Bahrain Economy Overview
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Transcript of Bahrain Economy Overview
Links for Bahrain economy: 1) http://www.bahrainedb.com/en/EDBDocuments/BEQ-September-2014.pdfLinks for GDP and growth predictions:1) http://www.bahrainedb.com/en/EDBDocuments/BEQ%2031%20March%202015.pdf2) http://www.gulf-daily-news.com/NewsDetails.aspx?storyid=393775Links for diversification1) http://www.bahrainedb.com/en/EDBDocuments/Bahrain-Economic-Yearbook.pdf2) Overview of Bahrain Economy:http://www.oxfordbusinessgroup.com/news/bahrain-year-review-2014Links for Financial deals:1) Bahrain Financial Harbour Signs Facility Deal worth BD 90.5 Million with Top Local & Regional BanksBahrain Financial Harbour ("BFH") has recently signed a 7 year BD90.5 million (US$ 240 million) Ijara facility for the Financial Center Project with Al-Salam Bank- Bahrain (as Mandated Lead Arranger), BBK, Kuwait Finance House (Bahrain and Kuwait), and National Bank of Bahrain (as Co-Lead Arrangers), and Bahrain Islamic Bank (as Arranger).This marks a major landmark for BFH following the recent change in ownership. This transaction is an achievement in terms of collaboration between the regions top conventional and Islamic banks in arranging and funding a facility of this size and nature during strained financial times.Link: http://www.alsalambahrain.com/Media_Centre/News/bahrain-financial-harbour-signs-facility-deal-worth-bd-90-5-million-with-top-local-%26-regional-banks-a247.html2) Bahrain-UK in major Islamic finance deal
Bahrain and the UK yesterday agreed a joint framework to enhance collaboration on Islamic finance at the UK-Bahrain Islamic Finance Summit held in London. A memorandum of understanding (MoU), signed by Senior Foreign Office Minister Baroness Sayeeda Warsi and Central Bank of Bahrain Governor Rasheed Al Maraj set out plans to boost co-operation through an education and skills programme and the establishment of a working group devoted to the development of Islamic finance-driven trade and investment between the two countries.
Link: http://www.gulf-daily-news.com/NewsDetails.aspx?storyid=374631
3) Mergers and acquisitions reshape Bahrain's banking sector
Link: http://www.oxfordbusinessgroup.com/analysis/consolidation-mergers-and-acquisitions-among-players-different-market-segments