Small businesses play an important and growing role in Bahrain’s economy. According to the Labour Market Regulatory Authority, more than 90% of licensed companies had less than 10 employees in 2016 and approximately 98% of them employed less than 50 people each. The activity of this prominent part of the economy has become easier to track in...
The rapid evolution of the financial technology ( fintech) arena has presented a dilemma to regulators across the world. The industry is emerging as one of the most vibrant segments of the wider financial services sector, and in 2015 collected over $22bn in investment, according to the Central Bank of Bahrain (CBB), a figure that is expected...
How are the kingdom’s banks adapting to the pace of regulatory changes, such as the Basel guidelines, and new technologies?
The kingdom of Bahrain, renowned for its open markets and one of the most vibrant financial industries in the region, has faced economic headwinds in recent years. Lower oil prices have affected the many corporates that have chosen Manama as a base for their regional operations, and a stubborn fiscal deficit has resulted in a record-high level...
Bahrain has been a regional magnet for foreign direct investment (FDI) for decades. The accumulation of foreign capital over many years means that, relative to the size of the economy, it figures more prominently on the national balance sheet than in any other GCC state: according to the June 2017 “Economic Quarterly” report by the Economic...
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