Increasing revenues and reducing spending have been established as the core objectives of Bahrain’s economic policy, with subsidy reduction across the board likely to be a common theme in 2016. After energy, the financial sector continues to be the second-largest contributor to GDP, accounting for 16.5% of the total in 2014. This is followed by manufacturing which comprised 14.4% of GDP....
Bahrain
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Chapter | Country Profile from The Report: Bahrain 2016
The kingdom of Bahrain has been ruled as a constitutional monarchy since 2002 under the leadership of Sheikh Hamad bin Isa Al Khalifa. The country pioneered the Middle East’s oil production in 1932, thus establishing the region’s initial framework for the petroleum industry. The energy sector remains a pillar of the kingdom’s economy, accounting for the bulk of government revenues but a...
Low oil prices will undoubtedly continue to be a significant challenge for Bahrain in 2016. However the kingdom’s early moves to diversify its economy mean the country is well placed to weather the storm and non-oil segments are expected to continue performing well in 2016.
Articles & Analysis | Useful tips for new arrivals from The Report: Bahrain 2016
NATIONAL CHARACTER: While Bahrainis are interested in and open to foreign cultures, they are also very proud of their own identity, history and culture, and they are willing to share their local customs and traditions with those who are keen to learn.
Articles & Analysis | Hotels and their services from The Report: Bahrain 2016
ELITE RESORT & SPA Sheikh Hamad Causeway T: +973 17 313 333 / 558 200 F: +973 17 558 229 cro@elitegrouphotels.com www.elitegrouphotels.com Rooms: 154 suites with 1-, 2- or 3-bedroom suites. Business & Conference Facilities: 24-hour business centre with fax, high-speed internet and photocopying services. Multi-functional conference and...
Economic update | Bahrain Year in Review 2015
23 Jan 2016
Ramped-up investment programmes and solid private sector expansion helped sustain Bahrain’s economic growth in 2015, albeit at a slower pace than in previous years.