The central bank of Bahrain said on Wednesday it was raising the policy interest rate on its one-week deposit facility by 25 basis points to 1.00 percent.

Bahraini Parliamentary Financial Committee expressed its concern about rising public debt that reached as in December 2015 about 7.2 billion BD.

Central Bank of Bahrain (CBB) Governor Rashid Al-Miraj said that issue of tax regimes and raising it in the Gulf States remain a financial matter under the specialty of the Ministry of Finance and the Finance Ministers in the region, who are competent to deal with such issues.

State-run Bahrain Petroleum Company (Bapco) has received bids from international construction companies to expand its Sitra oil refinery, industry sources said.

Standard & poor's (S&P) agency downgraded Bahrain’s sovereign debt rating from “BB” to “BB-“, but said the outlook for the Kingdom and its central bank is stable.

The judiciary-affiliated committee responsible for the settlement of stalled real estate development projects, convened with the creditors of “Juffair Fairuz” project in preparation for selling the project in auction.

Hundreds of foreign workers rallied outside two construction sites, in protest against the delay in salary payment by one of the biggest construction companies in Bahrain.

The Kingdom of Bahrain is in talks with lenders for an Islamic bond, or sukuk, which is expected to be issued in the first quarter of 2017, banking sources told Reuters.

A report issued by Securities & Investment Company (SICO) Bahrain, mentioned that Bahrain’s debts by next year (2017) is expected to reach $808 million, at the time when the country’s public debt increased to more than $20 billion during the first half of this year (2016).

The leader at the Progressive Democratic Tribune (al-Minbar), Abdulnabi Salman, said that the number of foreigners in Bahrain increased by 27 thousand in the past 6 months, and thus the total number has exceeded 595 thousand foreigners residing in Bahrain.

The government objected to a parliamentary proposal to impose fees on remittances abroad, estimated at 2.5 billion dinars annually.

Bahrain's foreign reserves have more than halved since the end of 2014 as low oil prices slash the value of the country's exports, the prospectus for the kingdom's sovereign bond issue this week shows.

OPEC agreed on Wednesday modest oil output cuts for the first time since 2008, at time when group's leader Saudi Arabia softens its stance on arch-rival Iran.

ky News Channel said that the Bahrain-based alternative investment firm Investcorp purchased on Sunday an administrative building in Washington for $223.5 million.

The Tom Lantos Human Rights Commission of the US Congress (TLHRC) held a hearing on Friday (September 9, 2016) to examine the US government’s response to the human rights crisis in Bahrain

Moody’s said that Bahrain launched three international debt placements since beginning of year until May 2016, with total value of $1,035 billion.

Russia and Bahrain agreed to expand cooperation in liquefied natural gas (LNG) on Tuesday...

Bahrain decided to raise price of "super" petrol to 235 Fils per liter, after it was at 195 Fils.

A report issued by intelligence publication HS Jane’s revealed that Bahrain has doubled its spending on defences in 2016.

British defense and intelligence publication HS Jane’s report revealed that Bahrain increase spending on armament by over double.