AGP Executive Report
Last update: 11 hours agoTax & Compliance: Bahrain’s National Bureau for Revenue issued the country’s first Domestic Minimum Top-Up Tax (DMTT) Transfer Pricing Guide, aligning transfer pricing expectations with OECD Pillar Two and spelling out Local File/Master File documentation for multinationals. Infrastructure Finance: Bahrain and the Islamic Development Bank signed about $510m in deals for the King Faisal Highway upgrade (tunnels, bridge and road works to ease Manama congestion) and the Salman Industrial City expansion (reclaiming coastal land and building serviced industrial plots). Capital Markets: Bahrain Bourse marked “Bahrain Capital Market Day 2026” at the London Stock Exchange Group, pushing its Elevate 2026-2028 roadmap to attract international investors. Labour Market: LMRA data shows new work permits fell 10.1% in 2025, while renewals and internal labour transfers rose—suggesting employers are retaining and redeploying more than hiring new arrivals. Digital Government: Bahrain upgraded 83 government services across 17 entities, cutting processing times and documents through full digital transformation. Trade & Shipping: Economists say Hormuz reopening should gradually lower Bahrain’s freight and insurance costs, easing pressure on trade after the disruption. Regional Diplomacy: Bahrain’s parliamentary leadership backed stronger Euro-Mediterranean and Gulf cooperation, linking maritime security to economic stability. Sustainability & Business Community: Sustainability Forum Middle East hosted a Bahrain networking reception with senior leaders and BBK highlighting progress in sustainable finance. Aviation Connectivity: Gulf Air launched seasonal flights to El Alamein, reinforcing Bahrain’s summer connectivity with Egypt.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.