HH Shaikh Nasser bin Hamad congratulated by NAO President
President of the National Financial and Administrative Audit Office (NAO), Shaikh Ahmed bin Mohammed Al Khalifa congratulated HM the King’s Representative for Humanitarian Work and Youth Affairs, Supreme Council for Youth and Sports Chairman and Royal Endurance Team Captain, HH Shaikh Nasser bin Hamad Al Khalifa, on clinching first place in the 160-km race in […]
Bahrain-Swiss business ties discussed
Bahraini-Swiss economic affairs and strengthening of bilateral relations were highlighted during a meeting between Industry, Commerce and Tourism Ministry Under-Secretary Iman Al Dosari and members of a Swiss economic delegation. The meeting stressed on the government’s keenness to strengthen its relations with various global and economic institutions. Swiss Confederation accredited Ambassador to Bahrain Massimo Badji, […]
Fiscal Balance Programme on track, says minister
The Fiscal Balance Programme is on track to achieved its goals, said Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa. The ministry stressed continued dedicated work to implement all initiatives which are set out in the programme to reach fiscal balance, highlighting the strides achieved so far. “The programme aims […]
Bahrain Duty Free’s role in enhancing airport, services stressed
Transport and Communications Minister Kamal bin Ahmed Mohammed commended the efforts made by the Bahrain Duty Free Company to improve its services, which contributes to enhancing the role of Bahrain International Airport and its services. The minister, who was speaking during the annual Ghabga hosted by the company, pointed out that the steady enhancement of […]
Moody’s upgrades Bahrain’s outlook to stable, affirms B2 ratings
Moody’s Investors Service has changed the outlook on Bahrain to stable from negative and has affirmed its B2 long-term issuer and senior unsecured ratings. The change of outlook to stable reflects “an easing of downside risks to Bahrain’s ratings.” The ratings agency believes the increase in oil prices since early 2021 will remain elevated for […]
Bahrain’s FDI surges 5.6% to $33bln in 2021 despite Covid
Bahrain has recorded foreign direct investments (FDI) worth BD12.6 billion ($33.1 billion) for 2021 compared to BD11.9 billion ($31.2 billion), thus registering an increase of 5.6 per cent over the previous year, said the kingdom’s Information & eGovernment Authority (iGA) in a new report. The survey, conducted in collaboration with the Central Bank of Bahrain […]
Bahrain’s SIO announces 6% retroactive pension rise deposited
Social Insurance Organisation (SIO) CEO Eman Mustafa Al Murbati announced that a six per cent retroactive pension increase of retirees from January 2021 to April 2022 have been deposited in their accounts, as per the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister. The directives align with […]
Biden to require US-made steel, iron for infrastructure
The Biden administration is taking a key step toward ensuring that federal dollars will support U.S. manufacturing — issuing requirements for how projects funded by the $1 trillion bipartisan infrastructure package source their construction material. New guidance issued Monday requires that the material purchased — whether it’s for a bridge, a highway, a water […]
Interior Ministry coordinating with Foreign Ministry to protect fishermen’s rights
The Interior Ministry has condemned the arrest of two Bahraini and four Asian fishermen by the Qatari Coast and Border Guard Patrols on April 13 and the confiscation of their boats over charges of entering the regional waters. The Ministry said that their arrest had violated the Gulf Cooperation Council (GCC)’s brotherhood and good neighbouring […]
الاقتصاد البحريني يسجل نموا حقيقياً بمقدار 4.29% و18.44% بالأسعار الجارية مقارنة بالربع المماثل من 2020
أظهرت تقديرات الحسابات القومية الصادرة عن هيئة المعلومات والحكومة الالكترونية، نمو الناتج المحلي الإجمالي لمملكة البحرين بالأسعار الحقيقية بنسبة 4.29% وبنسبة 18.44% بالأسعار الجارية في الربع الرابع من 2021. ويتضح في التقرير النمو الإيجابي لكلا القطاعين النفطي و غير نفطي. حيث حقق القطاع النفطي نمواً بمقدار 4.67% بالأسعار الحقيقية و64.15% بالأسعار الجارية وذلك انعكاساً لارتفاع […]
