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FINANCIAL NEWS
Bahrain achieves 4.3% economy growth by September-end
31 Dec 2010
(MENAFN) Sheikh Mohammed bin Essa Al Khalifa, Chief Executive at Bahrain’s Economic and Development Board (EDB), said that the Kingdom’s economy by September-end, expanded by 4.3 percent, driven by tourism, manufacturing and financial services, Arabian Business reported.
According to Al Khalifa, hotel and restaurant business in the Gulf state swelled 15 percent, manufacturing by 8 percent and financial services by 6 percent, and remains on track to achieve the key aim of its economic blueprint, Economic Vision 2030, of doubling Bahraini real household income by 2030.
The International ratings agency, Standard and Poors reaffirmed the Bahrain�s ‘A’ rating for sovereign debt and with a stable outlook, which reflects the government’s net financial asset position, renewed development of its hydrocarbon resources, and strong international alliances, said Al Khalifa.
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