Bahrain’s rate of economic growth will slow in 2014 and the kingdom’s budget deficit will rise both this year and next due to lower oil prices, National Bank of Kuwait’s (NBK’s) July macroeconomic report about Bahrain says. “Economic growth continued…
Tag: Bahrain
Fitch affirms Bahrain at BBB with stable outlook
Fitch Ratings today affirmed Bahrain’s long-term foreign currency issuer default rating (IDR) at BBB and local currency IDR at BBB with a stable outlook. The issue ratings on Bahrain’s senior unsecured foreign and local currency bonds have also been affirmed…
MEED presents Bahrain Energy Project report to Bahrain’s Finance Minister
A MEED report on Bahrain’s large project programme to 2022 and beyond was presented yesterday in Awali to Bahrain’s Minister of Finance Shaikh Ahmed Bin Mohamed al-Khalifa by MEED Events Chairman Edmund O’Sullivan. Shaikh Ahmed is also responsible for Bahrain’s…
IPO planned for Bahrain’s container port: Reuters
Bahrain’s Transport Ministry told Reuters yesterday that an initial public offering (IPO) is planned of shares in the kingdom’s Khalifa bin Salman Port, a privately-operated container terminal. It would be Bahrain’s first big IPO since 2010, Reuters said. The port…
IMF forecasts GCC budget surpluses to disappear by 2019
The budget surpluses enjoyed by GCC states for more than a decade will be eliminated by 2019, a report in IMF Survey published today shows. The IMF forecasts that Bahrain and Oman will record fiscal deficits this year, which makes them increasingly…
Alba considers building 1,500MW power plant to support pot-line six project, MEED conference told
Aluminium Bahrain (Alba) is considering building a 1,500MW combined cycle power station as part of the pot-line six expansion project, which will raise its capacity to 1.3m tonnes in 2017, the MEED Bahrain Energy Forum was told today. The expansion…
New Arabia-Bahrain pipeline FEED complete, MEED Conference told
The front-end engineering and design (FEED) for the new 360,000 b/d Arabia-Bahrain pipeline from Saudi Arabia to Bahrain is complete and the EPC procurement is ready to be launched, the MEED Bahrain Energy Forum was told this morning. “We are…
Expansion on agenda for Bahrain energy industry, MEED conference told
Bahrain’s energy industry expansion plans include projects worth more than $20bn in total, the MEED Bahrain Energy Forum in Manama was told this morning. The conference was told that the projects being developed include; Continuing investment in upstream oil and…