Bahrain sold $2 billion in a dual-tranche bond deal comprising seven-year sukuk and 12-year conventional bonds on Wednesday, its second international debt sale this year, a document showed.

Sukuk issuance by Gulf sovereign borrowers is expected to rise to around $34 billion this year, from $25 billion in 2019, as funding needs rise as a result of lower oil prices and the coronavirus crisis, Moody's said.

Countries of the energy-rich Gulf are expected to accumulate $490 billion in deficits by 2023 due to the double hit of low oil prices and the coronavirus slowdown, Standard and Poors said in a report.

McLaren Group says falling sales of its vehicles means that it will need to raise further funds, despite securing a life-saving 150 million pound ($190 million) loan in June.

A government meeting in Bahrain discussed with the Social Insurance Organization's Board of Directors an urgent reform package aimed at extending pension and insurance funds to 2086.

The Ministry of Finance and National Economy published the Q1 2020 Bahrain Economic Quarterly report for the Kingdom of Bahrain. The report revealed a decline in real GDP growth (at constant prices) at a rate of 1.1% YoY.

Bahrain will need to attract additional capital this year, including through borrowing to sustain its currency peg, after a huge drop in foreign reserves due to low oil prices, ratings agency Moody's said.

The government has agreed to pump an additional BD177 million ($470.7 million) into this year's budget to deal with the emergency expenditures incurred by the country as a result of the Coronavirus pandemic.

In its latest report on the effects of the Coronavirus epidemic on the economies of the Gulf States, the World Credit Rating Agency Fitch said that Bahrain will need the oil price barrel to be $94 to reach the point of fiscal balance.

Recent developments have severely damaged the government's fiscal balance program in partnership with three Gulf supporters. It seems that Bahrain needs to prepare a new program to rebalance the country's finances.

No more time can be wasted, as the whole world is moaning under the weight of the next economic recession caused by the Coronavirus pandemic. The wealthiest countries in the Gulf are beginning to recalculate and balance their budgets, including Saudi Arabia and the UAE. What is Bahrain's status?

Bahrain has hired banks for a potential dual-tranche dollar bond issue, banking sources said, as the junk-rated Gulf oil producer seeks to raise cash amid the new coronavirus outbreak and historically low oil prices.

Bahrain sold $2 billion in a dual-tranche bond issuance comprising 4-1/2-year sukuk, or Islamic bonds, and 10-year conventional bonds, a document showed on Thursday.

Last month, Bahrain borrowed $1.25 billion (BD470 million) to pay bonds due by the end of March.

Sources in the Ministry of Finance and National Economy said that Bahrain has asked the Gulf States to move closer date for planned aid package as part of the financial balance program.

Bahrain has paid back $1.25 billion in bonds that matured on March 31, the Ministry of Finance and National Economy said on Wednesday.

Bahrain is sinking deeper into a very difficult economic situation day after another. Since the beginning of this year, the Institute of International Finance (IIF) has said that Bahrain is in danger after its public debt exceeded 13 billion of the GDP, with a public debt amounting to 100.19% of GDP.

Bahrain's budget deficit shrank to 4.7% of gross domestic product (GDP) in 2019 from 6.3% a year earlier, the ministry of finance said on Monday citing preliminary fiscal results.

Bahrain’s Crown Prince Salman bin Hamad Al Khalifa sent a sharp-worded message to all parties that speak negatively about the country’s economic situation, including the House of Representatives.

Global ratings agency Standard and Poors (S&P) revised its outlook on Bahrain to positive from stable following the implementation of the government's budget-deficit-reducing measures and other reforms.