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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
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
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
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