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Bahrain also has the freest economy in the Middle East and is twelfth-freest overall in the world based on the 2011 Index of Economic Freedom, published by The Heritage Foundation and The Wall Street Journal. [243] In 2008, Bahrain was named the world's fastest-growing financial centre by the City of London's Global Financial Centres Index.
The latest new business venture between the two countries is a new 6,700 sq. m. Thai shopping centre in Manama, set to launch in the first half of 2019 and described as an opportunity for Thai small and medium-sized enterprises to reach a huge potential market of Saudi shoppers, [12] said to be the biggest economic centre in Bahrain, with ...
According to the World Bank, most of these Arab states have been the world's most generous donors of aid as a share of GDP. [27] The persistent instability in the Middle East, particularly the ongoing conflict between Hamas and Israel, poses a considerable threat to the Gulf Cooperation Council states' economic ambitions.
After World War II, increasing anti-British sentiment spread throughout the Arab World and led to riots in Bahrain. The riots focused on the Jewish community, which included distinguished writers, singers, accountants, engineers and middle managers working for the oil company, textile merchants with business all over the peninsula, and free ...
The endurance of authoritarian regimes in the Middle East is notable in comparison to the rest of the world. While such regimes have fallen throughout sub-Saharan Africa, for example, they have persisted in the Middle East. Yet Middle Eastern history also includes significant episodes of conflict between rulers and proponents of democracy. [34]
The Middle East–North Africa region comprises 20 countries and territories with an estimated Muslim population of 315 million or about 23% of the world's Muslim population. [47] The term "MENA" is often defined in part in relation to majority-Muslim countries located in the region, although several nations in the region are not Muslim ...
The Kingdom of Bahrain [1] consists of Bahrain Island and 33 of the 37 Bahrain Islands, lying in the Persian Gulf's Gulf of Bahrain off the north shore of West Asia's Arabian Peninsula. Bahrain's capital city is Manama. The islands are about 24 kilometers (15 mi) off the east coast of Saudi Arabia and 28 kilometers (17 mi) from Qatar. [2]
The six countries of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE form the Gulf Cooperation Council (GCC). [20] The Kingdom of Saudi Arabia covers the greater part of the Peninsula. The majority of the population of the Peninsula lives in Saudi Arabia and Yemen. [21] The Peninsula contains the world's largest reserves of oil.