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Stock Market / Finance in Bahrain

  • IMF urges Bahrain to implement further fiscal reforms

    BAHRAIN, 2017/09/08 Bahrain needs to urgently implement further fiscal reforms as economic vulnerabilities have increased in the Gulf kingdom in the wake of the oil price decline, according to the International Monetary Fund (IMF). IMF executive directors said that, although economic activity and financial market conditions have remained positive, "additional sizable and frontloaded fiscal adjustment is urgently needed".Additional sizable and frontloaded fiscal adjustment is urgently needed, says International Monetary Fund They said in a new research note that sustained fiscal efforts will be needed over the medium term to put deficit on a downward path and rebuild policy space.
  • Bahrain's GFH acquires $1.2bn land bank

    BAHRAIN, 2017/09/08 Bahrain-based GFH Financial Group (GFH) has announced that it has completed the acquisition of a $1.2 billion infrastructure portfolio in Africa and Middle East. Acquisition has been funded by $315m capital increase taking GFH issued and paid up capital to $975m The acquisition comes as part of GFH’s new strategy approved in the last shareholders’ conference in March and subsequent to regulatory approvals, the company said in a statement.
  • Bahrain issues new rules to encourage fintech growth

    BAHRAIN, 2017/09/08 Bahrain has announced new regulations to create a regulatory sandbox that will allow startups and fintech firms to test and experiment their banking ideas and solutions. The Central Bank of Bahrain (CBB) said in a statement that the regulatory sandbox provides an opportunity for fintech businesses around the world to expand and thrive in the Gulf and strengthens Bahrain’s position as a fintech and financial services hub in the GCC. Central bank creates regulatory sandbox to allow firms to test and experiment banking ideas and solutions
  • Bahrain launches new rules for financial technology firms

    BAHRAIN, 2017/06/15 The Central Bank of Bahrain (CBB) has announced new regulations to create a regulatory sandbox that will allow startups and fintech firms to test and experiment their banking ideas and solutions. The creation of the regulatory sandbox provides an opportunity for fintech businesses around the world to expand and thrive in the Gulf and strengthens Bahrain’s position as a fintech and financial services hub in the GCC. The framework provides a virtual space for companies to test their technology-based innovative solutions, and is open to existing CBB licensees and other local and foreign firms.
  • Islamic Finance Bahrain’s Islamic finance sector sets the tone for the rest of the world

    BAHRAIN, 2016/12/25 With decades of experience and regarded as the benchmark for its regulation, Bahrain stands out as a world leader in Islamic finance and has helped additional than 30 nations worldwide to set up Islamic financial structures. From its benchmark-setting regulation to its highly qualified human resources, the kingdom has all the fundamentals to lead the industry’s next development both regionally and internationally. In the 2015 Islamic Finance Development Indicator (IFDI) Statement by Thomson Reuters and the Islamic Corporation for the Development of the Private Sector (ICD), Bahrain was ranked second in general out of 124 nations that contribute to the $2 trillion world Islamic finance industry, behind only Malaysia. The IFDI considers three factors: regulations, corporate governance, and Sharia governance.
  • Credit rating agency warns Bahrain

    BAHRAIN, 2013/07/21 Moody's credit rating agency put deficit issued by Bahrain on watch on Friday, warning of a possible downgrade because the country could face strains over its deficit given the weak outlook for oil prices. Bahrain is a Gulf oil-producing country, but Moody's warned that it could be entering a period of making a loss on each barrel of oil produced. The agency as well warned that political and social tension could undermine confidence and increase prospects.