#Bahrain

Bahrain’s ATME aims transforming regional markets with asset tokenisation

The Bahrain-regulated exchange aims to create a more inclusive and efficient financial system by enabling fractional ownership of high-value asset classes.

Bahrain (Image: Supplied by Qatar Airways)

Bahrain’s new domestic minimum top-up tax: What it means for multinationals

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

BNP Paribas to scrap Bahrain as Middle East HQ and cut jobs

BNP Paribas to scrap Bahrain as Middle East HQ and cut jobs

The move comes as competition intensifies between Dubai, Abu Dhabi and Riyadh for regional financial dominance

Saudi miner Ma’aden to acquire SABIC stake in Alba for $1bn

Saudi Ma’aden to buy nearly 21% stake in Bahrain’s Alba for $1bn

The deal is valued between $963.25m and $1.06bn (BHD363m and 398m), and the proceeds will help SABIC grow in the chemicals industry

Bahrain to impose 15% minimum tax on large multinationals

Bahrain to impose 15% minimum tax on large multinationals

The government urged eligible businesses to register with the National Bureau for Revenue before the deadline

Bahrain’s Q1 2024 GDP expands by 3.3% YoY

Bahrain’s Q1 GDP up 3.3% fueled by non-oil sector growth

Non-oil economy increased 3.3 per cent in the January-March period, contributing almost 85.9 per cent to overall GDP

U by Emaar Unveils Luxurious Bahrain Expansion

U by Emaar loyalty programme now covers these Bahrain hotels

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

UAE raises $1.5bn from 10-year bonds

UAE returns to bond market, raising $1.5bn in 10-year bonds

The debt is rated Aa2, the third-highest investment grade, by Moody’s and one step lower at AA- by Fitch Ratings

Bahrain attracts recordbreaking FDI flows in 2023 Getty-Images-1471641887

Bahrain attracted record FDI inflows of $6.8bn in 2023

The top countries contributing to Bahrain’s FDI stocks as part of a diverse portfolio include Kuwait, Saudi Arabia and the UAE

Bahrain holiday

Eid Al Adha 2024: Holiday dates for Bahrain, Kuwait and Oman

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

kuwait

Kuwait signs $102m loan to develop Bahrain’s power grid

The loan agreement between Kuwait and Bahrain is financing the development of a 400 kilovolt transmission line

EGYPT CHINA TALKS

Egypt, Bahrain, Tunisia leaders head to China

The discussions are expected to address the Israel-Gaza conflict, the Palestinian issue, and a potential free trade agreement between China and Gulf states

Bahrain

Bahrain’s credit rating ‘stable’ at B+/B amid economic challenges: S&P

S&P’s affirmation of Bahrain’s credit ratings and stable outlook highlights the country’s ongoing fiscal reforms and support from GCC allies

Bahrain holiday

Russia’s Nornickel planning to build PGMs refinery in Bahrain – report

Russian Deputy Prime Minister Alexander Novak said that Nornickel plans to build “a platinum production plant” in Bahrain

GCC weather rain

GCC-wide weather alert: Saudi Arabia, Bahrain, Oman, Qatar issue advisories

Saudi Arabia’s General Directorate of Civil Defence said that most parts of the kingdom will experience moderate-to-torrential thundershowers this week

rain- cloud - thunderstorms

‘Unstable weather system’ brings heavy rain to Saudi Arabia, Bahrain

Several parts of Saudi Arabia witnessed heavy rains and hail showers this week, prompting warnings from meteorology and civil defense authorities

UAE reportedly considering 10-year golden business licences

UAE reportedly considering 10-year golden business licences

The new trade licences are expected to increase government revenue, ensure business continuity, and promote economic growth

Bahrain oil project secures financing from US Exim Bank

US export credit agency approves support for Bahrain oil project

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

Bahrain holiday

Bahrain: Golden licence initiative attracts $2.4bn in investments

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

Saudi Arabia, Qatar - GCC

Lower GCC growth amid oil cuts, says Oxford Economics

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

F-16 Block 70 fighter jets

Bahrain receives Lockheed Martin’s F-16 Block 70 fighter jets

The F-16 Block 70 jets are equipped with state-of-the-art features including the APG-83 AESA Radar and advanced avionics

Saudi Arabia’s PIF, Bahrain Mumtalakat to boost cooperation, investment

Saudi Arabia’s PIF, Bahrain Mumtalakat to boost cooperation, investment

The agreement aims to expand cooperation between the two parties and enable new and promising investment opportunities in Bahrain

UAE, Arab countries sign agreements to avoid double taxation

UAE signs agreements with Arab countries to avoid double taxation

The agreements seek to eliminate double taxation, additional taxes, indirect taxes, and tax evasion while addressing cross-border trade challenges

Investcorp plans 2024 listing of GCC portfolio company

Bahrain’s Investcorp plans 2024 listing of GCC portfolio company

The alternative investment firm listed Investcorp Capital on the Abu Dhabi exchange last year, defying a depressed market for IPOs

Bahrain Steel company to receive Dhs450m SLL Image Getty images

Bahrain Steel to receive $450m sustainability-linked loan from bank consortium

The SLL’s framework incentivises Bahrain Steel to exceed mandatory greenhouse gas emissions reductions, facilitating the company’s transition toward lower carbon operations

Binance Bahrain

Bahrain deports 139 workers in latest inspection crackdown

The total number of deported workers from Bahrain numbers almost 400 since the end of November 2023

Masdar

Top marks for GCC nations in digital connectivity index

Countries in the GCC are ranking among the highest in the world when it comes to the state of their digital connectivity in 2023

S&P Global affirms positive outlook on Bahrain

Bahrain notched up 2.45% growth in third quarter of 2023

The Kingdom of Bahrain showcased healthy GDP growth for the third quarter of 2023, according to the latest statistics revealed by that country.

Huawei

Huawei holds ICT competition in Bahrain to develop tech skills

More than 27,500 students from over 600 universities across 21 Middle Eastern and Central Asian countries have participated in this year’s competition

UAE President receives Bahraini Foreign Minister

UAE President Sheikh Mohamed receives Bahraini Foreign Minister

Sheikh Mohamed expressed his best wishes to King Hamad and Bahrain and its people for continued development and growth