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    Ministry signs agreement to support Oman’s honey industry

    Ministry signs agreement to support Oman’s honey industry

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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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    Oman inks pack to bolster role of SMEs in food systems

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      Turkey eyes $5bn bilateral trade with Qatar

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      Iraq set to award new Faw Port deals

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      Miral’s premier Abu Dhabi waterfront project work on track

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      Aecom wins Neom utilities infrastructure design contract

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        Investments in renewables in Egypt reach LE6 bn: Official

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          Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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          COVID-19 vaccine could be available by autumn: Oxford University

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          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

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          Saudi to be among world’s big leisure tourism hubs by 2030

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          Ministry signs agreement to support Oman’s honey industry

          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

          Oman inks pack to bolster role of SMEs in food systems

          MAFWR, Port of Duqm sign MoU

          MAFWR, Port of Duqm sign MoU

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Local, Italian companies partner up to establish food retail chain in Egypt

            Local, Italian companies partner up to establish food retail chain in Egypt

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            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Miral’s premier Abu Dhabi waterfront project work on track

            Miral’s premier Abu Dhabi waterfront project work on track

            Aecom wins Neom utilities infrastructure design contract

            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

              Acwa Power inks finance deals for 900MW Dubai solar park

              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

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                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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                UAE sends medical aid to Iraq to fight COVID-19

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                UAE launches phase III trial of inactivated Covid vaccine

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                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Bahrain's economy remains strong amid global investments

              The Saudi Gazette

              November 7, 2013
              in Economy
              0

              Bahrain is supported by its strongly positive net international investment position, which was 83 percent of GDP at the end of 2012, Moody's said in its Bahrain Credit Analysis.

              "Moreover, the current account balance has consistently been in surplus since 2003, and we expect it to remain in surplus in 2013 and 2014," the report said.

              Bahrain also has a relatively high level of GDP per capita and enjoys strong support from its fellow GCC members, it said.

              "A potential boost to growth may come from the $10 billion aid package received from the GCC following the unrest in 2011," Moody's said.

              The funding is expected to support Bahrain's economy over the next 10 years, it said.

              Agreements worth $1.3 billion have been signed with Kuwait and $448 million with Saudi Arabia in early 2013, with more than 60 percent going to housing projects, the agency added.

              "GDP per capita in Bahrain is high at almost $29,000 in purchasing power parity terms as of 2012, according to the IMF," Moody's assistant vice-president and senior analyst Steffen Dyck said.

              "This is comparable to countries like New Zealand (Aaa, stable), Oman (A1, stable), or Slovenia (Ba1, negative), and exceeds the Baa median of $16,200.

              "Despite having the most diversified economy in the GCC, hydrocarbons account for 25 percent of GDP and 62 percent of export revenue.

              Nevertheless, its growth is less volatile than its peers as a result of its diversification."

              Bahrain's financial sector's contribution to GDP remains stable at 15 percent, the agency said.

              "The development of Bahrain's tourism sector has been based on the country's modern infrastructure. Although the sector impacted by the unrest, it has recovered strongly in 2012."
              "The manufacturing and trade sectors benefit from strong economic ties with Saudi Arabia and a more cost-efficient framework than many GCC countries.
               
              Key areas of growth include Alba, which operates one of the world's largest smelters, petrochemicals and ship repair facilities," the agency said.

              "Official data suggest that foreign investment is returning. In addition to crude oil, Bahrain is a significant gas producer (257,000 barrels of oil equivalent per day in 2012), but domestic production is struggling to keep up with domestic consumption, mostly industrial."

              "However, a new LNG import terminal is under construction which should add to the manufacturing sector's energy feedstock," the agency said.

              "Bahrain is stepping up its refinery activity – a new pipeline is planned which should increase import capacity from Saudi Arabia to 350,000 bpd, while the Sitra refinery would increase capacity by 100,000 bpd by 2017."

              "Policy credibility and effectiveness, as measured by past inflation performance, are very strong. Compared to its rating peers, Bahrain has both lower and less volatile inflation rates. Financial services are regulated by the central bank, which has built a good reputation as an effective banking regulator," the agency said.

              "The government's funding costs remain at manageable levels, as only a small portion of government debt is in the form of traded bonds," Moody's added.
              The Saudi Gazette
              7 November

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