Manama: Bahrain’s businesses hardest hit by the coronavirus downturn have been given a three-month extended reprieve. The government stepped in to shoulder 50 per cent of the salaries of insured …
Bahrain to pay 50% of salaries of private sector staff
The extension of stimulus measures, announced by the kingdom’s Minister of Finance and National Economy … Al Khalifa added: “Until such time as we can return Bahrain to delivering strong and …
Bahrain extends stimulus for private sector, citizens
MANAMA: Finance and National Economy Minister Shaikh Salman bin Khalifa … stimulus measures following consultation with the legislative authority and the Bahrain Chamber of Commerce and Industry.
Formula One team McLaren takes £150 million loan from Bahrain
Supercar manufacturer McLaren, which includes the Formula One team, has secured a £150 million loan facility with the National Bank of Bahrain, according to Reuters. The COVID-19 pandemic has hit the …
Bahrain prostitutes attempt to get intel. from US sailors – US Navy
The report noted that the claims of intelligence gathering by Bahrain prostitutes came from a a human trafficking training recording for US Navy service members arriving in the country.
McLaren Saved by Cash Injection from Bahrain, Will Restart Production Soon
The much-needed financial aid comes as the company prepares to restart production that had been waylaid during the COVID-19 crisis.
COVID-19: Bahrain reports 438 new coronavirus cases
Bahrain has reported 438 new cases of coronavirus, taking the overall number of confirmed infections in the kingdom to 25,705, the Ministry of Health reported earlier today. The new cases were …
First drug factory in Bahrain starts production
Medicines boosting immunity will now be produced in Bahrain as the country’s first ever drug factory has initiated trial production. The BD5 million project by Bahrain Pharma will produce the first …
McLaren agrees £150m loan with Bahrain bank
McLaren has agreed a £150 million loan arrangement with the National Bank of Bahrain, which will help ease concerns it had about a short term cash flow problem.
F1 News: McLaren Group secures £150m loan from Bank of Bahrain
McLaren has agreed a £150 million loan arrangement with the National Bank of Bahrain to ease short-term cash flow problems which would have impacted its Formula 1 operation …