UAE, Bahrain say they’ll act to get off EU’s tax blacklist

Thursday, 7 December 2017

The United Arab Emirates and Bahrain expect to be removed from the European Union’s tax-haven blacklist after taking steps to block tax avoidance by companies, the governments of the two countries said on Thursday. Two days ago, EU finance ministers included the UAE and Bahrain on a new blacklist of 17 jurisdictions deemed to be tax havens. Inclusion on the list could affect billions of dollars of capital flows through both countries, which are Middle Eastern banking centers. ...

Bahrain reaffirms dollar peg, says economy robust after S&P cut

Saturday, 2 December 2017

S&P Global Ratings lowered Bahrain’s long-term foreign and local currency sovereign credit ratings to ‘B+’ from ‘BB-’ on Friday, prompting Bahrain’s central bank to reaffirm the country’s currency peg to the USdollar. S&P Global Ratings said the rating cut was due to weak external liquidity and increasing financial risk due to more limited access to international capital markets. The Central Bank of Bahrain said in a statement received on ...

TechnipFMC-led consortium to expand Bahrain refinery

Friday, 1 December 2017

State-run Bahrain Petroleum Co (Bapco) has awarded a consortium led by UK-based TechnipFMC a contract to expand Bahrain’s only oil refinery, sources close to the matter told Reuters on Friday. A spokesman for South Korea’s Samsung Engineering, also a member of the consortium, confirmed the news. Samsung Engineering said in a statement the consortium received a letter of award from Bapco on Nov. 30 to execute the project in a contract worth a total amount of ...

Trump, Bahrain crown prince meet at White House

Thursday, 30 November 2017

US President Donald Trump is meeting at the White House with the crown prince of Bahrain. Trump says Bahrain and the US have had a “long relationship and a great relationship” that will only get better. He says Bahrain is “doing a lot of business” with the US and “buying a lot of things.” Bahrain Crown Prince Salman bin Hamad Al Khalifa says Thursday’s visit is very important to the kingdom and is about building on 100 years of relations between the two ...

People are loving this Bahraini singer’s cover song of ‘No Woman, No Cry’

Thursday, 30 November 2017

A cover song by Bahraini singer Mohammed al-Bakri of ‘No Woman, No Cry’ has gained praise since being posted on YouTube this week. The Gulf-style cover of the famous Bob Marley classic song was performed by an all-male choir dressed in traditional thobes who played on traditional instruments from the Arabian gulf like the oud guitar and hennaed drums. Some of the performers even got up to dance to the reggae tune. The video has been viewed more than 178,000 thousand times so far and ...

Revealed: Qatar in new quagmire as an unlikely natural resource runs out

Wednesday, 29 November 2017

The future of the diplomatic crisis surrounding Qatar may come to hinge on an unlikely commodity: sand. An analysis of Qatar’s export and import data conducted by Al Arabiya suggests that Qatar is facing serious challenges to meet its construction needs for the 2022 FIFA World Cup. The precious commodity is vital to construction and Qatar's push to build the infrastructure it needs to host the 2022 FIFA World Cup will require large sand imports. Oil was the strategic commodity in the ...

Bahrain presents Iraq with list of persons wanted for terrorism

Wednesday, 29 November 2017

The Bahraini ambassador to Baghdad, Salah al-Maliki, announced that his country has submitted to the Iraqi authorities a list of people wanted by the Bahraini judiciary authorities currently residing in Iraq. Al-Maliki said that the wanted people stand accused of committing acts of terrorism in Bahrain and have fled to Iraq. In his statement, Maliki added that those wanted are currently plotting harmful acts in Bahrain and some neighboring countries such as Saudi Arabia and the UAE. The ...

Banning extremist Muslim scholars

Sunday, 26 November 2017

Saudi Arabia, the United Arab Emirates, Bahrain and Egypt added two radical Islamic organizations and eleven extremists to their terror list. Truth be told, listing the Union of Muslim Scholars, which was founded by the Muslim Brotherhood and embraced by Qatar, and the International Islamic Council is a step long overdue. Prohibiting dealing with these two entities, particularly the Union of Muslim Scholars, should have been imposed before now. The Union of Muslim Scholars has posed a threat to ...

Abdulrahman al-Rashed

Bahrain’s non-oil sector expands almost 5% in first half of 2017

Tuesday, 21 November 2017

Bahrain’s non-oil sector of it’s economy expanded by an annual pace of 4.7% in the first half of the 2017, according to the most recent Bahrain Economic Quarterly published by the Bahrain Economic Development Board (EDB).The strong non-oil progress was entirely due to private sector activity, which underscored the strength of growth drivers in the gulf country’s economy.“Non-oil growth in the first half of 2017 was broad-based with particularly strong momentum observed in ...

Bahrain court rejects appeal request of man who severely battered Syrian ex-wife

Sunday, 19 November 2017

A Bahraini court has rejected a man’s appeal who was sentenced last month to one year of imprisonment for physically battering his Syrian ex-wife in a case that shocked the small Gulf island nation. Bahrain’s Second High Criminal Court (court of appeals) rejected the appeal on Sunday of the 52-year-old man who brutally attacked his 32-year-old Syrian ex-wife and mother of his five children at their home in Jeblat Habshi, local Daily Tribune reported. Zahraa Sobhy was violently beaten ...

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