Bahrain
Bahrain Facts & Figures Map of Bahrain
Discover the Eastern Home of the King of the Pop
Bahrain Banking – The banks, the harbour, and the capital
“Although Bahrain banking have of course been affected by the international crisis, Bahrain Banking has been able, thanks to good capitalization and capital liquidity, to weather the situation nicely in 2008 – 2009” Abdul Karim Bucheery – CEO of BBK
Gulf Air: global carrier with a rollercoaster history
“Bahrain is a growing Kingdom. It has a strong vision for 2030. We are part of the development of the Kingdom. So, we need to make sure to connect to businesses. We still have the strongest Middle East network geared to the business needs of business travelers.” Björn Näf – former CEO of Gulf Air
Bahrain Energy Sector: transforming money into power
In July 2008 the energy price boom reached its peak when it hit $147 per barrel, before plummeting below $40 at the end of last year and recently stabilizing at around $70. In order to reach break-even, which means earning $1 after costs by selling oil, Bahrain needs an average price of $77 per barrel of oil.
How Bahrain’s construction and real estate is weathering the crisis
“We are creating a unique concept in Bahrain real estate scene a city for all strata of people who are socially driven. Something that may not ever have been offered in Bahrain real estate or maybe anywhere in the real estate world.” Aaref Hejres – CEO of Diyar Al Muharraq
Bahrain zone – Making of a world logistics hub
“Bahrain has always been a trade zone in this region. Bahrain logistics zone and Bahrain has always been a centre of shipment to the rest of the northern Gulf.” Hassan Al Majed – Director General of the General Organization of Sea Ports Authority
Iconic Bahrain – Skyscrapers, Date Palms and the Formula 1
Besides identifying Bahrain with the Formula One brand on TV screens around the world, the event has become a lucrative business. “In 2008, it generated 600 million USD for its direct and indirect economic impact; and on top of that it has changed people’s perceptions of how they view the Middle East”, says Martin Whitaker, CEO of the BIC.
Bahrain Industry is Getting Green
The global fever for alternative energies has also hit the Gulf region and Bahrain industry. The iconic Bahrain World Trade Centre (BWTC) became the symbol for a carbon-rich region being in need to diversifying its energy sources and to make Bahrain industry green.
Bahrain: “The Island of 1000 Smiles” is seeking new passion
By striving to be in the first rank of global business leadership, Bahrain has achieved a long series of “firsts” in order to rapidly move into a major leadership role in world banking, finance, business opportunity, tourism, high-performance sport, education, and culture.
Bahrain Economy Overview
Dr. Ala’a Al-Yousuf, Chief Economist of Gulf Finance House Bahrain economy is expected to slow sharply in 2009 to 3% after growing by 8.1% and 5.7% in 2007 and 2008 respectively, as regional growth moderates and government finances are squeezed.