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Days Hotel ManamaThe Days Hotel Manama is located just 5.84 miles away from Bahrain International Airport. Situated in the heart of Manama, close to the business district, other commercial and shopping centers. Ideal for business and leisure travelers alike. Every room in Days Hotel Manama is luxuriously appointed to cater on every guests needs. The captivating vie.....
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Elite Two - Luxury ApartmentsSituated in Mahooz . Bahrain's preferred residential area. Tastefully appointed property offering luxurious sea facing two bedroom Apartments Each individually designed and furnished Equipped with state of the art gymnasium and Indoor pool Steam Sauna, offering a range of free to air cable channels and DVD's Located with easy access to shopping, ea.....
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Hilton Dubai CreekLocated on Dubai Creek, this stylish boutique hotel is the obvious choice for business and leisure travellers alike. All 154 guest rooms combine tranquillity with a breathtaking view of the Creek and city. The stunning steel-and-glass building was designed by the celebrated architect Carlos Ott. Hilton Dubai Creek offers unique and unrivalled dinin.....
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Metropolitan Deira HotelThe Metropolitan Deira Hotel was built in 1998 and thus like much of Dubai is a modern building. The facade of the hotel is steel and glass whilst inside it has a cosy small hotel feel with an ambience which is relaxed and friendly. Despite the central position of the hotel in bustling Deira, the hotel is not located on a a main street thus it rema.....
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Madinah Marriott Hotelluxurious, Elegant & Comfortable Guest Rooms. Airport - MED (18 km). Check-in/Check-out: 3:00 PM / 12:00 PM.....
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The Westin JeddahThe cosmopolitan city of Jeddah embraces 2,500 years of tradition and the hotel is located at the citys most fashionable address, the North Corniche. Five restaurants, an outdoor pool (with poolside services), hot tub, and fitness center with sauna are on site. Massage services are also available.he cosmopolitan city of Jeddah embraces 2,500 years .....
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In 2006 the United Nations Economic and Social Commission for Western Asia found that Bahrain has the fastest growing economy in the Middle East thanks to an unprecedented oil boom. Bahrain also has one of the freest economies in the World being ranked 25th freest in the world as published by the Heritage Foundation/Wall Street Journal in 2006 and is ranked first as the freest economy in the Middle East. See 2006 Index of Economic Freedom.
Bahrain’s main export is oil accounting for 60% of its Export receipts & 30 % of its GDP and so Bahrain’s economy is tied very closely to the price of oil which has been very high for the last few years resulting in a boom for Bahrain. This has not always been the case and during the 80’s when oil prices where at an all time low, Bahrain suffered an economic down turn which resulted in the Bahrain government looking at ways it could diversify away from the dependency of oil revenue.
The outcome of Bahrain’s economic diversification was the concentration on becoming a key financial & banking centre for the Middle East and an increase in investment in Tourism via the Bahrain F1 track and improvements in upgrading the tourist infrastructure.
As a result of these changes an increasing number of financial based companies trading in the Middle East now have their head offices based in Bahrain due to the freeing up of red tape and the change in law allowing companies to be based in Bahrain without having to take a local sponsor. I.e. foreign nationals can now have 100% ownership of a business based in Bahrain.
In 2004, Bahrain signed the US-Bahrain Free Trade Agreement, which reduced certain barriers to trade between the two nations.
Long term problems faced by the Bahrain economy :-
1) The depletion of natural oil reserves
2) The high unemployment amongst its younger population resulting in occasional bouts of civil unrest. Bahrain recently became the first Middle-eastern country to institute unemployment insurance.
3) The current instability within the region. Bahrain has invested heavily in tourism and could one day rival the likes of Dubai, however tourist are a fickle bunch and political and military unrest in the region can easily put of the average traveller, who will opt for a safer country rather then risk the chance of holidaying in a troubled region.
Bahrain Internet Figures:-
Product and service sectors in Bahrain-include:
GDP Purchasing power parity - $13.01 billion (2004 est.) Real growth rate: 5.6% (2004 est.) Per capita: purchasing power parity - $19,200 (2004 est.) Composition by sector:
Population below poverty line: NA% Household income or consumption by percentage share:
Inflation rate (consumer prices): 2.1% (2004 est.)
Labour
force: 370,000 (2004 est.)
Unemployment rate: 15% (1998 est.) - 295,000 (1998 est.)
Budget:
Industrial production growth rate: 2% (2000 est.) Electricity Production: 5.819 billion kWh (2001) Production by source:
Consumption: 5,361.45 million kWh (2000)
Agriculture products:
Exports: $8.205 billion (2004)
Commodities:
Partners:
Imports: $5.87 billion (2004 est.) Commodities:
Partners:
Debt: External: $6.215 billion (2004 est.)
Economic aid Recipient: $150 million (2002)
More Information :
Source for figures - CIA Factbook & wikipedia.org Page last updated 12/08/2007 |
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