Analysis

Open-banking platforms and cryptocurrency exchanges revolutionise Islamic finance in Bahrain
OBG
plus

A number of innovations have supported the efforts of the Central Bank of Bahrain (CBB) to transform the country into a leading regional centre for financial technology (fintech). These include several sharia-compliant solutions that could offer significant benefits to Bahrain’s growing Islamic financial services sector. Following the creation of a regulatory sandbox, a new open-banking interoperable…

Analysis

Major offshore oil and gas discovery sets Bahrain up for long-term growth
OBG
plus

In early 2018 Bahrain announced the most significant recent oil and gas discovery in the kingdom since the 1930s, located in the offshore Khaleej Al Bahrain basin (KABB). Should the basin offer sufficient amounts of recoverable reserves, new production will push Bahrain to regain its status as a major regional oil and gas producer, in addition to offering significant benefits to its downstream…

Analysis

Bahrain's National Renewable Energy Action Plan to increase large-scale solar projects
OBG
plus

Under the auspices of the National Renewable Energy Action Plan (NREAP), Bahrain is actively seeking to boost renewable energy’s contribution to the energy mix. Development of new solar power projects will be an important component of implementing the NREAP, and the government has made good progress on advancing its solar agenda over recent years. While the NREAP emphasises decentralised,…

Analysis

Roadworks to reduce congestion in Bahrain
OBG
plus

While the King Hamad Causeway is the most high-profile road transport project under development in Bahrain, the government is also moving to invest heavily in its domestic road network, with work set to resume on upgrades that had been stalled for years. Easing congestion and improving logistics networks are high priorities for Bahraini stakeholders, which should see investment in this segment…

Analysis

Incentives attract food and fast-moving consumer goods manufacturers to Bahrain
OBG
plus

Recent years have seen direct investment growing in Bahrain’s manufacturing sector. According to the Economic Development Board (EDB) – the kingdom’s export promotion agency – investment in manufacturing rose by 18% in the five years to 2018, and by 4.3% during the first half of 2018. Figures for full year 2018 show that the manufacturing, transport and logistics sectors accounted for…

Analysis

Positive forecast for aluminium creates economic gains for Bahrain
OBG
plus

As one of the world’s top-10 aluminium producers, Bahrain’s raw and value-added aluminium shipments account for the bulk of non-oil exports. With recent rises in manufacturing investment, the sector is set for a year of significant growth in 2020. Majority-state-owned smelter Aluminium Bahrain (Alba) is leading the implementation of the Line 6 expansion project to offer a major increase…

Analysis

Diversified entertainment options at malls attract tourists to Bahrain
OBG
plus

With the GCC retail sector valued at $253.2bn in sales in 2018 and tourists one of the main sources of mall footfall across the region, Bahrain is keen to consolidate its position as an important regional and international shopping destination. A major expansion of the kingdom’s mall offering is under way, while the upgrade and expansion of Bahrain International Airport is set to increase…

Analysis

Start-ups in Bahrain benefit from supportive ecosystem
OBG
plus

With highly developed ICT infrastructure and a raft of government and private sector-backed incubation and development programmes, Bahrain’s start-up scene is built on a strong foundation. This enabling environment is helping many new firms to develop innovative ideas and personal passions into bankable businesses. As a result, the kingdom continues to see high demand for incubator and accelerator…

Overview

Regional integration and multilateral agreements among emerging economies to boost trade
OBG
plus

Global trade faces protectionist headwinds that are dampening the outlook for growth in the coming years. According to the World Trade Organisation (WTO), trade volumes expanded by 3% in 2018 and are expected to decline slightly to 2.6% in 2019 before rebounding to 3% in 2020. This may be the first time since the 2007-08 global financial crisis that growth will fall below a 3% average, as significant…

Overview

Investment in education technology surges worldwide
OBG
plus

In an era characterised by profound technological disruption and intense global competition in new frontier industries, emerging markets are striving to improve and adapt their education systems to meet the demands of the modern economy and the needs of their citizens. As such, innovative solutions are increasingly being developed to address barriers within traditional education systems. Education…