|Stranded aluminum wire|
|Special purpose ships|
Bahrain, officially the Kingdom of Bahrain, is a small island country situated near the western shores of the Persian Gulf in the Middle East. It is an archipelago of Bahrain Island, the largest land mass, at 55 km (34 mi) long by 18 km (11 mi) wide. Saudi Arabia lies to the west and is connected to Bahrain by the King Fahd Causeway while Iran lies 200 km (124 mi) to the north across the Persian Gulf. The peninsula of Qatar is to the southeast across the Gulf of Bahrain.
The Kingdom of Bahrain has for quite some time been viewed as a key exchanging post amongst East and West. Its history backpedals over 4,000 years when the Dilmun civilization lay at the core of the world's exchange courses. In present-day times, Bahrain was the principal country in the Gulf to find oil - and the first to perceive the need to expand its economy. Today, Bahrain's closeness to real oil makers and well-to-do markets has added to its fruitful advancement as recognized universal keeping money and budgetary focal point of perfection. This is confirmed by the surprising nearness of neighborhood, local and major worldwide budgetary establishments, all of which have exploited the numerous open doors for managing an accounting business that exists in the Kingdom. The nation along these lines plays host to more than 400 money-related organizations undertaking different managing an account exercises and speaks to an interesting mix of nearby, provincial and worldwide names, and additionally offering a decent variety of monetary administrations and items. Bahrain has likewise developed as the world's head Islamic money related focus, with 26 Islamic banks and nine Islamic protection (Takaful) organizations working from the Kingdom. The benefits of the 118 banks authorized by the Central Bank of Bahrain totaled US$ 201.1 million in September 2012. The managing an account and monetary division utilizes more than 14,000, of which 66 percent are Bahraini nationals and 33% are ladies
|Agriculture||Fruit, vegetables, poultry, dairy products & shrimp.|
|Manufacture||Petroleum processing and refining, Aluminum Smelting, Iron Pillarization, Fertilizers & Ship Repairing.|
|Services (Including financial)||53% (2013 estimate)|
|ABC Islamic Bank||Banking|
|Aluminum Bahrain||Basic material|
|Arab Banking Corporation||Banking|
|Stranded aluminum wire|
|Special purpose ships|
The Bahrain Stock Exchange (BSE) was set up in 1987 by Amiri Decree No.(4) and authoritatively started operations on 17 June 1989, with 29 recorded organizations. It worked as a self-sufficient establishment regulated by an autonomous Board of Directors, led by the Governor of the Central Bank of Bahrain. Bahrain Bourse (BHB) was set up as a shareholding organization by Law No. 60 for 2010 to supplant BSE. Starting at 2015 50 organizations were recorded in the trade. The trade works from Sunday to Thursday. Starting at 2015 outsiders can buy, claim or offer securities, units of shared supports, and warrants of household business entities. Outsiders who dwell in Bahrain for one year or more are qualified for procurement, possess, as well as exchange up to 49% of a household business entity values. In any case, an individual outsider may not claim over 1% of an organization's issued capital. There are ten organizations that are totally open to outside financial specialists; Arab Banking Corporation (ABC), Arab Insurance Group (ARIG), Ahli United Bank(AUB), Al Baraka Banking Group (BARKA), Bahrain Middle East Bank (BMB), Ithmaar Bank (ITHMR), Investcorp Bank (INVCORP), Bahrain Shamil Bank (SHAMIL), Al Salam Bank (SALAM), and TAIB Bank (TAIB). Outside security holders are lawfully qualified for appreciate every one of the advantages of the responsibility for of residential business entities. They have voting rights on all issues submitted for endorsement and get profits and different disseminations without being liable to tax assessment.
The 2008 worldwide money related emergency that began in the U.S. in 2007 has given a wide cluster of effects to the working and budgetary execution of many banks everywhere throughout the world. As one of the outcomes, the budgetary emergency has raised open's enthusiasm on Islamic banks since they are said to be moderately considerably less influenced by the emergency. Various specialists and authorities of Islamic banks have even asserted that Islamic banks are either not or less influenced by the worldwide budgetary emergency than ordinary companions because of the idea of Islamic saving money in which every single monetary exchange must be exchange-based and resource connected. With a long history of saving money industry; especially Islamic managing an accounting industry, the effect of budgetary emergency towards Islamic saving money execution in Bahrain. To huge commitment towards the current written works on the connection between money related emergency and managing an account monetary execution, especially in the Islamic saving money industry of Bahrain. Bahrain has the freest and the most broadened economy in the Arab Gulf. Bahrain offers amazing speculation openings and disentangled access to the Middle East and the North Africa Markets.
Bahrain, a money related and business focus, is only one hour from the Gulf's biggest economies and markets, for example, Saudi Arabia, the United Arab Emirates, and Qatar. Bahrain's regular assets of oil and gaseous petrol make Bahrain exceptionally alluring spot for remote speculators. Tourism is another huge motivator to draw in outside speculations. What makes Bahrain more unique is that the nation permits 100% remote proprietorship and control of organization resources and upholds no individual, corporate or withholding charges. Be that as it may, the most recent turmoil which began with Tunisia to have a domino impact in alternate nations in the Middle East appears to harm Bahrain's financial and political notoriety. This dread of vulnerability could conceivably influence the nation's believability among remote speculators and its monetary framework. The cancellation of the Bahrain Grand Prix, the fall of Bahrain securities exchange, rising protection can be viewed as the most prompt effect on Bahrain's economy. Macroeconomic Stability: According to the World Economic Forum, Bahrain's economy is a standout amongst the most steady. The worldwide money related emergency affected Bahrain's economy which came about on moderate monetary development amid 2009. As indicated by IMF, the economy of Bahrain dealt with the budgetary emergency well.
Because of budgetary emergency Bahrain encountered a sharp fall in oil costs, a fixing of worldwide capital markets and the decrease in provincial and nearby land markets. Amid 2010 as per IMF, Bahrain's GDP has grown up to 4% in divisions such like inns, eateries, producing, monetary partnerships, transport, correspondence, and development, discount and retail exchange. As indicated by Arab World Competitiveness Review 2010 Bahrain kept up positive development rates by relieving the impacts of the monetary emergency through the expansionary financial arrangement to the detriment of large-scale monetary soundness which dropped from the sixth place to eleventh. Bahrain sense of duty regarding basic changes and its receptiveness to worldwide markets have changed the nation into a budgetary center and territorial pioneer in the financial opportunity. As one of the slightest oil subordinate economies, as per the Index, Bahrain profits by a focused assessment administration and a modern monetary part that encourage the free stream. Its money related control has turned out to be more adaptable and far-reaching. The money related administrations industry is directed by the Central Bank of Bahrain.
Bahrain is the site of the antiquated Dilmun human advancement. It has been extremely popular since artifact for its pearl fisheries, which were viewed as the best on the planet into the nineteenth century. Bahrain was one of the most punctual territories to change over to Islam (advertisement 628). Following a time of Arab lead, Bahrain was involved by the Portuguese in 1521, who thusly were removed in 1602 by Shah Abbas I of the Safavid line under the Persian Empire. In 1783, the Bani Utbah group caught Bahrain from Nasr Al-Madhkur and it has since been governed by the Al Khalifa illustrious family, with Ahmed al Fateh as Bahrain's first Hakim. In the late 1800s, after progressive arrangements with the British, Bahrain turned into a protectorate of the United Kingdom. In 1971, Bahrain announced autonomy. Once in the past a state, Bahrain was proclaimed a Kingdom in 2002. Since mid-2011, the nation has experienced sustained dissents and turmoil propelled by the provincial Arab Spring, especially by the lion's share Shia populace.
Bahrain had the main post-oil economy in the Persian Gulf. Since the late twentieth century, Bahrain has put resources into the saving money and tourism segments. The nation's capital, Manama, is home to numerous expansive money related structures. Bahrain has a high Human Development Index and was perceived by the World Bank as a high salary economy. On 15 August 1971, Bahrain pronounced freedom and marked another bargain of kinship with the United Kingdom. Bahrain joined the United Nations and the Arab League later in the year. The oil blast of the 1970s profited Bahrain significantly, in spite of the fact that the ensuing downturn hurt the economy. The nation had just started the expansion of its economy and profited assist from the Lebanese Civil War in the 1980s when Bahrain supplanted Beirut as the Middle East's monetary center point after Lebanon's extensive saving money segment was driven out of the nation by the war. Following the 1979 Islamic upset in Iran, in 1981 Bahraini Sh?'fundamentalists coordinated a fizzled overthrow endeavor under the sponsorship of a front association, the Islamic Front for the Liberation of Bahrain. The overthrow would have introduced a Sh?'a pastor banished in Iran, Hujjatu l-Isl?m H?d? al-Mudarris? as incomparable pioneer heading a religious government. In December 1994, a gathering of young people tossed stones at female sprinters amid a universal marathon for running uncovered legged. The subsequent conflict with police soon developed into common agitation.
A well-known uprising happened in the vicinity of 1994 and 2000 in which radicals, liberals, and Islamists united. The occasion brought about roughly forty passings and finished after Hamad ibn Isa Al Khalifa turned into the Emir of Bahrain in 1999. He established races for parliament, gave ladies the privilege to vote, and discharged every single political detainee. A choice on 14– 15 February 2001 hugely bolstered the National Action Charter. As a feature of the selection of the National Action Charter on 14 February 2002, Bahrain changed its formal name from the State (dawla) of Bahrain to the Kingdom of Bahrain. The nation partook in military action against the Taliban in October 2001 by sending a frigate to the Arabian Sea for protecting and helpful operations. Subsequently, in November of that year, US president George W. Bramble's organization assigned Bahrain as a "noteworthy non-NATO partner". Bahrain contradicted the intrusion of Iraq and had offered Saddam Hussein refuge in the days before the attack. Relations enhanced with neighboring Qatar after the outskirt disagreement regarding the Hawar Islands was settled by the International Court of Justice in The Hague in 2001. Following the political progression of the nation, Bahrain arranged an unhindered commerce concurrence with the United States in 2004.
Hamad bin Isa Al Khalifa
Isaac of Nineveh
(Human rights defender)
The dinar (BHD) is the cash of Bahrain. It is isolated into 1000 fils. The name dinar gets from the Roman denarius. The dinar was presented in 1965, supplanting the Gulf rupee at a rate of 10 rupees = 1 dinar. The Bahraini dinar is condensed BD (Latin). It is generally spoken to with three decimal spots meaning the fils. Since 1965, the official cash for Bahrain has been the Bahraini Dinar (BHD). The image for the Dinar is BD; the Arabic image is .?. The Bahrain Dinar is pegged to the US Dollar at a rate of 0.376 Dinar = 1 USD. The Bahrain economy is appraised as the tenth freest economy on the planet. Top ventures are aluminum purifying, oil refining and preparing, seaward keeping money combined with Islamic saving money, tourism, press pillarization, send repair, and manures. Fare items are oil, materials, and aluminum. Oil represents 60% of fare items. Import items are chemicals, hardware, and raw petroleum. Joblessness rate is assessed at giving or take 3.8%; be that as it may, it is becoming quickly because of the exhaustion of oil assets. There is no horticulture movement in Bahrain; it represents just 0.3% of the aggregate GDP. Bahrain has an unhindered commerce concurrence with the United States of America. The nation is chipping away at broadening its items and has a 15-year design set up. As of now, Bahrain is evaluated to be the quickest developing economy of the Arab nations.
In 1965, coins were presented in divisions of 1, 5, 10, 25, 50 and 100 fils. The 1, 5 and 10 fils were struck in bronze, with the others in cupro-nickel. The 1 fils coin was not delivered after 1966 and never again courses. In 1992, metal supplanted bronze in the 5 and 10 fils and a bimetallic 100 fils coin was presented. A bimetallic 500 fils followed in 2000. Note that the Central Bank of Bahrain suspended the Bimetallic 500 fils after the transformation of Bahrain on 14 Feb 2011. Notwithstanding this stopping, the pearl circuitous was annihilated as it was where the dissidents illustrated. On October 16, 1965, the Bahrain Currency Board presented notes in categories of 1?4, 1?2, 1, 5 and 10 dinars; a 100-fils note was presented on September 2, 1967. In 1973, the Bahrain Monetary Agency assumed control over the issuance of paper cash, and in 1979 it presented another group of notes dated 1973 in Arabic, with categories of 1?2, 1, 5, 10 and 20 dinars. On September 7, 2006, the Bahrain Monetary Agency was renamed the Central Bank of Bahrain. On March 17, 2008, the Central Bank of Bahrain presented another group of notes mirroring Bahrain's legacy and also its cutting edge advancement. Saudi riyals are likewise adequate in Bahrain, except for the Saudi 500 riyal note which is just acknowledged in significant grocery stores, air terminals and electronic shops.
|Currency||Bahraini dinar (BHD)|
|GDP / GDP Rank||66.899 Billion USD|
|GDP Growth Rate||3.2 Percent|
|GDP Per Captial||$50704.07 (PPP)|
< 1.0% Jews
< 1.0% Other Religions
King – Sheikh Hamad bin Isa Al Khalifa
Prime Minister – Prince Khalifa bin Salman Al Khalifa
|Website||Go to the web|
|Public Debt||82.119 Percent|
|Unemployment Rate||1.281 Percent|
|Labor Force (Occupation)||-|