Bahrain news, articles and comment
Your starting point for all the latest news and comment concerning business, legal and other stories and events in Bahrain and the wider Gulf region.
11 leading global infrastructure companies prequalified for the first phase of the Bahrain Metro System.
/in News /by PRIME Instant OfficesBahrain’s Ministry of Transportation and Telecommunications (MTT) will procure the project as an integrated public private partnership (PPP) consisting of a prequalification followed by the main tender process. The list of pre-qualified bidders include two of Bahrain’s utility providers. The metro project will be implemented in four phases with the first phase comprising of two […]
Gradual post-Covid recovery for Bahrain.
/in News /by PRIME Instant OfficesComments made from a recent IMF mission to Bahrain stated that Bahrain’s growth is projected to accelerate to 3.4% in 2022 with non-oil GDP increasing by 4% and projected to stabilise at around 3%. The observations were made at the end of the visit in May, which was for for the purpose of conducting discussions […]
SIO Contribution Changes
/in News /by PRIME Instant OfficesAn announcement was recently made by the SIO (Social Insurance Organisation) regarding changes to the contributions made to the SIO for Bahraini employees. (Implemented by the provisions of Law No. (14) for the year 2022 which amends some provisions of the Social Insurance Law promulgated by legislative Decree No. (24) 1976.) From May 2022 the […]
Bahrain ranks highly in the latest State of Global Islamic Economy Indicator report.
/in News /by PRIME Instant OfficesIn the 2022 report by DinarStandard, Bahrain ranked second in the Middle East and North Africa (MENA) and third globally in Islamic Finance. The indicator measures the development of the Islamic economy based on multiple areas and sectors. When all areas are taken into account Bahrain ranked fourth in MENA and sixth globally. To read […]
Bahrain’s foreign direct investments increase compared to 2021.
/in News /by PRIME Instant OfficesForeign direct investments (FDI) increased by 5.6% compared to last year as reported by Bahrain’s Information & eGovernement Authority (iGA). BD12.6 billion ($33.1 billion) was recoreded this year compared to BD11.9 billion ($31.2 billion) last year. The survey measures the volume and inflows of direct investments made by key entities in different economic sectors and […]
Bahrain heading in right direction to become more sustainable and competitive.
/in News /by PRIME Instant OfficesA report by Arthur D. Little (ADL) states that Bahrain is heading towards a more sustainable and competitive future by investing in future-defining oil-proof sectors. Bahrain has the highest Foreign Direct Investment (FDI) per capita in the region backed by the country’s national strategy and infrastructure. A highly favourable investment environment and legal environment fine […]
