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The economy of Bahrain is heavily dependent upon oil and gas. The Bahraini Dinar is the second-highest-valued currency unit in the world. Since the late 20th century, Bahrain has heavily invested in the banking and tourism sectors. The country's capital, Manama is home to many large financial structures. Bahrain's finance industry is very successful. In 2008, Bahrain was named the world's fastest growing financial center by the City of London's Global Financial Centres Index. Bahrain's banking and financial services sector, particularly Islamic banking, have benefited from the regional boom driven by demand for oil. Petroleum is Bahrain's most exported product, accounting for 60% of export receipts, 70% of government revenues, and 11% of GDP. Aluminium is the second most exported product, followed by finance and construction materials.
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Bahrain, officially the Kingdom of Bahrain, is an island country in West Asia. It is situated on the Persian Gulf, and comprises a small archipelago made up of 50 natural islands and an additional 33 artificial islands, centered on Bahrain Island which makes up around 83 per cent of the country's landmass. Bahrain is situated between Qatar and the northeastern coast of Saudi Arabia, to which it is connected by the King Fahd Causeway. The current population of Bahrain is 1,501,635 as of May 14, 2023, based on elaborations of the latest United Nations data, of whom 712,362 are Bahraini nationals. Bahrain spans some 760 square kilometres (290 sq mi), and is the third-smallest nation in Asia after the Maldives and Singapore. The capital and largest city is Manama.
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Ahli United Bank is a regional bank based in Bahrain. Its head office is situated at Manama and is the largest bank in Bahrain. It is present in 8 countries in the Middle East and United Kingdom. Ahli United bank's ordinary shares are listed on Bahrain Stock Exchange since August 2000 and the Kuwait Stock Exchange since June 2006.
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The Bahrain Institute of Banking and Finance is a semi-governmental higher education institute situated in the Juffair district of Manama, in the Kingdom of Bahrain.
References
- ↑ "QS World University Rankings 2023". topuniversities.com. Retrieved 14 October 2022.
- ↑ "World University Rankings 2023". timeshighereducation.com. 12 October 2022. Retrieved 14 October 2022.
- ↑ "ARWU World University Rankings 2022". www.shanghairanking.com. Retrieved 14 October 2022.
- ↑ "Applied Science University official website" . Retrieved 2 February 2013.
- ↑ "Bahrain Institute of Banking & Finance - the BIBF Homepage". BIBF - Bahrain Institute of Banking and Finance. Retrieved 2024-02-17.
- ↑ "British University of Bahrain Official Website".
- ↑ "Kingdom University" . Retrieved 2024-02-17.
- ↑ "Royal University for Women homepage" . Retrieved 25 October 2012.
- ↑ "Talal Abu Ghazaleh University College of Business". www.tagucb.edu.bh.
- ↑ "University College of Bahrain homepage" . Retrieved 25 October 2012.
- ↑ "Euro University of Bahrain".
