Bahrain's economy should grow around 4 percent in 2010, faster than last year, the country's central bank governor said on Tuesday. Bahrain was unlikely to issue further sovereign bonds this year, Rasheed Al-Maraj said on the sidelines of a financial conference in the Gulf state, according to a report of Reuters. Bahrain's economy expanded by 3.2 percent in 2009, Maraj said. In March, Bahrain launched an oversubscribed $1.25 billion, 10-year bond, which came at a time of huge pent-up demand for Gulf sovereign issues. “No further issues are going to be this year. But we always keep our options open,” Maraj said.
