The composition of Bahrain’s GDP compared to the five other GCC member countries, shows that while the energy sector remains the single largest contributor to national production, at just under a quarter of GDP, Bahrain is leading the way on economic diversification. An IMF discussion paper on economic diversification in GCC countries,...
With over nine hours of sunshine a day for eight months of the year, Bahrain would appear to be an obvious location in which to pursue solar power as a renewable energy option. Looking to harness this readily available resource, the country has already taken its first steps in establishing a renewable energy strategy and is creating a watchdog...
What strategies are being developed to encourage market-based energy prices in the future?
Although the global drop in crude oil prices is a concern, the early adoption of economic diversification efforts has created positive growth trajectories in non-oil sectors in Bahrain, such as construction and transport. Hydrocarbons continue to form the bulk of government revenues in Bahrain, with oil and gas accounting for 24.1% of Bahrain’s GDP in 2014. Neighbouring Saudi Arabia...
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.
Rising demand, an expanding product range and innovative new applications for gas-to-liquids (GTL) products should help Qatar maintain growth in its GTL industry, bucking declines in conventional hydrocarbons prices
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