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Bahrain Gov't Revenue down 29% in First Half of 2020
2020-08-11
Bahrain's government revenue fell 29% in the first half of 2020 on the back of low oil prices and the coronavirus pandemic, the country's state news agency said on Monday.
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IMF: Oil-rich Gulf Arab states may Spend Savings in 15 Years
2020-02-07
Energy-rich Gulf Arab states could burn through all their savings in the next 15 years as worries about climate change and supply from new competitors dampen oil prices, the International Monetary Fund warned on Thursday, advising the nations to rein in their spending.
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Moody's: Low Oil Prices Increase Gulf Countries' Debt Accumulation
2019-03-15
Low oil prices increase the credit challenges of the Gulf Cooperation Council (GCC) states, especially Saudi Arabia, Kuwait, Oman and Bahrain, said Moody's credit ratings agency.
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Kuwait Finance House Announces Tying up Phases with Bahrain’s Ahli United Bank
2018-07-24
The chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that its potential tie-up with Bahrain's Ahli United Bank will occur on phases.
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Bahrain's Economy Shrinks in Q1 as Oil Production Sags
2018-07-12
Bahrain's gross domestic product, adjusted for inflation, shrank 1.2 percent from a year earlier in the first quarter of 2018 as oil production sagged, data from the official statistics agency showed on Wednesday.
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Saudi, Kuwait and UAE to Announce Measures to Support Bahrain's Economy- Reuters
2018-06-27
Saudi Arabia, Kuwait and the United Arab Emirates will soon announce an integrated program to support Bahrain’s economic reforms and its fiscal stability, a joint statement from the three Gulf states said on Tuesday.
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Reuters: Bahrain Raises Gasoline Prices to Improve State Finances
2018-01-09
Bahrain raised gasoline prices on Monday to bring them closer to international levels, state news agency BNA reported, quoting the National Oil and Gas Authority.
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Bahrain Oil Minister says No Reason why Supply cut Agreement Shouldn’t be Extended
2017-11-15
Bahrain's oil minister, Sheikh Mohammed bin Khalifa al-Khalifa, said on Tuesday he sees no reason why the supply cut agreement between oil producing countries should not be extended on Nov. 30.
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NIHR Receives US Congress Delegation
2017-09-21
The National Institution for Human Rights (NIHR) received a delegation from the US Congress on a visit to Bahrain, in the presence of NIHR's Vice President Abdullah Al-Durazi, Head of Economic, Societal and Cultural Rights Committee Maria Khoury and Acting Secretary-General Khalifa Al-Fahdel.
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Bahrain Lists $2B of Debts in Bourse
2017-04-19
The Bahraini government announced on Sunday listing BD 741 Billion of short-term debts on stock exchange market.
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Ibrahim Sharif: Bahrain Debts Exceed BD 23B, SIO to go Bankrupt in 2020
2017-02-11
Bahrain’s prominent opposition figure and economist, Ibrahim Sharif, said that Bahrain is living in a state of real bankruptcy, and that it has debts amounting to more than 21 billion Bahraini Dinars.
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Russia Considers LNG Supplies to Bahrain
2016-09-07
Russia and Bahrain agreed to expand cooperation in liquefied natural gas (LNG) on Tuesday...
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Moody's: Bahrain's Fiscal Deficit & Gov't Debt burden Set to Increase amid Low Oil Prices
2016-05-27
Moody's said Bahrain's fiscal deficits will stay wide and government debt will rise to 100% of GDP.
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Gulf Stock Markets May Have Weak Bias; Little Positive News
2016-05-24
Gulf stock markets may have a weak bias on Tuesday after oil prices continued to edge down.
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Reuters: Bahrain Sovereign Fund Mumtalakat 2015 Net Profit Hurt by Charge
2016-05-23
Bahraini sovereign fund Mumtalakat posted a 68.7 percent drop in 2015 net profit on Sunday, as lower...
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Iran's May Oil Exports Set To Surge Nearly 60 Percent From A Year Ago
2016-05-19
Iran's oil exports are set to surge in May, climbing nearly 60 percent from a year ago, with European shipments recovering to about half of pre-sanction levels
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Reuters: Moody's Cuts Saudi, Oman, Bahrain Debt Ratings
2016-05-16
Bahrain Mirror (Reuters): May 14 Moody's Investors Service cut its debt ratings for Saudi Arabia, Oman and Bahrain on Saturday while assigning negative outlooks to three neighbouring states, as low oil prices continue to undermine government finances in the region.
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Moody's Downgrades Bahrain's Government Issuer Rating to Ba2 with Negative Outlook
2016-05-14
Bahrain Mirror (Moody's): Moody's Investors Service has today downgraded the Government of Bahrain's long-term issuer ratings to Ba2 from Ba1 and assigned a negative outlook. Today's rating action concludes the review for downgrade which Moody's initiated on 4 March 2016.
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Bahrain’s King Approves State Budget with Deficit Exceeding 3 Billion BD
2015-07-15
Bahrain Mirror: The King of Bahrain, Hamad bin Isa Al Khalifa, approved the state’s general budget for the two fiscal years 2015/2016 with a deficit that exceeds 3 billion Bahraini dinars.