S&P ratings agency expects the Arab country’s economy to grow nearly 5% this year S&P Global Ratings has revised Bahrain’s economic outlook from “stable” to “positive,” citing high global oil prices and the Gulf nation’s successful efforts to reduce its budget deficit. Bahrain's economy grew 6.9% in the second quarter of 2022, the highest rate in 11 years, due to a strong performance in non-oil sectors following economic reforms. Manama launched an ambitious reform plan last year, aiming to invest about $30 billion in projects to boost growth, provide new employment opportunities, and attract $2.5 billion in forei
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