Nabil Dirar

CBB signs memorandum of understanding with DFSA

Manama - Emiratesvoice

The Central Bank of Bahrain (CBB) said it has signed a Memorandum of Understanding (MoU) with the Dubai Financial Services Authority (DFSA). The MOU provides a formal basis for supervisory cooperation and mutual support between CBB and DFSA. It paves the way for sharing of information between the two regulatory authorities to strengthen the supervision of cross-border operations of financialRead more

Speaker congratulates CBB Governor

Manama - Emiratesvoice

Central Bank of Bahrain (CBB) Governor Rasheed Mohammed Al-Maraj has been named the Middle East Central Bank Governor of the Year award for 2018 by The US Banker, an offshoot of the Financial Times. Council of Representatives Speaker Ahmed bin Ibrahim Al-Mulla sent a cable of congratulations to Al-Maraj, hailing the directives of the wise leadership and the Government’s policyRead more

Government Development Bonds issue 15 fully subscribed

Manama - Emiratesvoice

The Central Bank of Bahrain (CBB) announced that the issue of the 5.5 year Government Development Bonds has been subscribed by 100%. Government Development Bonds issue 15 fully subscribed business Manama, Dec. 25 (BNA): The Central Bank of Bahrain (CBB) announced that the issue of the 5.5 year Government Development Bonds has been subscribed by 100%. Subscriptions worth BD 200Read more

Government Treasury Bills issue 1668 oversubscribed by 109%

Manama - BNA

The Central Bank of Bahrain (CBB) has announced that this week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 109%. The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of the Kingdom of Bahrain. The issue date of the bills is 6th September 2017 and the maturityRead more

CBB regulatory sandbox attracts local

Manama - BNA

The Central Bank of Bahrain (CBB) has announced two entrants into its regulatory sandbox. Tramonex, a London-based forex cash management solution for businesses; and NOW Money, the Dubai-based account and remittance service for low-income workers in the Gulf Cooperation Council (GCC) countries. Launched in June, the Bahrain regulatory sandbox provides a virtual space for companies to test their financial technologyRead more

CBB licenses Bahrain Clear

Manama - Emirates Voice

Bahrain Clear Company announced on Wednesday 12thJune 2017 that is has recently obtained a license from the Central Bank of Bahrain (CBB) to carry out all the functions and activities mentioned in the company’s Article of Association. On this occasion, Mr. Abdulkareem Ahmed Bucheery, Chairman of Bahrain Bourse (BHB), expressed his gratitude and appreciation to the CBB officials, and theRead more

CBB raises key interest rate

Manama - BNA

The Central Bank of Bahrain (CBB) has decided today and effective immediately to raise its key policy interest rate. CBB’s key policy interest rate on the one-week deposit facility raised from 1.00% to 1.25%. The CBB has also decided to increase the overnight deposit rate from 0.75% to 1.00% and adjust both the one-month deposit rate from 1.50% to 1.75%Read more

Government Treasury Bills issue 1641 subscribed by 137%

Manama - BNA

Central Bank of Bahrain (CBB) announced that the BD 35 million monthly issue of Government Treasury Bills has been subscribed by 137%. The bills, carrying a maturity of 182 days, are issued by the CBB, on behalf of the Kingdom of Bahrain. The issue date of the bills is 5th March 2017 and the maturity date is 3rd September 2017.Read more

CBB Sukuk Al-Salam issue 187 oversubscribed by 128%

Manama – BNA

The Central Bank of Bahrain (CBB) today announced that the monthly issue of the Sukuk Al-Salam Islamic securities, Sukuk Al-Salam, has been subscribed by 128%. Subscriptions worth BD 55 million were received for the BD 43 million issue, which carries a maturity of 91 days. The expected return on the issue, which begins on 23rd November 2016 and matures onRead more

Government development bonds issue #13 fully subscribed

Manama - BNA

The Central Bank of Bahrain (CBB) announced that the issue of the 7 ½ year Government development bonds has been fully subscribed by 100%. Subscriptions worth BD 285 million were received for the BD 285 million issue, which carries a maturity of seven-and-a-half years. The expected interest rate on the issue, which begins on 10 November 2016 and maturesRead more