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</html>";s:4:"text";s:10233:"Bahrain eyes bond market move to plug budget deficit . The rebound of Bahrain’s real estate sector fuelled a 14% and 20% rise in real estate deals in the third and fourth quarter of 2020 respectively, with the total value of real estate transactions in Bahrain reaching $1.9 billion (BD 717.4 million) in 2020. The report covers the Kingdom’s economic data across various sectors, as well as an assessment of global and regional economic developments. OCT 28, 2020 | 08:00 - 09:00 GMT Webinar. The largest increase was in crude Washington, DC: On March 17, 2021, the Executive Board of the International Monetary Fund (IMF) concluded the 2021 Article IV consultation [1] with The Kingdom of Bahrain. Despite the Government’s past efforts to diversify the economy, oil still comprises 85% of Bahraini budget revenues. Data cited at: World Economic Outlook, April 2021, The International Monetary Fund. Bahrain Telecommunication Market Report (2020-2025) Bahrain Telecommunication report offers latest trends, explores new technologies, challenges, growth opportunities, and key emerging areas in the industry. The Global TB Report 2020 provides a comprehensive and up-to-date assessment of the TB epidemic, and progress in the response, at global, regional and country levels in the context of global commitments and strategies. London-based consultancy Capital Economics expects Bahrain’s economy to shrink by 4.5% over the whole of this year, before recovering some of … Economy 2020. Bahrain latest Gulf country to announce drastic spending cuts. The discovery of oil in 1932 brought rapid modernization to Bahrain. Global growth is projected at 6% in 2021, moderating to 4.4% in 2022. Particularly as the region’s largest economy, Saudi Arabia, continues to open up. An assessment on the Socio-Economic impact Impact of COVID-19 in Bahrain. Protests against joblessness, corruption, inequality in Tunisia in 2010 sparked a regional explosion of popular anger. Bahrain moved quickly to address the health, social, and economic effects of the COVID-19 pandemic, protecting … The crown prince and eldest son of the king, Salman bin Hamad al-Khalifa, was appointed as the new prime minister. Bahrain has been ranked among the Top 10 most improved economies in the world, according to the World Bank’s Doing Business 2020 report, up 19 places to 43rd in an assessment of 190 countries, that is based on the number of economic programs and legislative reforms each country has enacted, and on how much their ease of doing business score improved. The projections for 2021 and 2022 are stronger than in the October 2020 WEO. Fiscal and external deficits are expected to rise sharply in 2020, reversing the narrowing path observed in 2019. ... Special Report / Mon 19 Apr, 2021. Bahrain, like several other GCC states, has been building ties to Israel over the past three years and it hosted the June 2019 economic workshop that preceded the Trump Administration’s Israeli-Palestinian peace plan unveiled in January 2020. To keep the population of Bahrain informed of the socio-economic, arts and entertainment of the country and the MENA region, this blog publishes news in Arabic and English. The government’s swift vaccination campaign and strong investment in 5G services will mitigate some of the economic impact of the coronavirus pandemic. Bahrain PESTLE Analysis & Macroeconomic Trends Market Research Report. 40. The Case for Investment in Prevention and Control of Non-Communicable Diseases in Bahrain . Reports said an Israeli government delegation was on board the flight, which came days after the normalisation deals [File: Shealah Craighead/Anadolu] 23 Sep 2020 facebook Overall economic output is also expected to significantly . Bahrain will increasingly be United Nations Country Results Report for 2020. An Assessment of the Socio-Economic Impact of Covid-19 in Bahrain: Analysis of survey data from Bahrain and comparative surveys from the UK and the US. Bahrain was ranked 96th globally for fixed broadband speed, with an average 26.57 Mbps download speed. A global economic slowdown induced by the coronavirus pandemic pushed Brent crude prices down from $64 per barrel at the start of 2020 to a low of $23 in April 2020 … Bahrain to fall short of economic reform goals in 2019, 2020. A2. BAHRAIN MARKET REVIEW 2019 2018 2019 FIGURE 2 Ease Of Doing Business: Distance To Frontier Score 2019 Regional competitiveness Bahrain continues to be an attractive location for firms looking to setup a base in the GCC. This page provides forecast and historical data, charts, statistics, news and updates for Bahrain Consumer Price Index (CPI). Bahrain's Sizable Islamic Banking Sector Has Scope for Growth. The fiscal health indicator score for Bahrain is one of the lowest in the world. Bahrain's Economic Update — October 2020 Download Bahrain report: English Bahrain’s economy is expected to contract in 2020 due to lower international oil prices and the spread of COVID-19. Calendar of Report Releases. Gender parity is fundamental to whether and how economies and societies thrive. From The Report: Bahrain 2020 Benefitting from its robust financial services, industrial and manufacturing sectors, Bahrain’s economy is one of the most mature and diverse in the GCC. View More. 2020 United Nations E-Government Survey 10 July 2020. Report Methodology - Full Detail. 30. Published in March and September, these Interim reports provide updates to the projections, analysis and policy recommendations contained in the main Economic Outlooks released in May/June and November/December. Bahrain’s economy will shrink 5% this year because of low oil prices, although government stimulus measures should provide some support, S&P said. A final version of Bahrain's budget shows that non-oil revenues and government expenditures will fall below previous forecasts Earlier in May, Bahrain revised its budget, indicating that it may take longer than expected to balance the country’s budget. According to the IHS Markit’s latest Top-10 Economic Predictions report the future looks bright with global growth expected to stabilize at a rate of 2.5 percent in 2020 before edging up 2.7 percent in 2021. Barring major policy misstep, global growth will stabilize, with “green shoots” sprouting as 2020 progresses. Find Bahrain economy latest news & updates, videos and pictures on Bahrain economy and see latest updates, news, and information at Arabianbusiness ... Bahrain's GCC trade hits $5.7bn in 2020 despite coronavirus pandemic. 02 Webinars. Bahrain’s nominal GDP grew by 17.8% in 2011, an increase from the 11.8% nominal growth rate experienced in 2010. Bahrain’s economic outlook for the remainder of 2019 remains “challenging” due to weakness in government finances, limited prospects for oil sector growth and a general slowdown in the non-oil economy, according to a report from the Institute of Chartered Accountants in England and Wales (ICAEW) and Oxford Economics. World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2020, building on the lifetimes work of Angus Maddison. Middle East Global Economic Outlook Briefing. MANAMA, February 10, 2020. Posted on October 6, 2020. The OECD Economic Outlook is the OECD’s twice-yearly analysis of the major global economic trends and prospects for the next two years. The Global Gender Gap Report 2020. Skyline of the diplomatic quarter of Manama at twilight. ... Belgium beat Russia in comfortable start to Euro 2020. This is the finding of a new report, The Future of Jobs, published today by the World Economic Forum. March 22, 2021. IMF Executive Board Concludes 2021 Article IV Consultation with The Kingdom of Bahrain. Manama, July 6 (BNA): The Ministry of Finance and National Economy today published the Q1 2020 Bahrain Economic Quarterly report for the Kingdom of Bahrain on the Ministry’s website (www.mofne.gov.bh). Khalifa bin Salman al-Khalifa, the uncle of the current king, Hamad bin Isa al-Khalifa, was the country’s only prime minister between independence from Britain in 1971 and his death in November 2020. The latest, breaking international news from Gulf News, the UAE's No.1 English speaking newspaper For media inquiries about the ADP® National Employment Report™, please contact Joanna DiNizio at (973) 369-8167 or email Joanna.DiNizio@adp.com. Bahrain is the smallest country on the Persian Gulf with just over 1 million inhabitants, half of which being expatriates. The Economic Report is a comprehensive and up-to-date reference on the performance of the Kuwaiti economy, the developments witnessed in the main sectors and the changes in the internal and external balances. CENTRAL BANK OF BAHRAIN. On December 31, 2018, the Court of Cassation upheld a five-year sentence for Nabeel Rajab, head of the It says 2020 was a particularly challenging year for SIDS that are highly vulnerable to external economic and financial shocks, at least 35 per cent more than other developing countries, according to the report. The Report also sheds light on the State's economy and the effect of those developments on the local monetary and banking sector. Despite receiving support from international institutions, Yaounde recorded its worst economic performance in two decades. In May 2020, Speedtest ranked Bahrain 40th globally for mobile internet speed, with an average 38.62 Mbps download speed. Low oil prices have generated a budget deficit of at least a $3.5 billion deficit in 2017, nearly 10% of GDP. An alternative index, published by the Fraser Institute, puts Bahrain in 70th place. Non-oil GDP is likely to contract by 5.1% y-o-y while the oil sector economy On March 17, 2021, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with The Kingdom of Bahrain. Economic Forecast Summary (December 2020) GDP is set to contract again in the fourth quarter of 2020 as virus containment measures are implemented, and to fall by 11.2% in 2020 as a whole. The programme succeeded in increasing the contribution of manufacturing to GDP by 17.4 per cent in 2015. 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