According to the report of the Financial and Administrative Oversight Bureau for the years 2021 and 2022, Bahrain's public debt and interest rates have reached catastrophic numbers. The report indicates that the government has turned Bahrain into a sick country addicted to debt and aid.

European customers are reluctant to place orders for next year due to worries about a recession, spurring a fall in demand, the head of Aluminium Bahrain (Alba) said.

Bahrain's 2022 budget will record a surplus for the first time in 14 years, supported by the increasing crude oil prices, a Kuwaiti economic report predicted Sunday.

Central Bank of Bahrain's data showed that public debt increased by 9% year-on-year at the end of the first quarter of 2022.

The Bahrain Embassy in the United Kingdom has confirmed Investcorp, based in Bahrain, opened talks to buy the Italian AC Milan, currently owned by Elliott Management, for $1.1 billion.

Once it recovers from the economic downturn instigated by the coronavirus pandemic, Bahrain will likely need "an urgent fiscal adjustment," Ali Al-Eyd, the fund's Bahrain mission chief, said in an interview with Bloomberg.

Bahrain will likely need further financial support from its Gulf neighbors despite reform measures, Fitch Ratings' lead Bahrain analyst Toby Iles said on Monday.

Bahrain will need more Gulf support in the medium term, financial analysts say, noting that Bahrain has received more than half of the planned support in the financial balance program which the government signed in partnership with three Gulf states.

The International Monetary Fund (IMF) urged Bahrain to implement fiscal reforms and lower its public debt, which increased sharply last year as the coronavirus crisis hurt the small oil-producing Gulf state.

Bahrain's "Mumtalakat" has been ranked as the ninth-largest Arab sovereign fund with a value of $19 billion by Bloomberg Al-Sharq.

The U.S. Commerce Department on Tuesday issued final anti-dumping duties on common alloy aluminum sheet from 16 of 18 countries investigated, including up to 242.8% on imports from Germany and 83% on imports from Bahrain.

Bahrain's economic recovery from the COVID-19 pandemic will be gradual, with growth projected at 3.3% this year after a 5.4% contraction in 2020, the International Monetary Fund said on Sunday.

Bahrain's real gross domestic product declined by 6.9% year on year in the third quarter of 2020, the government said in a statement on Tuesday.

The Bahraini Cabinet announced on Monday extending the 50% wage support of citizens working in the sectors affected with Coronavirus until the end of this year.

Gulf nations have been putting on a brave face and touting the strength of their economies, claiming they can withstand any scale of shocks during the oil crisis. Unfortunately, a growing body of evidence suggests pretty much the opposite: the Gulf economies are in dire straits thanks to their overreliance on oil.

A recent report from the Central Bank of Bahrain predicted that government debt will represent 110% of GDP by the end of this year, with a decline to about 105% in 2021.

Bahrain's economy contracted by 8.9% year on year in the second quarter, government data showed on Sunday, as the small Gulf state suffered from restriction measures to contain the new coronavirus.

Bahrain's Real Estate Regulatory Authority (RERA) has issued an edict suspending the license given to GG Developers SPC, the developer of Golden Gate project, due to the violations it committed.

Fitch Ratings has downgraded National Bank of Bahrain and Kuwait B.S.C.'s (BBK) Long-Term Issuer Default Rating (IDR) to 'B+' from 'BB-'. The Outlook is Stable.

Bahrain sold $2 billion in a dual-tranche bond deal comprising seven-year sukuk and 12-year conventional bonds on Wednesday, its second international debt sale this year, a document showed.