The Central Bank of Bahrain (CBB) announced that issue number 144 (ISIN BH00077UV743) of the short-term Islamic leasing bonds, Sukuk Al-Ijara, that are issued by the CBB on behalf of the Government of the Kingdom of Bahrain, has been subscribed.

A flour mill based in Bahrain has issued an international tender to purchase 25,000 tonnes of wheat which can be sourced from optional origins, European traders said on Monday.

Law graduates in Bahrain complained about the difficulties they suffer from during their training period that is considered a condition to receive a license to practice law. They said that they receive low wages, reaching sometimes 100 BD as well as what they consider “belittlement” by other lawyers and being treated as reporters or transition brokers.

Ebrahim Sharif said Bahrain's foreign currency reserves witnessed a sharp decline, as it is no longer enough to cover the country's imports for two consecutive months.

Moody's Investors Service has downgraded the Government of Bahrain's long-term issuer rating to B1 from Ba2, and maintained the negative outlook.

Moody’s on Friday downgraded Oman’s and Bahrain’s long-term bond ratings, citing limited progress in addressing the nation’s vulnerabilities to the weak oil price environment

Official statistics revealed that the total amount of money paid in financial transactions for the government’s national electronic portal since the beginning of 2017, is around BD 27 million.

Bahrain's gross domestic product (GDP) grew by 2.88% at constant prices and 10.39% at current prices in the first quarter of 2017 compared to the same period of 2016.

The number of online transactions has shown an increase in the value of the financial payments in 2016 that reached BD46 million, data released by Information and eGovernment Authority (iGA) showed.

Shura Council passed in its session on Sunday (July 16, 2017) the draft-law, on the general state budget for the two fiscal years 2017 and 2018.

A local newspaper reported according to Head of Engineering Profession Practice in Bahrain, Abdul Majeed Al-Qassam, that the number of authorized offices to practice engineering in Bahrain is 198.

A new report of Bank of America Merrill Lynch said that Bahrain’s economic situation is not expected to improve during the coming period.

The executive regulation of Decree Law No. 25 of 2015 on the collection of construction cost and development of infrastructure, revealed that a BD 12 is imposed on each meter square of construction area.

The Bahraini government stated that the Ministry of Industry and Commerce (MoIC), on its behalf, is currently canceling all commercial registries that are not renewed, and have not practiced their activities for over 1 calendar year.

Dubai's Majid Al Futtaim , the Middle East operator of French retailer Carrefour, has acquired 26 Geant hypermarket stores in the United Arab Emirates, Bahrain and Kuwait from BMA International.

Member of the Financial and Economic Affairs Committee at the Bahrain Shura Council, Rida Faraj, said that the projected labor force adopted finance in the state General Budget is the same for years 2017 and 2018.

The coordination committee convened its 185 meeting, presided over by Bahrain Crown Prince Salman bin Hamad Al Khalifa, and discussed the organizational measures for the Valu-Added Tax (VAT) agreement.

Bahrain Tourism and Exhibitions Authority said that revenues of Bahrain hotels reached 3.2 Million BD during Al-Fitr Eid.

vel 2, Economy Summary: The Shura Council Financial and Economic Affairs Committee member, MP Darwich Al-Manaei, said that the financial deficit in the next 2 year’s budget represents 10.9% of the Gross Domestic Product (GDP) for 2017 and 9.9% of the GDP for 2019.

The Bahraini government reduced the allowances of many items listed under the “recurrent expenses” section in the state budget for the years 2017 and 2018, especially in the financial allocations of next year (2018).