Famously one of the most diverse in the region, the Bahraini banking sector is composed of local, regional and international firms that have flourished in a liberal but well-regarded regulatory environment. The past year has been a challenging one for the industry, particularly given the unrest in the early months, yet most licensed lenders in Bahrain entered 2012 on the back of robust financial...
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Financial services, industrial manufacturing and a business-friendly environment have traditionally differentiated the island Kingdom from other GCC states. Lacking the hydrocarbons of its neighbours, Bahrain has spent years diversifying its economy to meet future challenges. This made it one of the first GCC states to move its economy beyond a traditional reliance on hydrocarbons exports, and...
Chapter | Country Profile from The Report: Bahrain 2012
This chapter includes information about Bahrain’s history, economy, government, financial services sector (including Islamic financial services), population, climate, natural resources, language and culture. It also includes a viewpoint with King Hamad bin Isa Al Khalifa, and Abdul Latif bin Rashed Al Zayani, Secretary-General of the GCC. This section also includes an interview with Princess...
Bahrain has weathered the effects of a difficult global economic period well, and its recovery has been solid, demonstrating the strength and flexibility of its economy. The government’s drive to diversify away from oil and gas dependence has been renewed, and a wealth of ambitious non-oil sector projects – from infrastructure to renewable energy technology – is now in the pipeline.
South Africa lies on the southern tip of Africa, occupying 1.22m sq km with some 2800 km of coastline along the Atlantic and Indian Oceans. The so-called “Rainbow Nation” has a population of around 50.5m and is a melting pot of ethnicities, cultures and languages that reflect its rich and tumultuous history.
Economic growth in the Philippines slowed from 7.6% in 2010 to 3.7% in 2011, and public-private partnerships (PPPs) that would have boosted public spending were delayed. The Aquino administration says that the wait is due to strict anti-corruption measures, and promises that 2012 will see these projects move forward. In the meantime, in late 2011 Aquino unveiled a spending package worth $1.6bn to...