Bahrain
BMA to be replaced by central bank
Bahrain has issued a law setting up a central bank, which replaces the Bahrain Monetary Agency, Trade Arabia reported Thursday 7 September.
Bahrain OKs establishment of central bank
Bahrain's Shura Council has approved the setting up of the Bahrain Central Bank, which will replace the Bahrain Monetary Agency but with more powers, according to Mena Report.
BMA's Al Sadah on Islamic financial services
In the speech 'Challenges facing the Islamic financial services industry' given on 11 June Anwar Khalifa Al Sadah of the Bahrain Monetary Agency said Islamic banking is dominated by small institutions.
Bahrain Monetary Agency - Annual Report 2004
According to the Bahrain Monetary Agency's Annual Report 2004, in 2004, the global economy experienced one of its strongest years of growth with overall global economic output rising by 5.1%.
Comments: Reserve diversification
Recent reports of the diversification official foreign exchange reserves in the Middle East have not gone unnoticed. Economists are starting to ask if the prospect of large-scale reserve diversification is back on the international agenda, following a…
ECB to advise GCC states
The European Central Bank will advise Gulf states on their plans for possible monetary union a spokesman for the ECB was quoted by AFX as saying on Tuesday 18 April.
Central bank to replace BMA in Bahrain
A central bank with a BD500 million capital will be established in Manama to replace the Bahrain Monetary Agency to meet the Kingdom's comprehensive development plan for the banking sector, the Bahrain Tribune reported on Monday 5 December.
Bahrain to host 39th GCC meeting
Bahrain will host the 39th meeting of the governors of central banks and monetary agencies of the six-state Gulf Cooperation Council scheduled for 14-15 September.
Former Bundesbank chief Pohl joins bank board
Ahli United Bank (AUB) in Bahrain announced this week that former Bundesbank president Dr Karl Otto Pohl was to join the bank as board of directors senior adviser.
Bahrain hosts Islamic banking supervision course
The Bahrain Monetary Agency (BMA) and the Bahrain Institute of Banking & Finance (BIBF) is currently holding a five-day course on Islamic banking supervision.
Bahrain to establish new central bank
Bahrain is set to establish a central bank to be its new authority on finance and banking, following a cabinet meeting on Sunday 6 March.
BMA gets new governor after reshuffle
The king of Bahrain, Sheikh Hamad bin Isa Al Khalifa, made a ministerial reshuffle this week which saw Bahrain Monetary Agency Governor Shaikh Ahmed bin Mohammed Al Khalifa, named Finance Minister on Saturday 15 January.
GCC summit focus on common market, single currency
The annual summit of the GCC scheduled to be held in Manama on 20 December will cover topics including the GCC common market, monetary union and a single currency, Abdul Rahman Al-Attiyah, secretary-general of the six-member group said.
Panels studying GCC monetary union criteria
The governor of the Bahrain Monetary Agency said that technical committees in the Gulf countries are currently studying the criteria for monetary and financial convergence and the legislative and institutional frameworks and arrangements for the monetary…
BMA dep gov: Monetary policy key to currency union
Bahrain Monetary Agency (BMA) Deputy Governor Khalid Al Bassam said a strong monetary policy will be even more important for the region with the introduction of a common GCC currency.
Bahrain establishes new money laundering taskforce
Bahrain is establishing a new taskforce to combat money laundering and terrorist financing across the region. The Middle East and North Africa Financial Action Task Force (MENAFATF) will be set up on November 29 and 30 in a meeting to be held behind…
BoE's CCBS organising seminar in Bahrain
The Bank of England's Centre for Central Banking Studies (CCBS) is organising the first Monetary Policy and Operations seminar in Bahrain this month.
BMA deputy governor to step down
Bahrain Monetary Agency (BMA) Deputy Governor Khalid Al Bassam will step down at the end of the year after more than 15 years with the central bank.
Bahrain strengthens anti money-laundering laws
Bahrain is developing anti-money laundering (AML) laws for the insurance sector and capital market players as part of a drive to tighten up on the industry and remove any threat that could jeopardize monetary and banking policies, a central bank official…
Bahrain plans new central bank to replace BMA
Ministers suggested at a Cabinet meeting that a new law should organise a Bahrain central bank and monetary firms to replace the BMA.
Bahrain to host cb governors for IFSB Council meet
Bahrain will host the 3rd meeting of the Council of the Islamic Financial Services Board (IFSB) next week, according to AME info. The governor of the Bahrain Monetary Agency said "We are delighted to host such an important gathering of central bank…
BMA maintains strict money laundering regulation
The Executive Director of Banking Supervision at the Bahrain Monetary Agency said the BMA will make a 'strategic priority' of implementing international best practice in combating money laundering and terrorist financing, according to a report by AME…
New law to boost BMA role as a key regulator
A new law is expected to reflect the Bahrain Monetary Agency's expanded role as regulator of capital markets and will make it easier for international dealings to operate as a central bank.
BMA chief to chair Jeddah conference
Bahrain Monetary Agency (BMA) Governor Shaikh Khalifa will chair the second meeting of the Islamic Financial Services Board (IFSB) Council meeting at the Islamic Development Bank on Wednesday 30 April, according to the Gulf Daily News.