The insurance sector is set to undergo a series of reforms under the government’s Financial Services Development Strategy (FSDS) 2022-26, announced at the end of 2021 and developed in line with the broader Bahrain Economic Vision 2030 to stimulate growth over the course of the decade.
Bahrain Financial Services
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Articles & Analysis | Mandatory health coverage to increase insurance uptake in Bahrain from The Report: Bahrain 2022
Chapter | Financial Services from The Report: Bahrain 2022
Bahrain is home to one of the region’s most vibrant financial sectors, with financial services rivalling oil and gas in terms of economic importance. Indeed, by late 2021 the financial sector had overtaken hydrocarbons as the largest contributor to the economy. The Islamic finance sector is also strong, with Bahrain ranking fourth out of 135 countries and second in the MENA region in terms of...
After weathering a series of global and regional challenges in recent years, Bahrain is emerging from the Covid-19 pandemic with strong growth, rising government revenue and a new plan for the future economy. As energy and tourism earnings recover, the kingdom aims to generate sustainable long-term growth opportunities through new sector strategies and transformational infrastructure projects.
Economic update | Will the “second wave” of mergers and acquisitions in GCC banking continue to gather pace?
7 Jul 2021
More than a year after the initial onset of the coronavirus pandemic, the Gulf banking sector is seeing an increase in mergers and acquisitions (M&A), as lenders continue to deal with the economic fallout.
In what ways can the BHB enhance its contribution to the country’s post-pandemic recovery?
Bahrain Bourse recently established the Murabaha service based on sukuk (Islamic bonds), in collaboration with the Central Bank of Bahrain (CBB). To what extent will this collaboration facilitate sharia-compliant asset management going forwards?