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35The International Monetary Fund (IMF) has welcomed the economic and financial reforms undertaken by Bahrain to battle fiscal and external imbalances. The Executive Directors of the IMF signaled that the low global oil prices have “adversely affected” the country’s economy Read more
Bahraini Parliamentarians called for a declaration of war against Hezbollah, and other radical and terrorist organizations operating in the region. They also singled out Iran and its allies alleging that their risky practices pose a threat to Arab countries especially Read more
King Mohammed VI has stressed the importance Morocco grants to its relations with Arab Gulf countries, saying their security and stability are part of the North African Kingdom’s security. “What hurts you hurts us, and what affects us affects you”, Read more
Bahrain on Monday classified 68 organizations operating within the region and beyond as terrorist groups. The move is part of the country’s efforts to fight ideological and religious extremism and its support to international efforts geared towards assuring global peace Read more
Bahrain’s oil and gas investment and business development company Nogaholding signed a five year $750 million multi-bank Islamic loan to finance the expansion and development of some projects including the construction of a liquefied natural gas import terminal. The loan Read more
Members of the Gulf Cooperation Council (GCC) namely Saudi Arabia, Qatar, Bahrain, Oman, Kuwait and the United Arab Emirates have labelled the Lebanese-based Hezbollah as a terrorist organization a day after Nasrallah lambasted Riyadh for its actions against Lebanon because Read more
Politicians in Lebanon are in disarray following the $3million military aid suspension to the Lebanese army by Riyadh that was followed few days after by travel warnings from Saudi Arabia, Bahrain and Kuwait to the country. The decision is believed Read more
A week after Oman’s credit ratings were downgraded by Standard and Poor’s from BBB+ to BBB-, sources have revealed that the government is preparing to issue a sovereign dollar bond but the Finance Ministry refused to confirm or deny the Read more
Bahrain’s Interior Minister, Sheikh Rashid Al Khalifa, expounded before clerics, members of parliament and newspapers’ editors in chief the “dangers” posed to Bahrain by some countries, singling out Iran due to its detrimental actions targeting the kingdom’s security and stability. Read more
The Central Bank of Bahrain cancelled a $750million bond sale less than 48hours after it was launched and just few hours after Standard and Poor’s (S&P) rating agency downgraded its credit ratings by two notches from BBB- to BB as Read more