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Latest Headlines:Here is latest headlines as scroll textThursday, May 17, 2012

Moody’s downgrades Bahrain ratings

Bahrain's ratings downgrade was based on a rise in the breakeven oil price in the Bahraini budget, Moody's said

DUBAI (AFP) - International ratings agency Moody's on Monday downgraded Bahrain's local and foreign currency government bond ratings to A3 from A2 due to budgetary pressure, but kept a stable outlook.
The ratings action was based on a "gradual but significant rise in the breakeven oil price in the Bahraini budget over recent years," Moody's Investors Service said in a statement.
The oi [...]

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Arrested activists back violent groups: Bahrain security

Bahraini women rally for political prisoners Hassan Mesheima (C-L) and cleric Mohammed al-Moqdad (C-R) in 2009

MANAMA (AFP) - Several activists arrested in Bahrain over the past week have admitted to receiving funds to support groups which "incite violence," state news agency BNA quoted a security official as saying.
The suspects have "admitted to receiving funds and donations from religious scholars and businessmen under various covers, which they allegedly used to help... groups commit heinous a [...]

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Rights groups urge Bahrain to release activists

Bahraini women rally for political prisoners Hassan Mesheima (C-L) and cleric Mohammed al-Moqdad (C-R) in 2009

WASHINGTON (AFP) - Amnesty International and Human Rights Watch called on Bahrain either to release or formally charge eight activists, including clerics, the groups said the Gulf kingdom has arrested.
"The Bahraini authorities must make it clear why these eight men have been arrested, and either release them or charge them with recognizable criminal offences," Hassiba Hadj Sahraoui, depu [...]

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Bahrain arrests Shiite clerics on security suspicions

Shiite demonstrators argue with a policeman during a protest in Manama in 2009

MANAMA (AFP) - Bahraini authorities have arrested four Shiite men, including two clerics, suspected of setting up a network aimed at destabilising the country, a security official said on Sunday.
Three of the arrests wee made on Sunday, while the fourth, Abduljalil al-Singace, a leading figure in the Shiite opposition association Haq, was detained late on Saturday, said the official fro [...]

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Bahrain king calls elections for October 23

Bahrain's King Hamad

MANAMA (AFP) - Bahrain's King Hamad on Sunday called parliamentary and municipal elections for October 23, the state news agency BNA reported.

The king, who chaired a cabinet meeting attended by Prime Minister Sheikh Khalifa bin Salman al-Khalifa and Crown Prince Sheikh Salman bin Hamad al-Khalifa, urged voters to turn out in large numbers for the polls.

"Decision-making and participatin [...]

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