AGP Executive Report
Last update: 11 hours agoBanking & Finance: Al Salam Bank says it has become the first bank globally to implement J.P. Morgan Payments’ Overnight Murabaha solution, aiming to boost Sharia-compliant liquidity and treasury efficiency, with the milestone highlighted during Bahrain’s F1 Grand Prix events in Malaysia. Labour & Business Flexibility: Bahrain MPs backed a new worker-sharing framework that lets firms move workers within the same group and temporarily assign foreign workers to another employer for up to three months, with LMRA approval and worker consent—while stressing Bahrainisation and worker protections. Energy Prices: Bahrain’s Fuel Pricing and Monitoring Committee approved October fuel rates, setting prices for 91, 95, 98 petrol grades and diesel, and confirmed diesel subsidies for Bahraini fishermen remain in place. GCC Economic Policy: Bahrain hosted the 126th GCC Financial and Economic Co-operation Committee meeting, where leaders discussed regional resilience, fiscal and monetary alignment, and priorities with the IMF. Aviation Connectivity: Air India Express will launch Thiruvananthapuram–Riyadh and Thiruvananthapuram–Bahrain routes from Oct. 27, adding new Gulf travel options.
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