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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
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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