In the context of the GCC Bahrain stands out for its high level of national participation in the workforce. Since it first took root in the 1970s the financial services sector has now achieved 70% Bahrainisation, with up to 14,062 people employed in investment banks, private equity houses and insurance firms. The financial services sector,...
Financial services, industrial manufacturing and a business-friendly environment have traditionally marked out the island Kingdom from other GCC states. Lacking the hydrocarbons of its neighbours, Bahrain has spent years diversifying its economy to meet future challenges.
“Business-friendly Bahrain” is a well-known brand in the US, Europe and Asia and despite the political unrest international and regional investors have not panicked. Foreign direct investment (FDI) has deep roots in the Kingdom and the government already has an established support network, including the Economic Development Board (EDB), which works...
Social services and infrastructure projects are a key focus for state spending moving forward. The 2011-12 budget provided BD6.2bn ($16.37bn) and the 2012-13 budget is expected to include further funding for services, infrastructure, housing, education and health to boost the Kingdom’s spending drive. Furthermore, the first BD377m ($995.36m) tranche...
As the Arabic word for “two seas”, Bahrain’s name refers to the sweet-water springs that fill the Kingdom’s aquifers and the salty seas that surround the island.
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