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.

Bids to Open on the New Saudi Causeway

The invitation to bid for the Tender on the transition phase of the new causeway has been opened by Bahrain’s King Fahad Causeway Authority.  The submission date is by the 21st February for the 25km stretch of causeway.  To read more click here.

Bahrain Allows 100% Foreign Ownership for Oil Spill Companies

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.

Bahrain GCC’s Fastest Growing Economy

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 to Commence on New Bahrain – Saudi Causeway

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 […]

New Joint Venture to Bring $212m to Bahrain

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.    

Parliament approves VAT for implementation on January 1, 2019

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.