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Bahrain News | Global Arab Network

Bahrain: Gulf International Bank’s Ratings and Stable Outlook Affirmed

Finance
Global Arab Network - Capital Intelligence (CI) has announced that it has affirmed Gulf International Bank (GIB)’s Long and Short-term Foreign Currency Ratings at ‘A’ and ‘A1’ respectively.
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Bahrain hub for major bitumen project

Industry
Global Arab Network - A major regional petroleum and chemicals products company has selected Bahrain as the headquarters for its new ‘Pörner Bitumen Packing System’ project in the Middle East and North Africa region.
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Bahrain King promises freedom, compensation for protesters caught in crackdown

Bahrain Politics
Global Arab Network - Bahrain will dismiss charges against some people detained during crackdowns against protests and allow compensation to prisoners abused by security forces, the Gulf nation's king said in a nationally broadcast speech.
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Fitch Removes Bahrain-based Mumtalakat from Rating Watch Negative

Finance
Global Arab Network - Fitch Ratings has affirmed Bahrain Mumtalakat Holding Company's (Mumtalakat) Long-term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB'.
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Political Reform Starts - Fitch Affirms Bahrain Stable Outlook at BBB Rating

Economics
Global Arab Network - Fitch Ratings has affirmed Bahrain's Long-term foreign currency Issuer Default Rating (IDR) at 'BBB' and its local currency IDR at 'BBB+' and removed them from Rating Watch Negative (RWN).
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Bahrain-based AlBaraka Islamic Bank’s Ratings Affirmed

Finance
Global Arab Network - Capital Intelligence (CI) had announced that it has affirmed Bahrain-based AlBaraka Islamic Bank (AIB)’s Long and Short-Term Foreign Currency ratings at BB+ and A3 respectively.
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Negative Outlook - Moody's downgrades Bahrain-based Arab Banking Corporation

Finance
Global Arab Network - Moody's Investors Service has downgraded the deposit ratings of Arab Banking Corporation (ABC) by one notch to Ba1/Not-Prime, from Baa3/Prime-3. At the same time,
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Bahrain: Arab Banking Corporation’s Ratings Affirmed

Finance

Global Arab Network - Capital Intelligence (CI) announced that it has affirmed Arab Banking Corporation (ABC)’s Long and Short-Term Foreign Currency ratings at ‘BBB+’ and ‘A2’, respectively.

Energy
Global Arab Network - Bahrain is seeking to upgrade capacity of the national oil refinery from 267,000 barrels per day to approximately 400,000 bp at a projected cost of USD six billion,
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Moody's: Moderate recovery in Gulf countries telecom and utilities sectors

Technology
Global Arab Network - In a new Special Comment issued today, Moody's says that an assessment of the credit conditions of rated corporates in the Gulf Cooperation Council (GCC) points to
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Bahrain boosting competitiveness and promoting economic performance

Economics
Global Arab Network - Bahrain is to step up efforts to boost its competitiveness and promote economic performance.
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Expanding the GCC - Jordan faces opportunities and challenges

Jordan Politics
Global Arab Network - The new Secretary General of the GCC Abdul Latif Al Zayan announced recently that Jordan and Morocco have been invited to join the GCC (Gulf Co-operation Council).
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Boosting cooperation – Gulf Countries Explore Nuclear Opportunities

Energy
Global Arab Network - Senior GCC officials and nuclear experts held a meeting in Riyadh to study a project on the use of nuclear energy and a plan to boost cooperation between the six-nation Gulf Cooperation Council (GCC) and
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