Bahrain economic growth slows to 2.2 percent in 2011
Bahrain's economy grew 2.2 percent in real terms in 2011, the Gulf Arab country's statistics office head said on Wednesday, a sharp slowdown from 4.5 percent expansion in the previous year.
March 21, 2012 2:01 by kippreport
“This is satisfactory in light of current economic challenges and the economic outlook in the near term looks positive. Improving local and global indicators are also expected to resu lt in economic stability (and) encourage local and foreign investors to reconsider shelved investment decisions,” Central Informatics Organisation president Mohammed Al Amer said in a statement.
“However, restoration of economic growth rates which were prevalent before the crisis will take some time.”
More on GCC
-
Qatar Holding, Italy Fund Eying Versace – Paper
-
Saudi government websites targeted
-
NCoV – First report of patient-to-nurse spread
-
Saudi regulations target stock market speculators
-
Dubai’s Arqaam Capital Eyes South Africa, Saudi Expansion
-
U.S. Targets Two UAE Firms For Dealing With Blacklisted Iran Banks
-
Airbus officially picked by Kuwait Airways
-
GMR reveals top 50 Mena Corporate Brands
-
Kuwait Airways to sign $3 billion-plus Airbus deal
-
Abu Dhabi Tourism Company Loss Widens
-
Emirates Airline reaps expansion profits
-
Saudi Arabia has 13 cases of SARS-like Coronavirus – WHO
-
UAE Central Bank Shuts Two Money Exchange Firms For Violations
-
Emal plans further expansion
-
Dubai looking at alternatives to repay debt
-
Two more die in Saudi Arabia from SARS-like virus – WHO
-
Alwaleed’s Kingdom on the prowl
-
Qatar Airways now looks to Airbus
-
World’s Longest-Range Passenger Jet
-
Abu Dhabi says financial zone will bridge a gap
