Growing demand for more sophisticated financial products and services helped drive growth in Bahrain's financial sector during last year, according to the Economic Development Board (EDB) and Central Bank of Bahrain (CBB).
The Bahrain Economic Development Board (EDB) has announced its sponsorship of the third biannual Bahrain International Airshow (BIAS), which opens tomorrow (January 16) at the Sakhir Air Base.
The event, organised by the Ministry
Bahrain's headline gross domestic product (GDP) growth for the year is expected at close to five per cent, a report said, highlighting that the expansion was driven by substantial gains in the oil and gas sector.
Bahrain's gross domestic product (GDP) grew by 4.2 per cent in the in the first quarter of this year, bolstered by the return of Abu Sa'afa oilfield to full capacity after unscheduled maintenance last year, a report said.
Bahrain's economic growth rate will reach 5.6 per cent this year, driven largely by the expected normalisation in oil production from the Abu Sa'afa offshore oilfield, as well as planned expansion in the onshore Bahrain Field production.
Tourism, services and telecommunications emerged as "champion" sectors driving Bahrain's economic growth in the last decade, according to a report by Economic Development Board (EDB).
The study attributes the positiv
The number of women joining the private sector in Bahrain has increased by 73.5 per cent in 2010 to more than 25,000 compared with 2002, as against 45 per cent in the public sector, a report said.
Despite all efforts being made to
Bahrain Economic Development Board (EDB) will launch a new initiative focused on engaging the business community in a series of development and networking opportunities at the upcoming Formula One.
Gulf Air Bahrain Grand Prix will
Bahrain’s Economic Development Board (EDB) is set to highlight the kingdom’s banking sector at a major international conference to be held in Tokyo later this year.
The EDB has signed an agreement to sponsor the Bahrai
Insurance is a strong driver of growth in the financial sector in Bahrain, and its contribution to the gross domestic product climbed to eight per cent in 2011 from three per cent in 2003, the Economic Development Board (EDB) said in a quarterly r