Reyadh Yousif Sater, Chief Executive, BBK, recently gave an interview to Oxford Business Group (OBG), the renowned consultancy and publisher of economic reports as part of the research undertaken for
The Report: Bahrain 2016, the most recent report from the group on the
economy of Bahrain.
Amongst other topics, Reyadh Yousif Sater shared his views on how Bahrain’s general economic environment affects the financial sector. An extract from the interview is below:
“We are in the midst of interesting and complex times, not only in Bahrain but also across the region and the rest of the world. There are currently significant geopolitical challenges facing the world like the fact that major economies such as China are growing at a slower pace, while at the same time other economies are diversifying.
The drop in oil prices has provided an opportunity for Bahrain to step up its diversification drive. The kingdom, aided by a spending rationalisation policy and using resources from the GCC Fund, is still able to finance major capital projects that will keep the economy growing. With regards to financial institutions, they do face some challenges, however, I am confident that they are being properly addressed.”
Read the full interview with
Reyadh Yousif Sater here, now available on the Oxford Business Group website.
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