With recent news of a planned new Islamic bond issue, Bahrain’s economy may be set to receive a welcome boost. The issuance may also come as a boon for the Gulf state’s financial services sector, which is a central part of its Economic Vision 2030, the long-term plan to promote the country as a leading regional and international financial centre, Global Arab Network reports according to OBG.
Bahrain faced ratings downgrades after civil unrest in February, followed a month later by the delay of a planned $1bn sovereign bond issue after debt insurance costs hit 18-month highs………………………………………..Full Article: Source