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FINANCIAL NEWS
Bahrain posts 4.5 percent growth in Q1
21 Jul 2016
(MENAFN) Bahrain viewed an increase amid the first quarter of this year, which reached 4.5 percent, its highest level since 2014, driven by the 12.1 percent growth in the oil sector.
Additionally, almost USD4bn of projects have been tendered under the GCC Development Fund, with almost USD3bn of projects already begun.
Moreover, a resilience momentum in the non-oil sector helped to support strong increase in private sector employment, which touched 7 percent increase.
However, there are challenges for all GCC governments in adjusting to a lower oil price environment, such as promoting countries across the region to make economic diversification.
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