GCC
The growth in earnings is driven by 11 percent lending growth and a rising interest rate environment
The interest rate on repurchase operations (repo) with the OCB for these T-bills is 6.00 percent
The report forecasts an upgrade for Bahrain if the government substantially lowers net debt-to-GDP via improved budgets
The airport's point-to-point passenger operations account for 25 percent of its total traffic
The bonds are divided into two tranches and aim to fund environmentally friendly projects
Data showed a 4.8 percent increase in the mining sector compared to February 2024
MoF stated that this surplus was directed towards reducing public debt, and therefore there was no cash surplus
These revisions reflect reduced pressures on these banks' capital ratios in the upcoming FY2024/2025
Solid budget and financial buffers, but reforms needed to reduce oil dependence
This represents a 58.4 percent growth compared to 2022
Losses from rate cuts to reach around $2.8 billion or 1.9 percent of GCC banks' total equity
