The year 2014 marked the 80th anniversary of oil exports in Bahrain. The resource was first discovered in the Bahrain field in October 1931, and in 1934 the nation began exporting, shipping 285,000 barrels per day (bpd) of oil. Since then, however, production levels have fallen, but efforts are now under way to double output from this field to...
Compared with many of its peers in the GCC that remain largely dependent on hydrocarbon revenues, Bahrain has a relatively diversified economy. The country pioneered the development of new economic sectors that are now common throughout the Gulf. Bahrain was the first GCC state to begin oil exports in 1934 and later became the first in the...
Infrastructure work in the MENA region worth $87.6bn in 2013 – the largest regional total for project financing that year – means big business for reinsurance providers that can shoulder the risk for such financing needs. Following the example of island nations such as the Bahamas and Singapore, Bahrain has ambitions of becoming an important...
Pension fund assets in the Middle East and North Africa could be worth $5trn by 2020, and financial analysts forecast that if institutional pension fund investors in the GCC divert just 20% of their current assets under management to the Islamic asset management sector, it could represent a $36bn boost for the industry. With its strong track record of developing new...
Widely regarded as a leading centre of innovation in Islamic financial services (IFS) and known for its robust and responsive regulation, Bahrain is growing in influence. The kingdom’s Islamic financial institutions are regulated by the Central Bank of Bahrain (CBB), and in 2014 the CBB has made a number of refinements to its codes and rules for...
With one of the world’s longest traditions in Islamic banking and a diverse offering of retail and wholesale shariacompliant lenders, Bahrain is seen as a leading centre of one of the fastest-growing global financial phenomena. A number of international institutions providing guidance, ratings, standards and education in Islamic finance have...
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