Bahrain has hired a high-profile US law firm to help convince the Donald Trump administration to go easy on new tariffs imposed on solid and aluminum imports.

The consumer price index in Bahrain for February 2018 increased by 0.7% in comparison with January 2018, as it reached 131.4 points versus 130.5 points in January, according to official statistics.

:The Ambassador of Bahrain to the United States Abdullah bin Rashid Al Khalifa said on Thursday (March 22, 2018) that the Kingdom of Bahrain is anticipating the Department of Commerce’s announcement regarding tariff exemption procedures, so that Bahrain can apply for an exemption.

The Board of Directors of the Bahrain Chamber of Commerce and Industry (BCCI) elected Samir Abdullah Ahmad Nass as BCCI president by acclamation.

Bahrain has hired BNP Paribas, Citi, Gulf International Bank, National Bank of Bahrain and Standard Chartered to arrange a series of fixed income investor meetings ahead of a potential multi-tranche dollar bond issue, a document from one of the banks showed on Thursday.

Saudi Arabia may still move forward with an initial public offering (IPO) for state oil company Saudi Aramco on an international exchange such as London or New York in the second half of 2018, despite previously raising doubts it could be delayed to next year, Saudi Energy Minister Khalid al-Falih said on Thursday.

The European Union and six other economies will be exempt at least temporarily from the harsh steel and aluminum tariffs President Donald Trump has imposed, a top US trade official said Thursday.

Bahrain’s central bank said on Wednesday it was raising policy interest rates by 25 basis points, after the U.S. Federal Reserve’s decision to hike rates by that margin.

The United Arab Emirates is asking Washington to exempt it from new U.S. tariffs on aluminum and steel and believes it has a strong case, a senior government official said on Tuesday.

An official source from the Central Bank of Bahrain said that published decision in the official gazette regarding the cancellation of the Representative Office license of «HSBC Bank PLC» affects this office “the company” affiliated to HSBC Bank and not the bank itself.

Press information said that the government intends to impose 200 BD fees for commercial activity on small workshops after separating them from factories that have to pay 1000 BD.

First deputy speaker of Shura Council Jamal Fakhro said the committee is committed to lifting subsidies offered to dual nationals.

By April 1, Bahrain will raise the price of natural gas produced from the Bahrain field to $3.25 per million thermal units, i.e. from a current $3 for industrial companies.

The Central Bank of Bahrain called on the Parliament to review a parliamentary law aimed at imposing fees on remittances.

The foreign trade of non-oil goods report, issued by the Customs Affairs Authority, showed that Bahrain's total non-oil imports amounted to about 440.377 million dinars, i.e. equivalent to 1.171 billion USD last February.

The Turkish Industry and Business Association (TUSIAD) revealed that the size of trade exchange between Bahrain and Turkey has currently reached half million USD, at a time it seeks to increase the mutual investment size to one billion USD.

A Canadian news website revealed that Victor Dahdaleh, a British-Canadian businessman has paid $850-million for part of an office complex in the heart of downtown Toronto. The news topped the economic headlines in Canada and was pointed out by Reuters.

Central Bank of Bahrain announced cancelling the license granted to the Turkish bank “Turkiye Is Bankasi AS”, amid an increase in differing views between Saudi Arabia and Turkey.

Bahrain Chamber of Commerce and Industry (BCCI) announced that, regarding the selection of dates for contesting the results of the election, the offices of the Chamber will be open on Friday and Saturday.

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