Bahrain's economy to grow by four per cent.
Governor Rasheed Al Maraj also said after a meeting of Gulf central bankers in Kuwait that Bahrain does plan to issue sovereign bonds any time soon, according to a report in our sister publication, the Gulf Daily News.
The new claim comes after the Economic Development Board said earlier that Bahrain's economy was expected to grow slightly more than 4 per cent this year compared with 3.2 per cent last year.
Mumtalakat reopened Gulf bond markets by issuing a five-year $750 million bond in June after the market was hit by the European debt crisis, raising the prospect other issuers from the region could follow. -- TradeArabia News Service
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