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....
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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.
This section offers facts for visitors, a list of recommended hotels and contact information for airlines, foreign embassies, hospitals, business and trade associations, and other institutions. It also contains a feature piece about the popular tourist destination, Inle Lake.
This chapter examines new developments in Myanmar’s tax code, including the Union Tax Law 2015 and the self-assessment system. It also contains a viewpoint from U Win Thin, Chairman, Win Consulting.
Chapter | Legal Framework from The Report: Myanmar 2016
This chapter examines Myanmar’s legislative climate for foreign investment as well as new regulations for the foreign exchange market and updates to legal codes. It also contains an interview with Cheah Swee Gimm, Director, Kelvin Chia Yangon.