This chapter contains an overview of the tax framework in which local and foreign investors operate in Bahrain, including a summary of accounting standards and principles in the country, an analysis of Brexit’s impacts on GCC economies and a look ahead to the possible implementation of VAT in the GCC.
This chapter contains a viewpoint from Ahmed Alsulaiman, Managing Partner, KSI -...
Bahrain now has a solid telecoms market with customers benefitting from a diverse array of services and increasingly competitive rates. The 2014 World Bank “Broadband Networks in the Middle East and North Africa” report singled out Bahrain as having the only mature broadband market in the MENA region, as well as being one of only two countries in the region to have a fully open telecoms market...
A rise in population is slowly putting pressure on Bahrain’s public health care sector, which is the oldest in the GCC region, with the first modern hospital in the Gulf established in Bahrain in 1902. The health care sector in Bahrain has historically been heavily dependent on government-run facilities and public money, but moves in recent years have set in motion the growth of the private...
As Bahrain continues to move from an oil-dependent economy to a more knowledge-based one, education is taking a driving seat in training the next generation of young Bahraini citizens in how to prosper in this new landscape. While education has long been a priority, the focus right now is on raising overall standards, from primary education on up. Perhaps the biggest changes taking place are...
With its long history as a trading centre, its wildlife and its ancient forts and mosques, Bahrain has strong appeal to draw in visitors from near and far. Made up of more than 30 islands, the archipelago is easy access for people living in the Gulf region – making it a prime destination for short stays – and visitors are able to check in to one of the increasing number of four- and five-star...
From heavy industries largely owned by government entities to regional headquarters for multinational companies, Bahrain has a vibrant manufacturing sector that is growing steadily and playing an increasingly important role in the economy. The global downturn in both crude oil and commodities prices squeezed profit margins despite record production by Bahrain’s petrochemicals plants and...
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