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FINANCIAL NEWS
Bahrain’s H2 economy expected to recover
18 Nov 2011
(MENAFN) The Economic Development Board (EDB) said that since some sectors in Bahrain’s economy started to recover, during this year’s second half, the country’s economy would be expected to improve, reported Gulf Daily News.
The EDB added that during the second quarter, Bahrain’s finance sector, which contributes with almost a quarter of the country’s gross domestic product (GDP) rose by 1.7 percent over 2010’s same period, moreover, the sector’s local financial institutions and insurance expanded by 4 percent, whereas a contraction of 2.7 percent was recorded in offshore financial institutions.
It also said that total outstanding loans in the quarter went up by 1.4 percent compared to the previous quarter, on the other hand, bank deposits declined by around USD781.5 million.
It is worth noting that sectors which witnessed a notable growth in the quarter include electricity and water which jumped by 17 percent, social and personal services which rose by 13 percent, and transport and communications which grew by 8.6 percent.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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