Financial and Banking News
BUDGETS AND REVENUES
Bahrain, UAE Governments Increase Borrowing from Banking Sector
Figures released last week showed the extent to which two Gulf states areborrowing from their domestic banks in order to finance government expenditurein the context of falling oil revenues. The Bahrain Monetary Agency (BMA)released details of its first offering of treasury bills, which indicated strongdemand from the country's banks. The new 91-day...