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FINANCIAL NEWS
Bahrain’s foreign reserves split since 2014
06 Oct 2016
(MENAFN) Bahrain’s foreign reserves halved since the end of 2014 as low oil prices slash the value of the country”s exports.
On the other hand, the government has been growing its debt issues in order to finance a budget deficit made by cheap oil and it sold USD1bn of Islamic bonds.
However, gross foreign reserves including, gold shrank to USD2.78bn on June 30 this year from USD3.39bn at the end of last year.
Meanwhile, its recent account balance, which involves trade in goods and services dropped into USD79mn deficit last year from USD1.52bn surplus in 2014.
More News
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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