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Latest Economy of Bahrain Stories

2013-01-15 12:25:55

MANAMA, Bahrain, Jan. 15, 2013 /PRNewswire-USNewswire/ -- According to the annual index of economic freedom published by the Heritage Foundation and the Wall Street Journal, Bahrain remains the Middle East North Africa (MENA) region's most economically free country. The Kingdom of Bahrain also ranked 12th out of 177 economies worldwide and is the only MENA country in the top 20. Hong Kong was ranked first on the list. Singapore, Australia, New Zealand, Switzerland, Canada, Chile,...

2012-10-04 14:21:41

MANAMA, Bahrain, Oct. 4, 2012 /PRNewswire-USNewswire/ -- Bahrain will increase the percentage of its domestic food production from 20 to 60 percent of total annual food consumption by 2016. Citing food security concerns, Bahrain will promote the role of small farmers and local business to boost domestic food production and build Bahrain's domestic agriculture industry. Based on Bahrain's Economic Vision 2030, a plan to foster sustainable development and market growth, private business...

2012-09-24 10:25:05

Bahrain Ranked First in Middle East/North Africa in Fraser Institute Ranking of World's Freest Economies MANAMA, Bahrain, Sept. 24, 2012 /PRNewswire-USNewswire/ -- Bahrain ranked first as the most economically free nation in the Middle East/North Africa region in the Economic Freedom of the World: 2012 Annual Report by the Fraser Institute, a top-tier international think tank. Placing ahead of the United States and Japan, Bahrain scored 7.94 out of 10 in an index measuring the degree...

2012-06-08 14:21:25

MANAMA, Bahrain, June 8, 2012 /PRNewswire-USNewswire/ -- In a testament to Bahrain's strategic position in the Gulf, Foreign Direct Investment Magazine ranked three Bahraini economic zones as top locations for inward investment, economic development and business expansion globally. The report named Bahrain International Investment Park (15th worldwide), Khalifa Bin Salman Port (16th worldwide) and Bahrain International Airport (19th worldwide) to its Global Free Zones Rankings....

2012-05-22 06:21:37

MANAMA, Bahrain, May 22, 2012 /PRNewswire-USNewswire/ -- Bahrain 's energy sector is posed for significant growth over the next several years, the country's Energy Minister Dr. Abdulhussain Mirza said."Although being one of the smaller countries in the region, Bahrain, in its own right, will attract about $20 billion over the next 15 years," he said.Demand for oil in the Middle East has been on a steady rise, causing concern over supply levels, according to Dr. Mirza. This year, consumption...

2012-01-19 06:17:00

MANAMA, Bahrain, January 19, 2012 /PRNewswire/ -- The Bahrain Economic Development Board (EDB) is pleased to announce that AeroThrust Holdings LLC, USA has formally concluded a joint venture agreement with Bahraini partners to establish AeroThrust Gulf Aviation Services W.L.L in Bahrain. This follows a proactive outreach and consultation process by the EDB to support the decision to invest in Bahrain, as well as continuing support around the registration process. The...

2012-01-03 11:54:00

MANAMA, Bahrain, Jan. 3, 2012 /PRNewswire-USNewswire/ -- Acting on a National Dialogue recommendation to collaborate more with the private sector on infrastructure projects, Bahrain yesterday signed a contract with an independent company to build more than 4,000 low-income homes over the next three years. "We certainly want to use our own resources in mega developmental projects and encourage private sector and local investors," Housing Minister Basem Al Hamer said. The deal, signed with...

2011-08-30 15:49:00

MANAMA, Bahrain, Aug. 30, 2011 /PRNewswire-USNewswire/ -- Bahrain's economy posted strong second quarter results, indicating Bahrain's quick recovery and strong economic outlook. During the second quarter, the country's economy grew 19.8 percent at current prices compared to the same quarter last year, the Central Informatics Organization (CIO) said. "Bold decisions taken by Gulf governments during the recent incidents, particularly Saudi Arabia and the UAE, have helped boost business...

2011-07-04 15:39:00

MANAMA, Bahrain, July 4, 2011 /PRNewswire-USNewswire/ -- Bahrain International Airport (BIA) will begin a new expansion program that is expected to increase the airport's capacity by 50 percent. "The plans we are initiating for an expanded international airport are essential to Bahrain's continued development, not only in providing businesses in Bahrain with the access they demand for the future, but also in bolstering the growing aviation and logistics industry in the kingdom," said...

2011-03-17 17:28:00

MANAMA, Bahrain, March 17, 2011 /PRNewswire-USNewswire/ -- The government of Bahrain Thursday reopened the stock exchange, several banks and the central bank, a sign that normalcy is returning to the island kingdom's financial markets. Despite Manama's financial center being blocked by police, the stock market resumed trading at its emergency location. The stock exchange closed Wednesday after Bahrain declared a three-month national safety period. A spokesman for the exchange said it...