The Organization of the Petroleum Exporting Countries (OPEC) pumped 32.00 million barrels per day in May, the survey found, down 70,000 bpd from April�s revised figure. The May total is the lowest since April 2017, according to Reuters surveys.

Mumtalakat Holding Company (Mumtalakat) has appointed Basim Al-Saie as the new chairman of the board of Gulf Aluminium Rolling Mill Company (Garmco).

Bahrain is considering a 10-year residency visa for foreign investors, state news agency BNA reported on Wednesday, following similar moves by neighbours Qatar and the United Arab Emirates.

British International Trade Secretary Liam Fox said he is in Bahrain to discuss investment opportunities.

Net foreign assets at Bahrain�s central bank, an indication of its ability to defend its currency against any market pressure, rebounded last month after dropping to a seven-month low in March, central bank data showed on Thursday.

Bahrain�s cash-strapped government is in talks with parliament on a new subsidy system that would redirect some of the financial aid the government provides to its citizens, officials said.

Saudi Ambassador to Bahrain Abdullah Al-Sheikh said that trade with Bahrain reached 30 billion SR, which amounts to 3 billion BD, adding that this is �a significant number�.

Akhbar Al-Khaleej daily said that it anticipates an increase in the rental prices and housing units by 20% once the VAT is implemented.

Bahrain�s private K-12 education market valued at $0.4 billion in 2017 is poised to grow to $700 million by 2023, according to a new report.

Board of Directors of Bahrain Development Bank (BDB) announced appointment of Sanjeev Paul as Chief Executive Officer of BDB Group as of May 15, 2018.

Bahrain's foreign assets have fallen by 49.2% in March, according to official data from the Central Bank of Bahrain.

Statistics revealed that the number of Indians living in Bahrain is 350 thousand versus 325 thousand in the UK.

Bahrain's Chamber of Commerce and Industry reduced the number of its committees from 24 permanent committees to only 10.

Vice President of Bahrain's Livestock Company, Yousuf Al-Saleh, has ruled out a shortage of meat during Ramadan.

The International Monetary Fund predicted that the Bahraini economy will grow to $40 billion in 2019 with an estimated annual growth of 3% this year and 2% in gross domestic product next year.

Bahrain needs to accelerate reforms to its state budget to reach a deficit level that would make its finances sustainable over the medium term, an International Monetary Fund official said.

Bahrain Aluminum Company (Alba) reported a net gain of BD 33.9 million in the first quarter of 2018 compared to BD 25.6 million during the same period in 2017, an increase of 32% year-over-year.

An economic find said that Bahrain's onshore oil reserves, which the US Energy Information Administration (EIA) estimates at 125 million barrels, will last less than 7 years at the current rate of production.

An international research institute has issued a report on the construction market in Bahrain and its opportunities to 2022. According to estimations, output from the Bahraini construction industry proliferated at an annual average of 4.8% over the review historical period of 2013�2017.

The �Gulf Business� magazine said that the annual salary survey it has recently conducted on Gulf States showed that the average salary in Bahrain for 2017 was 25% lower than the previous year.