A man sits and looks towards the Sheikh Isa Causeway, linking Diplomatic Area to Muharraq, during the early evening hours in Manama, Bahrain, November 11, 2018. REUTERS/Hamad I Mohammed
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Bahrain went from being a bond-market pariah to a darling this year after its Gulf neighbors came to the rescue to ward off any default.TCW held Bahrain bonds as of end-September, according to data compiled by Bloomberg.The nation's bonds remain the best performers among Gulf peers this year, returning 3.8 percent, according to Bloomberg Barclays indexes. Bahrain is the biggest beneficiary of index inclusion among Gulf peers, said Abdul Kadir Hussain, the head of fixed income at Arqaam. Based on the index weightings, flows into Bahrain will be as much as 45 percent of its outstanding bonds, compared with as much as 30 percent for other countries in the region, he said.Belt-tightening was a condition for the $10 billion bailout from Bahrain's neighbors, which will be spread over five years.
FOLLOW THIS ARTICLE