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imported 2024-03-17 17:43:07

Banking in Bahrain: Outlook, Growth and Perspectives

The banking sector has seen some consolidation in recent months, most notably among Islamic banks. Ithmaar Bank last year announced its merger with First Leasing Bank, in January of this year there was an announcement of the 3-way merger between Elaf Bank, Capital Management House and CAPIVEST to create an international bank with assets in excess of US $400 million, and the national bank of Bahrain and GOSI took over 52% of the Bahrain Islamic Bank.

Migrant Workers in Bahrain

The 2010 census reported that there were about half a million nationals in Bahrain and about 666,000 non-Bahrainis make up about 54% of the total population. With the 2011 uprising many are asking about the future of migrant works in Bahrain, migrant workers rights and relationship between non-native populations and Bahrainis.

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