The European Union ministers moved on Tuesday (March 13, 2018) Bahrain, the Marshall Islands and Saint Lucia from the blacklist of tax havens and added Bahamas, the U.S. Virgin Islands and Saint Kitts and Nevis to the list.

Akhbar Al-Khaleej daily said that Bahrain has called to exempt it from a US decision to impose new tariffs on the aluminum and steel industry. Last week US President Donald Trump announced a 25 per cent tariff on imported steel and 10pc on aluminum aimed at saving the US steel industry and cutting its deficit.

The most powerful member of the US Senate said Tuesday it was "highly unlikely" that Congress would pass legislation nullifying the tariffs President Donald Trump announced on steel and aluminum imports.

European Union finance ministers agreed new measures on Tuesday to force accountants and banks to report aggressive tax schemes that help companies shift profits to low-tax countries.

Official statistics said that total value of Bahrain’s non-oil exports during the first eight months of 2017 amounted to about $4.8 billion; i.e. $100 thousand increase compared to the same period of 2016.

il Minister Mohammed bin Khalifa Al Khalifa stressed that his country is proceeding in a project to increase the capacity of the pipelines between Bahrain and Saudi Arabia.

Bahrain’s Oil Minister Mohammed bin Khalifa Al Khalifa said that Bahrain is preparing to extract deep gas by the end of this year.

Fitch Ratings has downgraded Bahrain Mumtalakat Holding Company's (Mumtalakat) Long-Term Issuer Default Ratings (IDR) to 'BB-' from 'BB+' and maintained it on Rating Watch Negative (RWN).

The Saudi ambassador to Bahrain said that Bahraini companies have made offers for the establishment, management and opening of cinemas in Saudi Arabia.

Aluminium Bahrain B.S.C (Alba), the Bahrain-based international aluminium smelter, announced the appointment of Adnan Hashim as the new Chief Financial Officer, effective Tuesday March 06, 2018.

Bloomberg said that access to a debt is helping some cash-strapped nations in the Gulf Cooperation Council kick reforms down the road.

The Secretary-General of the Gulf Aluminum Council, Mahmoud Al-Dailami, played down the repercussions of US President Donald Trump's decision to impose a 10% tariff on aluminum imports.

US President Donald Trump confirmed Washington imposed tariffs on imports of steel and aluminum, exempting Canada and Mexico temporarily.

Minister of Industry, Commerce and Tourism Zayed Al-Zayani said on Thursday (March 8, 2018) that the new bankruptcy law is ready for submission to the House of Representatives.

All countries affected by proposed U.S. tariffs on steel and aluminum have been invited to negotiate exclusions from the measures, which will take effect within 15 days after U.S. President Donald Trump signs proclamations on Thursday, the Associated Press reported.

Bloomberg, the economic news website, said that measures taken by Bahrain were not enough to stabilize its debt-to-GDP, indicating that the International monetary Fund (IMF) expects that the debt will reach 109%.

Reuters said that European Union states are set to remove Bahrain, the Marshall Islands and Saint Lucia from a list of tax havens next week, leaving only six jurisdictions on it, an EU document shows.

Fitch Ratings downgraded on Thursday (March 1, 2018) Bahrain's Long-Term Foreign-Currency Issuer Default Rating (IDR) to “BB-“, with a stable outlook.

A Pakistani newspaper said that 7210 Pakistanis got employed in Bahrain in 2017, according to official numbers issued by government body in Islamabad.

Aluminium Bahrain (Alba), owner of one of the world’s largest aluminum smelters, will raise by the end of this year’s first quarter the final debt amount needed to fund its Line 6 expansion project, a company official told Reuters.