Bahrain the leading financial center in the Middle East
Saturday, 09 17 2016, Category: Insurance and Reinsurance, Country: Bahrain
Bahrain has one of the most flexible and disciplined investment environments in the Middle East. This strengthens the competitiveness of the Kingdom regionally and in the Middle East and Arab markets. The banking industry is an important contributor to the investment environment as a number of commercial and investment banks and offshore banks offer financing resources to investments in a regulated and supervised environment overseen by the Central Bank of Bahrain, which is the regulator that issues laws organizing the banking industry in both its traditional and Islamic parts in addition to other sectors such as insurance.
Bahrain emerged as a regional financial center, which strengthened its economic performance. The financial and banking sectors represent 17.1% of Gross Domestic Product according to the latest report issued by the Central Bank of Bahrain.
Source: Akhbar Al Khaleej