The sale of the stalled Amwaj Gateway project has been postponed to November 29. The judicial Committee for the Settlement of Stalled Real Estate Projects announced the postponement of the public auction to protect the rights of all parties and allow more time for potential buyers.

The committee in charge of settling stalled real estate projects in Bahrain announced the closure of the Juffair Views project after the distribution of the sale proceeds of the project to the purchasers of the 58 units over a period of 24 days.

Batelco announced that it has achieved profit of BD25.2M (US$66.8M) until third quarter of 2017 .The Group has maintained stable revenues with increases over the previous quarter and over Q3 2016

Bahrain�s central bank governor said on Thursday that stricter international bank rules, known as Basel III, had gone too far and banks had been burdened with too much regulation.

Bahrain plans to export less shipments of BANOCO Arab Medium crude oil in December due to pre-planned maintenance of an oil field, trade sources said.

The Bahraini Minister of Works, Municipal Affairs and Urban Planning Eng. Essam Khalaf announced the implementation of new fees for agricultural and veterinary services.

The Al-Ayam local newspaper said that the government tends to increase the postal services fees to change the sector into a �profitable government association�, instead of providing postal services in return for symbolic fees.

A new 350,000-barrels-per-day oil pipeline between Saudi Arabia and Bahrain will be completed next year to serve the planned expansion of Bahrain's refinery capacity, while construction of a gas pipeline is being considered, Bahrain's oil minister said.

The tender board opened its meeting yesterday on Thursday (October 5, 2017) with 82 bids for 14 tenders submitted by 12 government agencies. The total value of bids received was 2.8 million dinars.

The Stalled Projects Development Committee in Bahrain decided to hold a meeting for putting up the Amwaj Gate project for auction on October 31, 2017, setting an initial price of 36 million dinars.

Investcorp announced yesterday that its U.S.-based real estate arm has invested in six multifamily properties in Florida and Arizona, for a total purchase price of approximately $350 million. The properties are located in key growth markets with strong fundamentals in the multifamily space.

Amazon announced the opening of a regional center in Bahrain for Internet services (cloud computing) as the first regional center in Bahrain to serve all the Middle East and Africa, during Amazon summit for web services held in Four Seasons Hotel.

Bahrain�s oil minister said on Sunday he expects expansion contracts for Bahrain Petroleum Company (Bapco) to be signed before the end of the year, state news agency BNA reported.

State-run Bahrain Petroleum Co (Bapco) will meet a consortium led by France's Technip for further talks over the planned expansion of Bahrain's only oil refinery, sources close to the matter told Reuters.

Bahrain may need to raise its market interest rates to protect its currency and must refrain from having its central bank lend money to cover the government's budget deficit, the International Monetary Fund said on Monday.

General Directorate of Anti-Corruption and Economic and Electronic Security Major Hussein Salman Matar said that the Anti-Economic Crimes Directorate monitored 439 cases within the first half of 2017, compared to 520 in 2016.

Bahraini telecoms companies recently reduced the one year long validity for prepaid mobile phone packages by 73% to only 100 days validity for BD30.

Saudi Arabia and Iraq plan to open the Arar border crossing for trade for the first time since 1990, when it was closed after the countries cut ties following Saddam Hussein's invasion of Kuwait, Saudi local media reported on Tuesday.

Bahrain's government has hired banks for a planned U.S. dollar-denominated bond issue, sources familiar with the matter said on Tuesday.

A buyer in Bahrain purchased about 25,000 tonnes of wheat thought likely to be sourced from Australia in a tender for the same volume this week, European traders said on Thursday.