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  • Aid in the Gulf
    Gulf Allies Pledge Billions in Aid Deals for Bahrain and Jordan

    Gulf Arab allies will pledge $10 billion in aid to Bahrain and finalize $2.5 billion in assistance for Jordan on Thursday, in an effort to stabilize their fragile finances through years of planned economic reforms.

  • Bahrain
    UAE, Saudi, Kuwait to sign $10 billion aid deal for Bahrain

    According to IMF projections, $10 billion package would be worth about a quarter of Bahrain's annual gross domestic product (GDP) as well as 28 per cent of public debt, and it will cover over two years of state budget deficits.

  • Saudi-Bahrain
    Construction to begin on $4bn Saudi-Bahrain causeway in 2021

    Construction on the billion-dollar King Hamad Causeway that will connect Bahrain to Saudi Arabia will start in 2021, according to media reports. Saudi Arabia’s ambassador to Bahrain, Abdullah Al-Sheikh, told Saudi-based broadcaster Al Arabiya that a tender for construction of the bridge would be issued within the next six months.

  • Saudi-Bahrain
    Dates set for Saudi-Bahrain bridge project tender

    Al-Sheikh estimated that the cost of the project ranges between $3 billion and $4bn, adding that it will act as a new link between the two countries and will contribute to boosting trade in all fields.

  • Bahrain
    How Bahrain aims to open economy further to foreign firms

    The country's Cabinet, chaired by Prime Minister Prince Khalifa bin Salman Al Khalifa, endorsed the new regulation on Monday as part of efforts to boost the national economy, local media reported.

  • Bahrain
    Bahrain’s Gulf Allies Review Aid Program in Show of Support

    Bahrain’s Gulf Arab allies met to review a financial support program designed to help the country repair its finances and stave off a possible currency devaluation that could roil regional markets.

  • Arab Monetary Fund
    Bahrain, Gulf allies said to be making progress on aid deal

    Officials from Bahrain, Saudi Arabia, the United Arab Emirates and Kuwait are discussing a multi-year program that would involve spending cuts and measures to increase non-oil revenue, including the introduction of a value-added tax, according to five people with knowledge of the matter. They asked not to be identified because the details aren’t public.

  • Bahrain
    Bahrain Bond Rally Fizzles Out as Gulf Bailout Remains Elusive

    Saudi Arabia, Kuwait and the United Arab Emirates are waiting for Bahrain to submit its proposal for economic reforms before giving any money to the cash-strapped nation, according to three people familiar with the issue, who declined to be identified because of the sensitivity of the discussions. While other Gulf nations scrambled to cope with falling oil prices, Bahrain has been slow to implement policy changes and attract foreign investment.

  • Bahrain
    IMF Says Bahrain Needs Comprehensive Package of Economic Reforms

    Bahrain needs a comprehensive package of reforms to reduce its fiscal deficits over the medium term, the IMF said, as the island kingdom seeks to secure crucial support from rich neighbors to avoid a currency devaluation.

  • Bahrain
    Bahrain keen to improve start-up ecosystem, says accelerator community manager

    The Bahraini government is working to enhance the ecosystem for start-ups in the kingdom to encourage more entrepreneurs to register their companies in the country to support its economic growth, a Bahrain-based official in the new Flat6Labs start-up accelerator in Bahrain said.