Gov't Borrows Half Billion Dollar despite Dramatic Increase in Oil Prices
The government is intending to borrow again from the domestic market by issuing development bonds worth 200 million dinars (half a billion dollars), despite the dramatic rise in oil prices.
Bahrain Gets $2 Billion in Bond Sale after Deficit Spike
Bahrain sold $2 billion in three-tranche bonds on Wednesday, a document showed, after the coronavirus pandemic and low oil prices exacerbated its fiscal deficit and pushed total outstanding debt to nearly $40 billion.
Central Bank of Bahrain Expects Public Debt to Reach 110% of GDP
A recent report from the Central Bank of Bahrain predicted that government debt will represent 110% of GDP by the end of this year, with a decline to about 105% in 2021.
Israel is Answer to Riddle behind Circular issued by CBB Governor
As Bahrain Mirror predicted, Bahrain's official policy with its people in terms of normalization with Israel is summed up as follows: trick people into thinking it won't happen, then surprise them.
Bahrain Sells $2 bln in Dual-Tranche Bonds with over $11 bln Demand : Document
Bahrain sold $2 billion in a dual-tranche bond issuance comprising 4-1/2-year sukuk, or Islamic bonds, and 10-year conventional bonds, a document showed on Thursday.
Rasheed Al-Maraj Re-Appointed as CBB Governor
King Hamad bin Isa Al Khalifa renewed the appointment of Rasheed Mohamed Al-Maraj as the Governor of Central Bank of Bahrain (CBB) for five years, Bahrain News Agency reported.
Bahrain Raised $1 billion Loan to Repay Bond Last Month: Sources
Bahrain secured a loan of about $1 billion to repay a bond that was due at the end of March, three sources familiar with the matter said, after the Gulf state suspended plans to issue international debt due to bad market conditions.
Bahrain in Talks for $1 billion Loan after Bond Plans Suspended
Bahrain is in talks with banks for a loan of about $1 billion after the Gulf state's plans to issue international bonds were suspended due to bad market conditions, sources told Reuters.
Government of Bahrain Announces BHD 4.3 Billion Economic Stimulus Package to Counter Coronavirus Effects
The government of Bahrain announced a BHD 4.3bn economic stimulus package to support the country's citizens and private sector and counter the effects of the coronavirus (COVID-19).
Bahrain Central Bank Cuts Key Rates by 75 bps
Bahrain's central bank cut its key interest rates by 75 basis points (bps) on Monday, following the U.S. Federal Reserve, which slashed its rates to near zero a day earlier to bolster the economy as the coronavirus epidemic spreads.
Bahrain Central Bank Cuts Overnight Lending Rate to 2.45%
Bahrain's central bank cut its overnight lending rate to 2.45% from 4% "in light of the recent global developments," it said in a statement on Thursday.
Bahrain Central Bank Prohibits Freezing Accounts after Job Loss
Bahrain's Central Bank banned retail lenders from freezing accounts of customers who lost their jobs or after retirement.
Bahrain Central Bank Urges Banks to Ease Debt Terms, Fees due to Coronavirus
Bahrain's central bank on Thursday urged banks and financing companies to consider re-scheduling or granting deferrals on credit installments in light of the coronavirus outbreak, according to a circular seen by Reuters.
Bahrain Central Bank Cuts Key Rate by 50 bps
Bahrain's central bank said on Tuesday that it had decided to cut its key policy interest rate on the one-week deposit facility to 1.75% from 2.25%.
Bahrain Central Bank Cuts One-Month deposit Rate
Bahrain's central bank said on Wednesday that it had decided to cut its one-month deposit rate by 15 basis points to 2.45% from 2.6%.
Bahrain Central Bank Cuts All Key Rates by 25 Basis Points
Bahrain's central bank cut all its key rates by 25 basis points, following the U.S. Federal Reserve cutting rates by the same on Wednesday.
Personal Loans in Bahrain Reach BD 9.88 Billion
Personal loans from local banks to individuals and private and public institutions increased by 685 million dinars by the end of the first half of this year on an annual basis.
Bahrain's Public Debt Reached BD 11.29 bln during First Half of Year
Bahrain's public debt reached 11.29 billion dinars in the first half of this year, while the Central Bank of Bahrain has not announced any new issuances of foreign bonds this year, according to the latest data published on its website.
Bahrain Central Bank Cuts Rates by 25 bps
Bahrain's central bank said on Wednesday that it had decided to cut its one-week deposit facility to 2.50% from 2.75%.
Public Debt in Bahrain Didn't Decrease despite Gulf Aids
Data from the Central Bank of Bahrain (CBB) showed the public debt of Bahrain during the first quarter of 2019 remained stable at 11.457 billion BD.