderate-to-torrential thundershowers this week
Several parts of Saudi Arabia witnessed heavy rains and hail showers this week, prompting warnings from meteorology and civil defense authorities
The new trade licences are expected to increase government revenue, ensure business continuity, and promote economic growth
The board of EXIM approved the project after voting last month to notify Congress about potentially supporting the expansion of an oil and gas field in the Gulf state
With Bahrain’s FDI stock relative to GDP surpassing the global average at over 81 per cent, international investors continue to trust its competitive value proposition
GDP growth for Saudi Arabia in 2024 is expected to top 2.1 per cent, while growth in the UAE is set to reach 4.4 per cent
The F-16 Block 70 jets are equipped with state-of-the-art features including the APG-83 AESA Radar and advanced avionics
The agreement aims to expand cooperation between the two parties and enable new and promising investment opportunities in Bahrain
The agreements seek to eliminate double taxation, additional taxes, indirect taxes, and tax evasion while addressing cross-border trade challenges
The alternative investment firm listed Investcorp Capital on the Abu Dhabi exchange last year, defying a depressed market for IPOs
The SLL’s framework incentivises Bahrain Steel to exceed mandatory greenhouse gas emissions reductions, facilitating the company’s transition toward lower carbon operations
The total number of deported workers from Bahrain numbers almost 400 since the end of November 2023
Countries in the GCC are ranking among the highest in the world when it comes to the state of their digital connectivity in 2023
The Kingdom of Bahrain showcased healthy GDP growth for the third quarter of 2023, according to the latest statistics revealed by that country.
More than 27,500 students from over 600 universities across 21 Middle Eastern and Central Asian countries have participated in this year’s competition
Sheikh Mohamed expressed his best wishes to King Hamad and Bahrain and its people for continued development and growth
Bahrain’s government confirmed that its ambassador to Israel had been asked to return