Strong non-oil sector and foreign direct investment (FDI) growth combined to deliver Bahrain momentum through 2018, with the country’s biggest hydrocarbons discovery in decades expected to strengthen its fiscal position in the years ahead.
Bahrain Economy
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Economic update | Bahrain: Year in Review 2018
2 Jan 2019
Reforms to improve trade and protect investor rights have bolstered Bahrain’s standing on the World Bank’s most recent ease of doing business index, with newly ratified legislation set to further boost its investment appeal.
Economic update | Bahrain approves VAT, spending measures to help improve fiscal balance
24 Oct 2018
The introduction of a goods and services tax, coupled with cost-cutting measures and a proposed multibillion-dollar loan, is expected to help Bahrain improve its fiscal position and reduce national debt.
Bahrain has benefitted from a series of reforms aimed at increasing foreign direct investment (FDI), recording a strong jump in inflows in 2017.
Economic update | SME accelerator initiative to support Bahrain’s diversification strategy
29 Mar 2018
Bahrain has moved to improve its start-up ecosystem as part of plans to further diversify the economy, launching a new funding and training initiative specifically targeting entrepreneurs and small and medium-sized enterprises (SMEs).
Although Bahrain has faced economic headwinds in recent years, the modest recovery of oil prices in 2017 bodes well for the future in addition to the non-oil sector driving growth, with activities unrelated to hydrocarbons extraction forecast to expand by 3.9% in 2018.