imported 2024-03-17 17:43:06
Bahrain Top Stories
Direct and Indirect Effects of the Crisis on Bahrain
A major blow to both Bahrain’s economy and prestige was the cancellation of the 2011 Formula 1 Grand Prix races, originally scheduled for March, due to the unrest.
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.
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).
Faisal Al Mahroos, CEO of BAPCO (Bahrain Petroleum Company)
Oil provides a major support for Bahrain’s economy. It accounts for 80% of Bahrain’s export revenues and 20% of Bahrain’s GDP comes directly from the oil industry.
Osama Al Khajah Chairman of Baytik Industrial Oasis
The challenges of the Bahrain industry as of today are still access to natural resources, mainly the energy through gas. The other challenge is the limitations of industrial land.
Bahrain Sector Analysis
Special Story Behind Forming Gulf Petrochemical Industries Company with Excellent Track Record for Safety and Environmental Protection
GPIC’s Bottom Line: “We are debt-free and cash-rich, so it’s a tough period,” says GPIC’s General Manager
Abdulrahman A.Hussain Jawahery, President of Gulf Petrochemical Industries Co. (GPIC) and Member of Parliament – Biography
AG fertilizer producers are expected to continue to play a strategic role in meeting this challenge by contributing towards international efforts to increase food production by substantially increasing their share of exports.
Dr. Hassan A. Fakhro, Bahrain Minister of Industry & Trade
How much easier it is to be critical than correct (Disaeli). I would ask those who would criticize Bahrain, to look to their own countries
Morocco Sector Analysis
Morocco Industry: Textiles Leading the Industry
The textile industry, though relatively new in its current incarnation, is one of the most important segments of the Moroccan economy. In 2010, the export turnover in textiles totaled 28.3 billion, and grew at a rate of 5% over the previous year. With 200,000 employees, the textiles also constitute a significant part of the labor force.
Bahrain’s largest industry companies are in Aluminuim manufacturing and processing. Due to cheap energy Bahrain is home to one of the largest smelters in the world. Bahrain has also steel and iron industries.
