riskandforecast

Bahrain

Risk Watch  01/07/10

Bahrain’s fund reports massive losses

The announcement by Bahrain’s Mumtalakat, that it's losses increased by almost half a billion dollars confirms reports and analyses that the smallest GCC faces serious economic challenges....
Risk Watch  17/05/10

Iran launches naval Gulf excursuses as GCC states strengthen defenses

Naval exercises by Iran in the Straits of Hormuz have prompted GCC leaders to strengthen their joint defenses and call for a united effort against Iran....
 
Risk Watch  01/04/10

Bahrain minister sacked in corruption scandal as media ban imposed

The sacking of a Bahraini cabinet minister after being questioned by police and the following media ban on the case raises questions about the seriousness of the government to combat corruption....
Risk Watch  15/02/10

Al Gosaibi File New Claims against Sanea

Al Gosaibi family has filed a court case against Al Sanea in New York in their long running family business dispute....
 
Risk Watch  02/02/10

Iran threatens GCC states if attacked by West

Increasing tensions between the West and Iran increases the risk of Iranian attacks against Western interests in the GCC....
Risk Watch  18/01/10

Increased Al Qaeda threat in GCC according to Kuwaiti press

A leading Kuwaiti daily reported government sources as saying that there is an increased Al Qaeda threat in the Gulf, in view of the ongoing Yemen war....
 
Risk Watch  18/01/10

Investments in industrial city expected to reach US $ 8 billion

Bahrain has announced that US $3.5 billion have been invested in its industrial city, which is under construction. The city is an integral part of the country’s plans to diversify its economy....
Risk Watch  18/01/10

Protests erupt against government plans on subsidies

The possibility of the Bahraini government limiting food and petrol subsidies has resulted in the eruption of protests in Bahrain....
 
Risk Watch  01/12/09

Al Wefaq Parliamentary faction refuses to support Saudi action in Yemen

The Saudi involvement in the Sa’ada war along the Yemeni-Saudi border is turning the conflict into a regional one, with implications for Shiite-Sunni relations in other GCC states, such as Bahrain....
Risk Watch  16/10/09

Bahrain Plans Massive Airport Expansion

Bahrain announced plans to expand it’s airport to keep with growing competition from airports. This will aid the country’s efforts to diversify its economy in the face of dwindling oil revenue....
 
Risk Watch  16/10/09

Bahrein High Court Acquits Shiites in High Profile Ethnic Tensions Case

Bahrain’s high court acquitted 19 Shiites accused of killing a policeman, in a case closely watched by the Shiite majority. The court ruling is expected to improve relations with the ruling Sunnis....
Risk Watch  16/10/09

GCC States Plan New Agricultural Fund

GCC states announced plans for a new US $2 billion agricultural fund in coming months to secure food supplies by buying stakes in existing agricultural firms....
 
Chart of the Week  13/10/09

Ease of doing business - comparative chart between GCC, CEE and SEE regions

The chart shows absolute ranking of the selected countries in the World Bank Doing Business 2010 Report. Most SEE countries have improved their position since the last report. Despite this, they are i...
Risk Watch  01/10/09

GCC rail network by 2017

The announcement that the GCC-wide rail like will start operating in 2017 is a welcome move for all GCC states....
 
Risk Warning  03/08/09

Financial Woes of Al Gosaibi and Saad Families are Signs of Wider Problem

The global financial crisis that has severely hit parts of the GCC has exposed the vulnerability of the Gulf economies to risks posed by the large exposure of those economies to family businesses....
Risk Watch  31/07/09

Jobseekers Demonstrate in Bahrain

Unemployed Bahraini education professionals have been demonstrating for lack of employment opportunities. At the same time, there is growing unease about the recruitment of non-Bahraini teachers....
 
Risk Watch  31/07/09

Kuwait to Abolish "Kafeel" Sponsorship System

Kuwait announced that it will abolish the "kafeel" system of sponsoring foreign workers. The system is widely practiced in all the GCC and it is described by critics as "modern slavery". ...
Risk Watch  15/07/09

Agreement Will Help Alleviate Electricity Shortages in GCC Countries

The signing of the agreement for the GCC-wide connection between the electricity grids of the GCC member states will help alleviate electricity shortages in various GCC countries....
 
Risk Watch  16/06/09

Agreement Signed on Monetary Union between GCC Countries

Four GCC states signed a pact on 7 June creating a monetary union. It comes as a confidence-building measure after the shock decision by the UAE to not be part of it....
Risk Watch  15/04/09

Serious Crisis Between Shiite and Sunni Communities of Bahrain

The royal pardon of Shiite opposition leaders in Bahrain diffuses what could have potentially evolved into the most serious crisis between the Shiite and Sunni communities of Bahrain....
 
 

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