The Bahraini authorities have once again arrested Ibrahim Sharif, the former secretary-general of the Wa'ad Society and a prominent figure in the opposition, and decided to detain him for 7 days pending investigation, based on posts on the formerly Twitter "X" platform.

Ibrahim Sharif, the former Secretary-General of the Waad Society, expressed that the reason for the bankruptcy of "Awal Gulf Manufacturing" and the unemployment of 220 Bahraini employees working there is a "government approach that favors the stranger over the local."

Bahrain's state investment fund Mumtalakat is buying preference shares and warrants worth �400 million ($510.48 million) in carmaker McLaren from Saudi Arabia's Public Investment Fund and Ares Management, Sky News reported on Wednesday.

McLaren, luxury automotive manufacturer, recorded semi-annual losses of around �120 million (BD52 million), contrary to the company's announced outlook.

Bahrain holds the largest stake in a British luxury sports car manufacturer. However, this company is facing significant financial difficulties as well as challenges in the automotive industry in general.

Saudi Arabia's Public Investment Fund and Ares Management will invest �400m into the British-based automotive giant, Sky News reported.

Luxury sports-car maker McLaren Automotive is considering a sale of its global headquarters as part of a refinancing strategy the company announced earlier this year.

It is very ironic that the Crown Prince's mask stirs the Bahraini public opinion more than the visit of U.S. Secretary of State Mike Pompeo, during which Salman bin Hamad promoted McLaren's first mask.

McLaren's half-year financial statements showed that 653,651 shares were issued at �229.48 per share, with a total value of �150 million, in return of a loan from the National Bank of Bahrain. McLaren recorded the value of the loan in the company's equity clause.

The Bahraini king's son, Shaikh Nasser Bin Hamad Al Khalifa guaranteed to keep supporting the Bahrain-McLaren cycling team, as car manufacturer McLaren looks likely to wind down their activity and sponsorship at Bahrain-McLaren at the end of the year, reported Cyclingnews.

McLaren Group says falling sales of its vehicles means that it will need to raise further funds, despite securing a life-saving 150 million pound ($190 million) loan in June.

McLaren is looking to sell a share of its Formula 1 team after months of hardship triggered by the coronavirus pandemic and the delayed start of the F1 season, the sports Car Scoops websites reported.

McLaren's Formula One future was never in doubt despite a cash crisis brought on by the COVID-19 pandemic and now resolved by a fresh injection of funds, team principal Andreas Seidl said on Tuesday.

The National Bank of Bahrain has granted a �150million loan to McLaren to help it cope with the aftermath of the Coronavirus pandemic.

Who issued the decision to lend the McLaren Company a �280 million loan (BD 131 million)? Why did this happen without guarantees? What are the consequences of this decision?

The National Bank of Bahrain stated that in the light of the recent reports, the bank is currently holding discussions with McLaren about credit facilities. These discussions are at an advanced stage and no agreement has been reached so far. However, these discussions may or may not lead to the extension of credit facilities.