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Bahrain Airlines
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Bahrain Business Directory
Business Brief Archive
Bahrain's Economy
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Days Hotel Manama
The 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 Apartments
Situated 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 Creek
Located 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 Hotel
The 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 Hotel
luxurious, Elegant & Comfortable Guest Rooms. Airport - MED (18 km). Check-in/Check-out: 3:00 PM / 12:00 PM.....
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The Westin Jeddah
The 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:-
- Internet country
code: .bh
- Internet hosts:
1,334 (2003)
- Internet users:
195,700 (2003)
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:
- agriculture: 0.7%
- industry: 41%
- services: 58.4% (2004 est.)
Population
below poverty line: NA%
Household income
or consumption by percentage share:
- lowest 10%: NA%
- highest 10%: NA%
Inflation
rate (consumer prices): 2.1% (2004 est.)
Labour
force: 370,000 (2004 est.)
Note: 44% of the population in the 15-64 age group is non-national (2004
est.)
By occupation:
- Industry, Commerce, and Service 79%
- Government 20%
- Agriculture 1% (1997 est.)
Unemployment
rate: 15% (1998 est.) - 295,000 (1998 est.)
Budget:
Revenues: $3.825 billion
Expenditures: $3.262 billion, including capital expenditures of
$700 million (2004 est.)
Industrial
production growth rate: 2% (2000 est.)
Electricity
Production:
5.819 billion kWh (2001)
Production by source:
- fossil fuel: 100%
- hydro: 0%
- other: 0% (2000)
- nuclear: 0%
Consumption: 5,361.45 million kWh (2000)
Exports: 0 kWh (2000)
Electricity imports: 0 kWh (2000)
Agriculture
products:
- Fruit
- Vegetables
- Poultry
- Dairy products
- Shrimp
- Fish
Exports:
$8.205 billion (2004)
Commodities:
- petroleum and petroleum products
- aluminium
- textiles
Partners:
- US 2.9%
- Saudi Arabia 32.4%
- UAE 2.2%
(2004)
Imports:
$5.87 billion (2004 est.)
Commodities:
- crude oil
- machinery
- chemicals
Partners:
- Saudi Arabia 32.4%
- US 5.6%
- UK 5.4%
- Germany 6.1%
- France 4.8%
- Japan 7.3% (2004)
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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