Bahrain Pays Over $1B in Interest on Public Debt Last Year, Reports Suggest
Information reported that the Bahraini government paid about 395 million dinars (more than $1 billion) in 2016 as interests to lending banks.
Court Overturns Central Bank Decision to Place “Awal Bank” Under its Management
The High Administrative Court, presided over by Judge Joma’a al-Moussa, overturned a decision placing “Awal” Bank under the management of Central Bank, and canceled the decision to appoint an external director to manage it.
GCC Islamic Banks’ Growth Expected to Moderate in 2017-18, Standard & Poor’s Report Suggests
The economic slowdown experienced by the GCC countries following the oil price decline and consequent fiscal tightening will continue to apply pressure on asset growth and profitability of Islamic banks in 2017 and 2018.
Standard & Poor's Credit Rating & Outlook for Bahrain Remains “Negative”
Bahrain Mirror: On Dec. 11, 2015, Standard & Poor's Ratings Services affirmed its long- and short-term foreign and local currency sovereign credit ratings on the Kingdom of Bahrain at 'BBB-/A-3'.