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CBB Subscribes New Issue of Short-Term Islamic Leasing Bonds
2017-08-10
The Central Bank of Bahrain (CBB) announced that issue number 144 (ISIN BH00077UV743) of the short-term Islamic leasing bonds, Sukuk Al-Ijara, that are issued by the CBB on behalf of the Government of the Kingdom of Bahrain, has been subscribed.
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Bahrain Central Bank Raises Key Rates by 25 bps
2017-06-15
Bahrain's central bank said on Wednesday it was raising key interest rates by 25 basis points after the U.S. Federal Reserve hiked rates.
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Reuters: Bahrain Central Bank Orders Banks to Freeze Assets of Qatar-Linked Blacklist
2017-06-13
Bahrain's central bank ordered banks operating in the kingdom to freeze assets and bank accounts of the Qatar-linked 59 individuals and 12 entities that a group of Saudi-led Arab countries have accused of links to terrorism.
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CBB Asks about Information Concerning Individuals and Entities cited in Terror List
2017-06-12
The Central Bank of Bahrain (CBB) has instructed all licensed financial institutions operating in Bahrain to freeze bank accounts of the individuals and entities cited in the terror list.
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Moody’s Maintains Negative Outlook on Bahrain’s Banking System
2017-06-02
Moody's agency said it maintains negative outlook on Bahrain, which reflects the challenges posed by weakening economic growth, the sector's exposure to government debt and the authorities' lower capacity to support banks.
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Bloomberg: Bahrain Foreign Reserves Tumble 11% amid Risks of Exchange-Rate Policy Change
2017-05-10
Bahrain’s foreign-currency reserves tumbled 11 percent in February, extending a decline that has fueled speculation that the island kingdom would either tap international bond markets soon or seek financial support from other Gulf Arab monarchies, Bloomberg revealed.
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Court Overturns Central Bank Decision to Place “Awal Bank” Under its Management
2017-04-25
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.
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Parliament Grants CBB Authority of Selling Assets, Puts BIBF under Bank’s Power
2017-02-08
The Parliament passed a bill in its session held on Tuesday (February 7, 2017) expanding the authorities of Bahrain Central Bank, allowing it to perform its role more effectively and putting Bahrain Institute of Banking and Finance under its control.
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Bahrain Central Bank Raises Policy Rates 25 bps
2016-12-15
The central bank of Bahrain said on Wednesday it was raising the policy interest rate on its one-week deposit facility by 25 basis points to 1.00 percent.
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CBB Governor: Spending Review to Reduce Budget Deficit Ongoing
2016-12-12
Central Bank of Bahrain (CBB) Governor Rashid Al-Miraj said that issue of tax regimes and raising it in the Gulf States remain a financial matter under the specialty of the Ministry of Finance and the Finance Ministers in the region, who are competent to deal with such issues.
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Reuters: Bahrain Foreign Reserves Halve since 2014 as Oil Slumps
2016-10-06
Bahrain's foreign reserves have more than halved since the end of 2014 as low oil prices slash the value of the country's exports, the prospectus for the kingdom's sovereign bond issue this week shows.
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Bahrain moves to close Iran's Future Bank
2016-01-27
Bahrain Mirror (reuters): Jan 26 Bahrain's central bank said on Tuesday it is taking steps to close down Iranian-owned Future Bank, which is based in the Gulf state.
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Bahrain central bank says remains committed to dollar peg
2016-01-26
Bahrain Mirror (Reuters): Bahrain is committed to keeping its dinar currency's peg to the U.S. dollar, a senior official at the kingdom's central bank said on Monday.
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Reuters: Bahrain Regulator Says no Decision on Fate of Iran's Future Bank
2016-01-26
Bahrain Mirror (Reuters): Bahrain has not yet made a decision about the fate of an Iranian-owned bank based in the Gulf state under administration, a senior Bahraini central bank official told Reuters on Monday.
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Bahraini Parliamentary Financial Committee Decides to Impose Fees on Foreign Transfers amid Central Bank Rejection
2016-01-12
Bahrain Mirror: The Committee of Financial and Economical Affairs of the Bahraini Parliament passed a bill to impose fees on financial transfers outside Bahrain. The committee said it would be a major spring for the state’s general budget, and a way to find new revenue sources to achieve progress and development in the Bahraini economy.