Threats to Industry in Bahrain and Ease of Doing Business
According to the World Bank, Bahrain is ranked 28 out of 183 economies in the ease of doing business, which is down from 25th position in 2010.
imported 2024-03-17 17:43:07
According to the World Bank, Bahrain is ranked 28 out of 183 economies in the ease of doing business, which is down from 25th position in 2010.
Bahrain is over-banked, which limits the number of new entrants into the market. Otherwise, the sector is healthy and sound. It is maturing and developing more sophisticated banking products.
The February political crisis has led to a downgrade of Bahrain’s credit rating, resulting in higher cost of borrowing for banks. This will translate into higher lending costs. But overall, the Bahrain banking sector is healthy and remains strong.
Bahrain International Circuit strategy over the next 3 years will involve attracting more corporate events associated with motor-sports and focusing on the MICE tourism. Bahrain International Circuit has 1st class facilities to host events.
Bahrain Videos
History and Future of Motorsports in Bahrain and GCC: Video Interview with Sheikh Salman bin Isa Al Khalifa, CE of Bahrain International Circuit
Mr Al Khalifa talks about history of motor-sports in Bahrain and future of motor-sports in the region. Bahrain pioneered motor-sports by hosting F1 Grand Prix at Bahrain International Circuit. .
Mr. Al Khalifa discusses the direct and indirect economic impact of F1 Grand Prix on Bahrain. The grand prix generates huge economic activity and employment among others.
Douglas Hansen Luke, CEO of Robeco Middle East
When we look at investing for this year our tactical asset allocation team recommends credits, both investment grade and high yield.
National Oil and Gas Authority, HE Abdul Hussain bin Ali Mirza, Bahrain Minister of Oil and Gas
Today, the income from oil and gas constitutes about 80% of the government’s revenue. However, we were also the first GCC country to attempt diversification, in the 1960s and 70s. Thanks to those efforts, oil and gas now only constitute 24% of GDP at current prices (and 12% at constant prices).
Dr. Ed Hanley, Chief Executive of Tatweer Petroleum
In 2010, Tatweer spent a total of US$ 345 million through 200 contracts and 1,300 purchases; and created 240 new jobs, with many of them going to young Bahrainis. We are very much positive that our efforts will lead to maximizing the Field production capacity to triple in seven years’ time, reaching 100,000 barrels per day.
Bob Vincent, CEO of Bahrain Bay
Regarding economic growth and maturity, we are at the bottom of the curve and long term investors recognise that to do business it is necessary to ride that curve. Real-estate in general goes through five, seven and even nine-year cycles, and it is not different here in Bahrain Bay.