Economy of Bahrain

Bahrain has an open economy. The Bahraini currency is the second-highest-valued currency unit in the world. Since the late 20th century, Bahrain has heavily invested in the banking and tourism sectors. The country's capital, Manama is home to many large financial structures. Bahrain's finance industry is very successful. In 2008, Bahrain was named the world's fastest growing financial center by the City of London's Global Financial Centres Index. Bahrain's banking and financial services sector, particularly Islamic banking, have benefited from the regional boom driven by demand for oil. Petroleum production is Bahrain's most exported product, accounting for 60% of export receipts, 70% of government revenues, and 11% of GDP.Aluminium production is the second most exported product, followed by finance and construction materials.

According to the 2011 Index of Economic Freedom, Bahrain has the freest economy in the Middle East and North Africa region and is the tenth freest economy in the world. An alternative index, published by the Fraser Institute, puts Bahrain in 44th place tied with 7 other countries. Bahrain was recognised by the World Bank as a high income economy.

Bahrain

Bahrain (ⁱ/bɑːˈreɪn/; Arabic: البحرين‎  al-Baḥrayn), officially the Kingdom of Bahrain (Arabic: مملكة البحرين‎  Mamlakat al-Baḥrayn), is a small island country situated near the western shores of the Persian Gulf in the Middle East. It is an archipelago with 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 population in 2010 stood at 1,234,571, including 666,172 non-nationals.

Bahrain is the site of the ancient Dilmun civilisation. It has been famed since antiquity for its pearl fisheries, which were considered the best in the world into the 19th century. Bahrain was one of the earliest areas to convert to Islam (AD 628). Following a period of Arab rule, Bahrain was occupied by the Portuguese in 1521, who in turn were expelled in 1602 by Shah Abbas I of the Safavid dynasty under the Persian Empire. In 1783, the Bani Utbah clan captured Bahrain from Nasr Al-Madhkur and has since been ruled by the Al Khalifa royal family, with Ahmed al Fateh as Bahrain's first hakim. In the late 1800s, following successive treaties with the British, Bahrain became a protectorate of the United Kingdom. In 1971, Bahrain declared independence. Formerly a state, Bahrain was declared a Kingdom in 2002. Since early 2011, the country has experienced sustained protests and unrest inspired by the regional Arab Spring, particularly by the majority Shia population.

Bahrain SC

Al-Bahrain Sports Club (Arabic: نادي البحرين الرياضي‎), otherwise simply known as Bahrain, is primarily a Bahraini football club based in the island-governorate of Al-Muharraq. Their football team currently plays in the Bahraini Premier League. Their home football stadium is the Al Muharraq Stadium, which they share along with their local island rivals, Al-Muharraq Sports Club. Bahrain Club also have teams for other sports, such as Basketball, Team Handball and Volleyball.

Achievements

Performance in AFC competitions

External links

Bahrain (disambiguation)

Bahrain is an island country in the Middle East.

Bahrain may also refer to: