Following the collapse of the international shipping market, in 2012 the container route from Shanghai to the Gulf through Dubai saw the second-highest freight rate growth in the intra-Asian region. This is part of an emerging trend, with GCC-Asia trade maturing. A relationship that was once just based on energy demand is diversifying, and the GCC is seen as a viable...
February 14, 2014 was the 13th anniversary of the inauguration of our National Action Charter, which enjoyed the support of an overwhelming majority of Bahrainis. The charter led to the modernisation of a constitution that clearly stipulates political rights for women, and two legislative chambers sharing legislative power under one council, as stated in the fifth...
June 2014 marked the 25th anniversary of trading on the bourse, which began operating as the Bahrain Stock Exchange in 1989. The market looks to have recovered from the global financial crisis, and in 2013 posted an 18.9% year-on-year increase in market capitalisation, with the trend continuing into 2014, with a 21.7% rise to BD8.47bn ($22.45bn) at the end of September 2014. The banking sector...
Despite being buffeted by successive financial storms since 2008, Bahrain’s banking sector has remained resilient and in February 2014 the Central Bank of Bahrain’s (CBB) “Financial Stability Report” showed many areas of strength and renewed vigour. In 2014 the finance and banking sector accounted for nearly 17% of GDP, according to the CBB, making it the second-largest contributor after the...
While Bahrain has witnessed strong growth in recent years, there are concerns that sluggish oil prices and rising debt levels will limit growth into 2015. However the finance and banking sector, which represents the kingdom’s second-largest economic contributor, is expected to continue expanding, with the country having emerged in recent years as a financial services hub, especially in regards...
The kingdom of Bahrain hosts a diverse and multicultural population, which in 2011 totalled around 1.2m people, of which 585,000 were Bahraini and 610,000 expatriates. Finance and energy remain key drivers of GDP growth in Bahrain. Energy still accounts for the majority of government revenues, but is shrinking as a proportion of GDP as Bahrain pushes ahead with economic diversification plans...
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