The RAF’s Red Arrows over Doha in 2013. They return this weekend as part of the UK’s campaign to maintain its trade relationship with both sides of the GCC split The Royal Air Force (RAF) Red Arrows will fly over…
Tag: Bahrain
IMF calls for tough economic measures
fiscal and external vulnerabilities have increased in the wake of the oil price decline, the IMF said today in a statement following the end of its annual Article IV consultation with the government of the kingdom. Real GDP growth is…
NBK says Bahrain to recover in 2017
The Bahraini economy will recover in 2017 on higher oil prices and non-oil output, National Bank of Kuwait (NBK) says in a report released today,. “Real GDP growth is poised to hold in 2016 on signs of resilience in the non-oil…
Fitch downgrades Batelco and Mumtalakat
For full coverage of Middle East business, see MEED Fitch Ratings has downgraded the long-term issuer default ratings (IDRs) of Bahrain Telecommunications Company (Batelco) and Bahrain Mumtalakat Holding Company (Mumtalakat) to BB+ from BBB-.The outlooks are both stable. “The rating…
Fitch cuts Bahrain’s credit rating
For full coverage of Middle East business, see MEED Fitch Ratings has downgraded Bahrain’s long-term foreign currency issuer default rating (IDR) to BB+ from BBB- and long-term local currency IDR to BB+ from BBB. The outlooks are stable. The issue…
Fitch outlook turns negative for NBB and BBK
For full coverage of Middle East business developments, see MEED Fitch Ratings announced today that it had revised its outlook for National Bank of Bahrain (NBB) and Bank of Bahrain & Kuwait (BBK) to negative from stable but affirmed their long-term…
Fitch affirms Bahrain at BBB-/BBB, cuts outlook
For full coverage of business developments in the Middle East, see MEED Fitch Ratings has affirmed Bahrain’s long-term foreign and local currency issuer default ratings (IDR) at Fitch Ratings BBB- and BBB, respectively. The issue ratings on Bahrain’s senior unsecured…
APICORP forum says diversification and subsidy reform are biggest issues
For full coverage of Middle East business events, see MEED Subsidy reform and further economic diversification away from oil and gas are the most critical elements in overcoming the current squeeze on government revenues resulting from a sustained period of…
Fitch downgrades Bahrain’s foreign currency rating
Fitch Ratings has downgraded Bahrain’s long-term foreign currency issuer default rating (IDR) to BBB- from BBB and long-term local currency IDR to BBB from BBB+. The outlooks are stable. The issue ratings on Bahrain’s senior unsecured foreign and local currency…