Bahrain: First State to Announce Decline in Oil Sector
While the government of Bahrain announced GDP growth of 6.9% in the second quarter of this year, it noted a decline in oil sector growth by 2.2%. So how did the sector's growth decline as oil prices doubled?
Financial Savings in Bahrain Only 33 Million: What a Lie!
The Government could have remained silent and issued no statement on the financial savings made by the state treasury with the increase of oil prices, instead of declaring false figures.
Finance Minister from Davos: Bahrain's First-Half Deficit will be Much Narrower than Expected
Bahrain expects a significantly narrower budget deficit for the first half of 2022 due to high oil prices, Minister of Finance and National Economy Salman bin Khalifa Al-Khalifa said on Monday.
Why Is Public Debt Increasing Despite Rising Oil and Aluminium Prices ? Ibrahim Sharif
Opposition leader Ibrahim Sharif wondered why public debt is rising despite record high oil prices.
Bahrain Gained Additional BD 600 Million Due to Oil Prices Hike Last Year... Where does this Money Go?
Oil prices increased significantly last year, compared to what the government adopted in the state budget, which raises the same questions repeated annually about the fate of the amounts collected as a result of the price increase.
Bahrain's Foreign Reserves Fall, Debt Increases amid Delay in Gulf Aid Payments
In Bahrain, additional data and news indicate that the financial crisis has intensified as the government has asked a US company to review the fiscal balance program, the main plan for fiscal management, supported by three Gulf allies.
Gulf Deficits Expected to Hit $490bln by 2023, Standard & Poor's Report
Countries of the energy-rich Gulf are expected to accumulate $490 billion in deficits by 2023 due to the double hit of low oil prices and the coronavirus slowdown, Standard and Poors said in a report.
Gulf Bourses Rise after Petroleum Prices Hike
Gulf bourse markets rebounded on Tuesday, tracking the impact of global equities, supported by the increasing oil prices due to record cuts in supplies and increase on oil demands.
Oil Prices Slide 2% after Report Trump Weighed Easing Iran Sanctions
Oil prices tumbled more than 2% on Wednesday after a report that U.S. President Donald Trump weighed easing sanctions on Iran, which could boost global crude supply at a time of lingering worries about global energy demand.