S&P Global Ratings on Friday revised Bahrain's outlook to "stable" from "positive", citing spending pressures that could push the country's fiscal deficit wider than the credit ratings agency previously expected.

The authorities transferred Majeed Abdullah, known as "Haj Sumoud", from "Dry Dock Prison" to the emergency department at Al-Salmaniya Medical Complex, on Wednesday, July 12, 2023, after his health deteriorated, according to the head of the monitoring department at Salam for Democracy and Human Rights, Ibtisam Al-Saegh.

Bahrain's state investment fund Mumtalakat is buying preference shares and warrants worth £400 million ($510.48 million) in carmaker McLaren from Saudi Arabia's Public Investment Fund and Ares Management, Sky News reported on Wednesday.

Saudi Arabia is working to support Bahrain's collapsing economy every now and then. It recently revealed that it had allocated an investment fund to inject $5 billion into Manama, and confirmed that it is working to accelerate work on the parallel bridge project between the two countries to boost tourism.

Official government data revealed that the revenues of the Abu Sa'afa field in the general budget increased to more than BD 1.33 billion in 2021, compared to BD 730 million revenues it achieved in 2020, and a growth rate of about 82%, as a result of the increase in oil prices in the global markets.

Official government data revealed that the revenues of the Abu Sa'afa field in the general budget increased to more than BD 1.33 billion in 2021, compared to BD 730 million revenues it achieved in 2020, and a growth rate of about 82%, as a result of the increase in oil prices in the global markets.

European customers are reluctant to place orders for next year due to worries about a recession, spurring a fall in demand, the head of Aluminium Bahrain (Alba) said.

McLaren, luxury automotive manufacturer, recorded semi-annual losses of around £120 million (BD52 million), contrary to the company's announced outlook.

The government is intending to borrow again from the domestic market by issuing development bonds worth 200 million dinars (half a billion dollars), despite the dramatic rise in oil prices.

Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, issued Edict (30) of 2022, promulgating the issuance of a guide regulating public-private partnerships and assigned the Minister of Finance and National Economy to implement the provisions of the guide.

Bahrain expects a significantly narrower budget deficit for the first half of 2022 due to high oil prices, Minister of Finance and National Economy Salman bin Khalifa Al-Khalifa said on Monday.

Bahrain's 2022 budget will record a surplus for the first time in 14 years, supported by the increasing crude oil prices, a Kuwaiti economic report predicted Sunday.

Central Bank of Bahrain's data showed that public debt increased by 9% year-on-year at the end of the first quarter of 2022.

Bahrain-domiciled asset manager Investcorp could agree the buyout of Italian soccer club AC Milan as early as this week, when an exclusive negotiation period with U.S. fund Elliott is set to end, Reuters said.

The price of Bahrain's crude oil, categorized as Arab medium oil, surged above $111 per barrel, which will provide the state budget with $16 million per day, due to implications of the Russian-Ukrainian military crisis on global markets.

Bahrain is considering hiring consultants to help sell stakes in some oil and gas assets, as it looks to open the sector to foreign investment for the first time in decades, Bloomberg reported.

Bahrain's Interior Minister Rashid bin Abdullah Al Khalifa discussed with his Israeli counterpart, Omer Barlev, security cooperation and exchange of expertise.

Merchants and shopkeepers in Bahrain said that citizens intensified their purchases before the end of this year, to acquire a number of goods or buy devices and cars, days before raising vat to 10%.

The Emirati Ministry of Finance said that trade exchange between the UAE and Bahrain in 2020 was valued at AED20.1 billion.

Two leading Iranian banks have welcomed a decision by a Hague-based tribunal to order Bahrain to pay them more than USD270 million in compensation for its 2015 closure of a bank they had supported.