The Central Bank of Bahrain (CBB) has warned that borrowing in the face of oil price drop and the absence of a plan to reduce deficit, will have an adverse impact on the kingdom’s economic stability.
With increased governmen
New rules that restrict big bonuses for bankers in Bahrain have been implemented by the Central Bank of Bahrain (CBB) since July last year, according to its top official.
Central Bank of Bahrain Governor Rasheed Al Maraj said the
The Central Bank of Bahrain (CBB) and the Supreme Council for Women (SCW) have in partnership with industry leaders announced a year-long campaign promoting women in the financial and banking sector.
This follows a high-level meeting ye
The Central Bank of Bahrain (CBB) is drafting legal documentation to set up a sharia board of scholars that would oversee the kingdom's Islamic finance sector, in a step that could help the market compete with regional rivals.
Malaysia-based Islamic Financial Services Board (IFSB) is set to organise two public hearings on exposure drafts of core principles for Islamic finance regulation and guidance note on liquidity risk management.
The Central Bank of Bahra
The Central Bank of Bahrain (CBB) has said its monthly issue of short-term Islamic leasing bonds, Sukuk Al-Ijara, has been oversubscribed 315 per cent.
The subscriptions worth BD63 million ($166.1 million) were received for the BD
Anyone in Bahrain who has ever lost money on an investment product that had not been pre-approved by the Central Bank of Bahrain (CBB) could now be able to claim it following a landmark ruling by the High Civil Court.
The Central Bank of Bahrain (CBB) has directed retail banks to expedite replacing their customers’ old design cheques with new cheques which contain new standards and specifications.
The directive is in line with the cheque
The Central Bank of Bahrain (CBB) has issued a coin and silver medal to celebrate the 10th anniversary of the launch of Formula 1 in the kingdom, which will be held this year from April 4 to 6.
The silver medal
The Central Bank of Bahrain (CBB) has encouraged banking consolidation, which to date has resulted in the merger of 10 banks, creating stronger and well-capitalised financial institutions, said CBB Governor Rasheed Al Maraj.