Within the realm of financial services in Bahrain, most of the attention in recent years has been on the wholesale sector, where the internationally focused nature of the business left banks relatively more exposed to the effects of the global financial crisis. In contrast, retail banks in Bahrain have been steady, continuing to serve their...
Despite a number of notable uncertainties in the global economy, Bahrain’s economic outlook remains largely positive. It appears that the international economy will continue to be challenged by problems such as the sovereign debt crisis in the eurozone and fiscal disputes in the US throughout 2013.
The name Bahrain means “two seas” in Arabic, referring to the seas that surround the Gulf island nation. It is unclear which seas the term specifically refers to, and for much of its history, Bahrain was the name for the province. Only recently has it come to identify the islands of the Awal archipelago.
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