Economy

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Despite the gradual economic recovery seen in the US and parts of Europe, the GCC has witnessed strong growth in recent years, and Bahrain is no exception. With its main stock market index reaching a three-year high in mid-2014, and spending on infrastructure anticipated in the second half of the year, there has been a renewed sense of confidence and cautious optimism...

As part of the kingdom’s long-term development strategy, private sector investment and innovation is set to play a key role in Bahrain’s future prosperity. The country has a long history of trade and has created an attractive environment for companies wishing to invest and establish a base from which to do business in the Middle East and beyond.

What are some of Mumtalakat’s key highlights from the 2013 trading year?

While the kingdom prides itself on offering tax-free incentives to businesses, it has also been developing industrial zones with added benefits for foreign investors, including contracts protecting tenants against future tax changes and, in some cases, bonded warehousing, which provides companies with certain exemptions from paying import duties.

How can Bahrain’s experience be applied as London aspires to be an Islamic financial centre?

Chapter | Insurance from The Report: Bahrain 2015

Bahrain boasts the highest insurance penetration rate in the GCC at 2.3% of the population. This is a result of its comparatively long insurance history, the clear regulation in place and the large number of companies involved in the sector. Motor insurance remains the primary source of revenue and claims within the sector, with motor lines representing almost 26% of premiums and contributions...

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