More Filters
There were 1402 results found for:

All Regions and All Sectors

Overview

Significant developments under way in Bahrain's transport sector
OBG
plus

With construction under way on the $1.1bn expansion of its international airport and a further $700m investment being made on road and bridge building, Bahrain is working hard to improve its connections to the rest of the world while shortening journey times for its residents. Public transit is also a priority. After one year of operation, the average daily ridership had risen to more than…

Overview

New initiatives in Bahrain's education sector target higher standards, appropriate skills
OBG
plus

As Bahrain continues to move from an oil-dependent economy to a more knowledge-based one, education is taking a driving seat in training the next generation of young Bahraini citizens in how to prosper in this new landscape. While education has long been a priority, the focus right now is on raising overall standards, from primary education on up. Perhaps the biggest changes taking place are…

Overview

Bahraini government liberalises health care market, improves care for growing population
OBG
plus

A rise in population is slowly putting pressure on Bahrain’s public health care sector, which is the oldest in the GCC region, with the first modern hospital in the Gulf established in Bahrain in 1902. The health care sector in Bahrain has historically been heavily dependent on government-run facilities and public funding, but moves in recent years have set in motion the growth of the private…

Overview

Bahrain takes long-term view with significant investments in upstream and downstream industries
OBG
plus

From heavy industries largely owned by government entities to regional headquarters for multinational companies, Bahrain has a vibrant manufacturing sector that is growing steadily and playing an increasingly important role in the economy. The global downturn in both crude oil and commodities prices squeezed profit margins despite record production by Bahrain’s petrochemicals plants and aluminium…

Overview

Key infrastructure developments, tech-savvy population bode well for telecoms companies in Bahrain's ICT sector
OBG
plus

Bahrain’s involvement in telecoms goes all the way back to the mid-19th century when the island became a way station for the telegraph cable linking India and Europe. The kingdom was also the first country in the Middle East to launch internet services in 1995, and was the first country in the GCC region to liberalise and open up its ICT sector to investment. Bahrain now has a solid telecoms…

Overview

Major developments help to establishment Bahrain as regional ICT centre
OBG
plus

The ICT sector in Bahrain is now a major pillar of the economy, and also one of the core sectors Bahrain is focused on developing, both to attract direct foreign investment but also to grow human resources and help propel Bahrain as a regional ICT centre. Recent years have seen a significant expansion in the ICT landscape, as well as a push towards cutting edge technologies. The country’s…

Overview

Summary of accounting practices in Bahrain
OBG
plus

The two main general frameworks governing the preparation and presentation of the financial statements are the International Financial Reporting Standards (IFRS) and the Generally Accepted Accounting Principles (GAAP). ACCOUNTING STANDARDS: IFRS are designed as a common global language for business affairs so that company accounts are understandable and comparable across international boundaries. These…

Overview

Overview of legal restrictions on offering investment products in Bahrain
OBG
plus

The tightening of banking rules and regulations has been an ongoing pattern worldwide, particularly following the global financial crisis of 2008-09. The effect of this has certainly been observed in Bahrain, especially when examining the current regulations applicable to the marketing and provision of discretionary investment management services (investment services), and the marketing and…
Interview

Jean-Christophe Durand, CEO, National Bank of Bahrain (NBB): Interview
OBG
plus

Interview: Jean-Christophe Durand With the government deficit currently around 15% of GDP, how do you see Bahrain’s fiscal situation evolving over the next few years? JEAN-CHRISTOPHE DURAND: Given the outlook of low oil prices in the medium-term, fiscal deficit will continue to be a challenge for the government. Bahrain has taken several measures to ease the financial burden, such as lifting subsidies,…
Interview

Khalid Al Rumaihi, Chief Executive, Bahrain Economic Development Board: Interview
OBG
plus

Interview: Khalid Al Rumaihi How can Bahrain best capitalise on its head start on diversification in comparison to most other Gulf states? KHALID AL RUMAIHI: Encouraging the growth of small and medium-sized enterprises (SMEs) and start-ups is a top priority for Bahrain, as it will help to ensure we are able to deliver high-quality jobs for Bahrainis. The government is committed to continuing to support…