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...
Bahrain
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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...
Chapter | Country Profile from The Report: Bahrain 2015
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...
As the region faces up to the challenge of the recent drop in oil prices, Bahrain’s fundamentals indicate the kingdom is well positioned to weather the dip. The focus on diversification goals outlined in Economic Vision 2030 is helping establish a more competitive and sustainable economy in the kingdom. The financial sector, which represents Bahrain’s second-largest GDP contributor, has continued to recover robustly since the global economic downturn.
Chapter | Capital Markets from The Report: Bahrain 2013
Efforts to boost trading in Bahrain have been focused on corporate structuring, through a plan that includes overhauled regulation and a restructuring of the Bahrain Bourse to allow it to act with greater speed and flexibility. Initial public offerings are set to increase as moves toward privatisation continue, while small and medium-sized enterprises are on course to benefit from new listing...
Since its establishment in late May 1981, the GCC has experienced over three decades of rapid economic growth. The bloc’s six members – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE – have benefitted from greater integration and cooperation over the years, and continue to work to diversify their economies to maintain their competitive edge.