AGP Executive Report
Last update: 9 hours agoTrade Links: Moscow’s export agency held about 50 meetings in Manama with Bahraini firms, exploring projects in construction, IT, telecoms and food, as well as potential high-tech exports. Public Finances: Bahrain’s Future Generations Reserve Fund has topped $1 billion after recovering funds used during the pandemic. Officials also told the Shura Council that higher debt costs and spending pressures are driving borrowing, while the government works to rein in expenditure and diversify revenue. Company Results: Zain Bahrain reported a 2.2% rise in nine-month profit to BD4.27 million, with revenue up 2.9% to BD62.49 million. Digital Services: The National Bureau for Revenue awarded Invenio a five-year support contract for systems handling VAT, excise and domestic minimum top-up tax. Investment Push: Bahrain’s EDB promoted the kingdom to German businesses as a base for Gulf expansion, while regional ministers called for more cross-border investment and locally made products. Market Watch: Bahrain-based ARP Digital says Bitcoin’s consolidation near $80,000 may break as investors weigh the US Federal Reserve decision and major tech earnings.
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