Gulf Risk & Markets: Iran fired ballistic missiles and drones toward Bahrain and Kuwait, with Bahrain saying intercepts happened early Saturday as the wider US-Iran ceasefire stayed fragile; Gulf bourses mostly slipped, while oil jumped on renewed escalation and Strait of Hormuz fears. US Reconstruction Funding: Reuters reports Washington is considering letting Gulf allies access frozen Iranian assets to pay for war damages, a move that could raise tensions if talks stall. Bahrain Business Resilience: Local firms are restructuring supply chains and business continuity plans to cope with trade-route disruptions, higher costs, and delayed projects, shifting away from single-source procurement. Bahrain Digital Government: iGA fully migrated “Islamiyat” services into the unified MyGov app as part of a broader platform consolidation push for easier access for residents and businesses. VAT Cash-Flow Relief: MPs are studying a bill to make payment timing the VAT “tax point” for supplies to government bodies, aiming to ease cash-flow strain on suppliers waiting months for invoice settlement. Tourism & Retail Momentum: Bahrain’s hotel sector and Tourism Ministry discussed summer GCC visitor packages, while FIFA World Cup finals are already driving bookings and demand for team merchandise across cafés, restaurants and retailers. Education Links: University of Bahrain and RCSI Medical University Bahrain signed an MoU to expand education, research, faculty development and community service.