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Economic View

Reyadh Yousif Sater, Chief Executive, BBK, on the benefits of clear regulations and diversification in difficult times

How does Bahrain’s general economic environment affect the financial sector? REYADH YOUSIF SATER: We are in the midst of interesting and complex times, not only in Bahrain but also across the region and the rest of the world. There are currently significant geopolitical challenges facing the world like the fact that major economies such as China are growing at a slower pace, while at the…
Event

Middle East Refining Technology Conference (MERTC)

The inaugural MERTC will be a premier meeting place for downstream technology and innovation. Five key highlights for January’s inaugural event: 1. Exclusive keynote address We are delighted to welcome Minister Shaikh Mohammed bin Khalifa bin Ahmed Al Khalifa who will open MERTC with a keynote address and an exhibition inauguration 2. Esteemed Advisors and Speakers Other big name keynotes covering…
Economic News

Strength and consolidation in Bahrain’s Islamic banking sector

Regulators are encouraging mergers and acquisitions in Bahrain’s Islamic banking industry in a bid to cement the country’s position as one of the world’s leading sharia-compliant financial centres. In early December the governor of the Central Bank of Bahrain (CBB) repeated calls for the country’s Islamic lenders – of which there are currently six retail and 18 wholesale – to consider…
Economic News

Bahrain Year in Review 2016

Buoyed by the solid performance of the non-oil sector, Bahrain’s economy has maintained steady growth throughout 2016, though future development could be impacted by rising public debt. Non-oil activity, which accounts for 80% of GDP, expanded by 2.7% year-on-year (y-o-y) in the first quarter of the year and 3.6% in the second, according to the latest quarterly report from the Bahrain Economic…
Event

23rd Annual World Islamic Banking Conference

The World Islamic Banking Conference (WIBC) has established its reputation as the world’s largest and longest-running platform among global Islamic banking and finance leaders for over 23 years. With the strategic support of the Central Bank of Bahrain, WIBC 2016 is set to continue the legacy of the excellence, innovation and growth gained in the past two decades by introducing fresh topical content…
Economic News

Bahrain to expand social housing stock

A number of new developments and initiatives are deepening Bahrain’s pool of government housing, offering opportunities for a wide range of investors and industries. In early October Prime Minister Sheikh Khalifa bin Salman Al Khalifa announced that the construction of 5000 units at the East Sitra housing project would begin before the end of this year, though no date for a contract tender was set. The…
Economic Snapshots

Bahrain Economy Infographic 2016: Building the foundation

Higher construction and real estate activityhashad a knock-on effect on the Bahraini economy, boosting a wide range of sectors. Banking: Lending On The Rise - Although lending in Bahrain has seen strong growth in recent years, the capital adequacy ratio was at 17.6% as of March 2015, well above the 12.5% minimum. Insurance: Prudent Regulation - Bahrain’s robust yet accommodating…
Economic View

Abdulrahman Jawahery, President, Gulf Petrochemicals Industries Company (GPIC), on sustainability issues

Why should investment continue despite the current economic climate? ABDULRAHMAN JAWAHERY: The decision to build a liquefied natural gas (LNG) terminal in Bahrain is the best thing to happen to its energy strategy since the discovery of oil decades ago, and is a perfect example of why investment should continue or accelerate even at a time of low prices. The new LNG terminal is a requirement to…
Economic News

Bahrain to meet domestic energy demand with new LNG terminal

Central to Bahrain’s plans of both becoming a gas hub and meeting rising domestic energy demand is a new liquefied natural gas (LNG) terminal and regasification facility, the Bahrain LNG Import Terminal. Announced last year and slated to come on-line in early 2019, the Bahrain LNG Import Terminal will be located in Hidd industrial area on Muharraq Island and operated by Bahrain LNG W.L.L Company,…

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Saudi Arabia is a socially conservative country, and interaction between unrelated men and women is prohibited. Businessmen should wait for a woman to offer her hand to shake in a meeting. In all other situations, keep a respectful distance. Handshakes between men are common. Saudis pride themselves on their hospitality, and it is impolite to begin business without engaging in some small talk first.…