News Briefing for July 2025

July 23, Bahrain has been added to China's visa-free list in a move that strengthens the Kingdom's global mobility and reflects broader gains by Gulf passports. 


July 19, Bahrain has imported more than 22,200 vehicles in the first six months of 2025, marking a 15% increase compared to the same period last year. The growth reflects rising consumer demand, supported by a booming local market, population growth, ongoing housing expansion projects, and increased consumer lending activity, especially in the auto sector. 


July 10, Bahrain has been ranked as the most cost-competitive location to operate a financial services firm with a tech hub within the GCC countries, with a 48% cost advantage, in the ‘Cost of Doing Business in the GCC’ financial services sector report published by Ernst & Young LLP’s United States office.

News Briefing for June 2025

June 24         Saudi Arabia and Bahrain have launched the second phase of their industrial integration initiative, aiming to boost bilateral trade, investment, and cross-border supply chain cooperation. This comes amid strengthening economic ties between the countries, with the Saudi Arabia’s direct investments in Bahrain reaching SR35 billion ($9.33 billion) in 2023. 


June 13        Bahrain's economy will grow 3.5 % this year and 3% in 2026, according to the World Bank’s most recent forecast. It said growth in GCC states is forecast to increase to 3.2% in 2025, 4.5% in 2026, and 4.8% in 2027, as the phase-out of oil production cuts is expected to lead to rising oil production. 


News Briefing for May 2025

May 8           Bahrain’s Ministry of Finance released the country’s 2024 economic report today. Bahrain’s real GDP growth rate for 2024 is 2.6%, with non-oil sectors growing by 3.8% and the oil sector contracting by 4.0%. 


May 8             Bahrain – Parliament unanimously approved a new tax on multinational enterprises: large multinational corporations that operate in multiple countries and generate at least 750 million euros in revenue in at least two of the previous four years are subject to a global minimum corporate tax rate of 15%. Finance and National Economy Minister said 348 multinational companies operating in Bahrain would fall within the scope of the new law, with projected annual tax revenues of approximately BD130 million.





News Briefing for April 2025

April 24, Continued fiscal reform efforts, stable economic diversification, and financial support from Gulf Cooperation Council partners have led S&P Global Ratings to affirm Bahrain's long- and short-term foreign and local currency sovereign credit ratings at “B+/B.”  


April 3, Xpeng has inked a distributor deal to enter the Bahraini auto market, as the Chinese electric vehicle maker aims to double its international presence this year. The company recently entered into a strategic partnership with Ebrahim K. Kanoo, Bahrain's largest automotive distributor group. 

News Briefing for March 2025

March 11      Bahrain has been ranked 55th freest economy in the world, according to the 2025 Index of Economic Freedom released by The Heritage Foundation. The kingdom achieved a score of 65.6, an increase of 2.2 points from the previous year.


March 4        Chinese car sales in Bahrain reached 5,358 units in 2024, showing an increase as more buyers opt for these vehicles.  


March 3        According to EY's "Cost of Doing Business in the GCC" reports, businesses operating in Bahrain benefit from significant annual operating cost advantages-up to 69% in logistics and up to 41% in manufacturing-compared to neighboring GCC countries. 

News Briefing for February 2025

February 25, Fitch Ratings has affirmed Bahrain's long-term foreign-currency Issuer Default Rating (IDR) at B+, highlighting the nation's robust support from GCC partners and ongoing efforts to strengthen its fiscal position.


February 18, Bahrain and APM Terminals signed a letter of intent for the development of Khalifa bin Salman Port. At the signing ceremony, the Minister of Transportation and Telecommunications of Bahrain stated that Bahrain is eager to strengthen cooperation with international companies to develop relevant sectors.


News Briefing for January 2025

January 20     Diyar, Bahrain's largest real estate developer, has signed a partnership agreement with China National Electric Engineering Company to evaluate the feasibility of adopting 3D printing technology in the construction and development of real estate projects.


January 16     The number of non-Bahrainis in Bahrain's government departments is 5,766, a decrease of 24% compared to 7,582 in 2019. This reflects the Bahraini government's efforts to implement Bahrainization while ensuring the quality of government services, gradually replacing foreign workers with Bahrainis in government departments. 


January 8      Bahrain is set to undergo a major urban redesign over the next 15 years to transform its cities and towns into thriving future-ready spaces.   


News Briefing for December 2024

December 31, Bahrain's economy is expected to grow by 3% this year, with the growth rate rising to 3.5% in 2025, driven by financial services, technology, and industrial expansion, according to e International Monetary Fund's report. 


December 19, The partnership between the Abu Dhabi Fund for Development and the Government of Bahrain represents a model collaboration for sustainable development. To date, ADFD has financed 33 development projects in the country, totaling AED 23 billion, spanning critical sectors such as housing, energy, transport, and health. 


News Briefing for November 2024

November 23   "Made in Bahrain" goods will soon take center stage in government procurement, as the nation pushes to cut back on imports and supercharge local production. The ambitious plan aims to showcase Bahraini industries, spotlight homegrown talent, and build a stronger, self-sufficient economy. 


November 14    BAIC Group inaugurated its first BAIC brand showroom in Bahrain, marking another significant step in its Middle Eastern expansion following a similar launch in Qatar.     


November 6     The Bahrain Development Bank has announced the launch of the kingdom’s first $265 million Private Credit SME Growth Fund. The fund aims to accelerate economic development by providing critical financial support to small and medium-sized enterprises (SMEs), which constitute over 93 per cent of Bahrain’s companies. 


News Briefing for October 2024

October 27       Fakhro Motors, the exclusive distributor of BYD, the world's leading manufacturer of New Energy Vehicles, has announced the arrival of the BYD QIN PLUS and BYD SONG PLUS. These models are plug-in hybrids, which allow drivers to choose between petrol and electric power.


October 23     The financial and insurance Activities remained the highest contributor to real GDP at 17.1per cent in Q2, followed by the crude petroleum and natural gas sector at 14.8 per cent and manufacturing at 14.4 per cent.  


October 21       Bahrain has taken action to allow foreign companies to fully control certain areas in order to attract global businesses. According to the official gazette, foreign enterprises can now sell certain goods in Bahrain without the need for local partners. If foreign businesses operate in at least ten countries or have an annual income exceeding 750 million euros, they can fully own their own businesses.