The introduction of a goods and services tax, coupled with cost-cutting measures and a proposed multibillion-dollar loan, is expected to help Bahrain improve its fiscal position and reduce national debt.
Bahrain
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Economic update | Increased arrival numbers and new developments boost Bahrain’s tourism prospects
19 Sep 2018
Bahrain’s tourism industry is on track to post its strongest result ever in 2018, with growth in arrival numbers coinciding with the rollout of new products and the targeting of new markets.
Bahrain has benefitted from a series of reforms aimed at increasing foreign direct investment (FDI), recording a strong jump in inflows in 2017.
Economic update | Bahrain construction sector grows amid new infrastructure and energy projects
31 Jul 2018
Rising investment in infrastructure and stronger capital inflows for industrial expansion are combining to boost activity in Bahrain’s construction sector, which expanded by 6.7% year-on-year (y-o-y) in the first quarter of 2018, according to data released by the Information and eGovernment Authority last month.
Both the government and the private sector are continuing efforts to develop the financial technology (fintech) industry in Bahrain, providing a platform for new financial services growth.
Economic update | Bahrain’s new hydrocarbons find could replenish energy and fiscal reserves
31 May 2018
Newly identified oil and gas deposits are expected to increase momentum in Bahrain’s energy sector and could have a wider economic impact by easing concerns over rising debt levels.
On April 1 Bahraini officials announced initial testing had...