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.
Bahrain’s Municipality building is to have a new design and invitations for structural consulting companies are out for them to submit tenders. To read more click here.
Emirati company, Western Bainoona Group, has been awarded the contract for the construction of Phase One of the Sheikh Zayed Highway development project in the kingdom. The construction will significantly reduce congestion in a number of highly trafficked areas with more than 50,000 vehicles passing through per day. To read more click here.
The order, issued by Prime Minister Sheikh Khalifa bin Salman al Khalifa on the 2nd June, states that foreign companies can own 100 percent of oil and natural gas extraction projects as long as they have signed, or be in the final stages of signing an exploration and production agreement with the government.
The 2 companies have been in talks since May 2018 to renew their earlier agreement of 2012. The new agreement “….will enable Bahrain Steel to produce high grade DR pellets with over 67% Fe with combined silica and alumina levels of less than 2.5% and BF pellets of 65% Fe with combined silica and alumina […]
Saudi Arabia has granted a fund of $1bn towards the construction of a new Medical City. The contractor will be finalised in June and construction expected to commence in the 3rd quarter of the year. To read more click here.
The new law is currently being developed by the Government and will go next to legislators to fine tune. It will replace the current media law dating 2002. To read more click here.