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  • Bahrain expects $3.2 billion deficit in 2021, 5% economic growth

    Bahrain has accumulated a large pile of debt since the 2014-2015 oil price shock. In 2018 it received a $10 billion financial aid programme from Gulf allies that helped it avoid a credit crunch.

  • Bahrain will likely need further Gulf financial support – Fitch

    Bahrain will likely need further financial support from its Gulf neighbours despite reform measures, Fitch Ratings’ lead Bahrain analyst Toby Iles said on Monday. Iles said Bahrain, a small oil producer, was likely to likely need the support from 2023 onwards and cited Fitch’s oil price assumption.

  • Bahraini minister criticises Qatar despite accord to end rift

    Qatar has not taken any initiative to solve the problems with Bahrain, despite an agreement to end a rift of more than three years, Bahrain’s Foreign Minister Abdullatif Al Zayani said on Thursday. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt agreed earlier this month at a summit to restore diplomatic, trade and travel ties severed in 2017 over accusations that Qatar supported terrorism, a charge it denies.

  • US calls Bahrain, UAE ‘major security partners’

    A White House statement tied the designation to Bahrain and the United Arab Emirates normalizing ties to Israel, saying it “reflects their extraordinary courage, determination and leadership.” It also noted the two countries long have taken part in U.S. military exercises.

  • Saudi residents welcome decision to waive COVID-19 tests at Bahrain border

    Residents of Saudi Arabia’s Eastern Province have welcomed an announcement by Bahrain that people arriving in the country from Saudi Arabia via the King Fahd Causeway will no longer face a mandatory PCR test for COVID-19.

  • Nomura Follows Saudi Retreat With Plan to Exit Bahrain, Qatar

    Nomura Holdings Inc. is closing its offices in Qatar and Bahrain as part of a push to move some of its regional and client coverage to bigger financial centers, according to people familiar with the matter. Japan’s biggest brokerage, which also exited Saudi Arabia last month, has been shrinking its investment banking presence in the Middle East. Nomura will continue to serve clients in Saudi Arabia, Bahrain and Qatar from Dubai or locations like London, where it has a larger presence, said the people, who asked not to be identified because the information is private.

  • Acting Secretary Wolf Signs Multiple Security Cooperation Agreements with Bahraini Government

    Today, Acting DHS Secretary Chad F. Wolf signed multiple security cooperation agreements that focus on facilitating secure trade and travel with the Kingdom of Bahrain. Acting Secretary Wolf and Minister of Interior Lt. General Sheikh Rashed bin Abdulla Al-Khalifa signed the Global Entry (GE) Memorandum of Cooperation (MOC) and agreements to increase cooperation on border and cargo security.

  • Sovereign Data: The Development and Marketing of Bahrain’s Digital Domain

    Bahrain’s aspirations to become a regional data-hosting hub have met with some early successes. In 2019, Amazon Web Services opened a Middle East “region” in Bahrain, which entailed the deployment of AWS data centers and linking them to the company’s global network. Bahrain’s economic policy officials also see high-growth potential in partnerships with Chinese firms. For example, Huawei and China Telecom are involved in rolling out controversial 5G mobile network infrastructure across Bahrain.

  • Saudi Arabian fast food chain Albaik forays into Bahrain

    Founded in 1974, Albaik is considered Saudi Arabia’s counterpart of American fried chicken fast food chain Kentucky Fried Chicken (KFC). The chain was mostly based in west coast of Saudi Arabia until a few years back, with locations in Jeddah, Makkah, and Al-Madinah. In 2018, Albaik expanded its presence with the opening of branches Riyadh and Alkharj.

  • Qatar Says Bahrain Violated Airspace as Summit Approaches

    Qatar informed the United Nations that Bahraini fighter jets violated its airspace, less than two weeks before a meeting of Gulf leaders aimed at strengthening ties in the region.