Bahrain Articles & Analysis

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A rising tide of investments and solid increases in arrivals are supporting high levels of growth in Bahrain’s tourism industry, with projections that expansion will be sustained to the end of the decade and beyond.

At the end of 2016 the government reaffirmed its commitment to Bahrain’s $32bn infrastructure pipeline as a key driver of economic growth.

 

Bahrain is a regional financial hub for investment and business in the GCC. This holds true due to the efforts set forth by the Ministry of Industry, Commerce and Tourism (MoICT), and its minister, Zayed R. Al Zayani, in cooperation with other ministries. The MoICT has taken steps to encourage and create lucrative opportunities for foreign...

 

In an ongoing attempt to ease dispute resolutions, arbitration has become a core practice in the kingdom. Bahrain is the first country in the world to have a free arbitration zone and to introduce the concept of statutory arbitration for commercial and financial disputes, as stated by the President of the American Arbitration Association (AAA...

 

Bahrain has gone through a series of economic challenges in the past five years. A primary source of these is the downturn in the real estate market. In an effort to combat the negative effects of the downturn on investors, three significant laws have been issued since 2014 regulating the dealings of all parties involved in the real estate...

 

The two main general frameworks governing the preparation and presentation of the financial statements are the International Financial Reporting Standards (IFRS) and the Generally Accepted Accounting Principles (GAAP).