Tourism’s total contribution to Bahrain’s GDP reached $3.26bn, or 10.2% in 2013, with this is expected to increase by 7.6% in 2014 and then by 5% each year until 2024. Continued investment in infrastructure will help drive future growth in the sector, with the $980m expansion of Bahrain International Airport due to increase capacity to 13.5m passengers per year. Meanwhile, plans to expand the...
Bahrain
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Interviews & Viewpoints | Khalid Hamad, Executive Director - Banking Supervision, CBB; Chairman, International Islamic Financial Market, on the regulatory framework: Viewpoint from The Report: Bahrain 2015
The 2008-09 financial crisis threatened the stability of the global banking system, and central banks across the world were forced to take unprecedented measures to stabilise the situation and to provide a safe operating environment for the financial industry. Financial regulators still have to deal with many issues to ensure that the new regulations provide a foundation...
Interviews & Viewpoints | Hassan Jarrar, CEO, Standard Chartered Bahrain: Interview from The Report: Bahrain 2015
Articles & Analysis | Bahrain remains a leading regional centre for banking and finance from The Report: Bahrain 2015
Buffeted by successive financial storms in the years since the collapse of Lehman Brothers, Bahrain’s financial sector is poised to take advantage of renewed optimism and confidence in key parts of the global economy. The overall shape and composition of the country’s banking sector has changed since 2008, but it has proved resilient overall and...
Articles & Analysis | Mergers and acquisitions reshape Bahrain's banking sector from The Report: Bahrain 2015
For a country with a population of 1.2m, Bahrain has a complex banking landscape with 104 institutions holding licences as of March 2014. There are 80 conventional banks, including 22 conventional retail banks, and 24 Islamic banks, of which six are retail banks. The Central Bank of Bahrain (CBB) has been urging greater consolidation across all...
Articles & Analysis | Experts discuss Bahrain's banking sector from The Report: Bahrain 2015
Despite being synonymous with financial expertise for more than 40 years, Bahrain is not resting on its laurels, and it faces stiff competition from growing regional centres like Abu Dhabi, Dubai, Doha and Riyadh. Bahrain climbed 12 places in the 15th Global Financial Centres Index (GFCI) published by Z/Yen Group in March 2014. But its recent...