The Report: Bahrain 2017Oxford Business Group Like its Gulf neighbours, Bahrain has continued to offset the effects of the drop in oil prices with a host of measures, including moves towards subsidy reduction, now in place to ease the pressure. Despite the downturn, however, the country has continued to push ahead with many big-ticket projects. Counter-cyclical spending in the energy sector is expected to stand the broader economy in good stead in the years to come, as expansion boosts the country’s refining capacity and provides a reliable supply of fuel for its heavy industries. Indeed, manufacturing continues to play a significant role, with the $3bn project to build a sixth potline for Aluminium Bahrain representing the company’s largest expansion since potline five came on-stream in 2005. The kingdom’s financial sector has long been a dominant player in the region, and despite increasing competition from emerging financial centres in the region, continues to benefit from an advanced regulatory framework, an educated workforce and a relatively low-cost environment. |
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02BH17_Country Profile | 10 |
03BH17_Economy | 26 |
04BH17_Banking | 46 |
05BH17_Capital Markets | 62 |
06BH17_Islamic Financial Services | 75 |
07BH17_Insurance | 89 |
08BH17_Energy | 97 |
09BH17_Transport | 110 |
11BH17_Industry | 142 |
12BH17_Tourism | 156 |
13BH17_Education | 173 |
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15BH17_TelecomsIT | 191 |
16BH17_Tax | 201 |
17BH17_Legal | 209 |
18BH17_Guide | 219 |
10BH17_ConstructionReal Estate | 124 |