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FINANCIAL NEWS
Bahrain’s 2011 growth 3%: CB
03 Jul 2011
(MENAFN) Bahrain’s Central Bank’s Governor, Rasheed Al Maraj, said that this year, the country’s economy would be forecasted to grow by 3 percent, reported Emirates 24/7.
Maraj added that talks about international banks leaving the Kingdom after the recent political events and the country’s plans to change its interest rates were only rumors; moreover, since the beginning of the year, the bank issued eight licenses for new financial institutions.
He also said that at the end of April, the central bank’s reserves of gold and hard currencies grew 11.5 percent to USD4.5 billion from USD4 billion at the end of March.
It is worth noting that King Hamad bin Isa Al-Khalifa approved a USD16.44 billion budget in June for the next two years, with a 44 percent increase in spending on subsidies and other public expenditures.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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