BAHRAIN NEWS AND BUSINESS UPDATES
Your starting point for all the latest news stories concerning business, legal and other stories and events concerning Bahrain and the Gulf region.
The Bahrain Chamber of Commerce and Industry granted the approval after receiving a memorandum from the Minister of Industry, Commerce and Tourism, and based on a proposal by the Minister of Oil. To read more click here.
2017 results show that Bahrain’s real GDP grew by 3.9%, with a 5% growth in the non-oil sector, giving the highest growth rates across the GCC. To read more click here.
Bids for the construction of the new Saudi causeway will open next week. The new causway will run paralell to the current one but will be for freight and passenger trains, and vehicles. It’s estimated it will cost approximately $4-billion for the 25-km-long road further linking the kingdom with Saudi Arabia. To read more click […]
The new Joint Venture, between Kooheji Golden Gate and Indian property developers Ajmera Mayfair, will first develop a project of over 140,000 square meters in Bahrain Bay. To read more click here.
On Sunday 4 October, Bahrain’s Parliament, holding an extraordinary session upon a royal order, approved VAT at the rate of 5% per cent effective from January 1 next year. Bahrain will be the 3rd country within the GCC to implement the VAT along with the UAE and Saudi Arabia. To read more click here.
To accommodate Bahrain’s economic growth and the rise of international foreign investment, and aimed to make the notarization process easier and more time and cost efficient for individuals and businesses, the Bahrain government recently launched an initiative whereby selected individuals have been appointed to serve as Private Notaries. Mr. Hatim Q. Zu’bi, Partner at PRIME […]