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Bahrain is a rich country in the middle east and the north africa (MENA) region and its economy depends on oil & gas, international banking and tourism. [16] In 2003 and 2004, the balance of payments improved due to rising oil prices and increased receipts from the services sector. As a result, the current account balance registered a surplus ...
Bahrain is a small Arab monarchy with the first post-oil economy in the Persian Gulf region. [ 1 ] Since the late 20th century, Bahrain has invested in the banking and tourism sectors. [ 2 ] Many large financial institutions have a presence in Manama, the country's capital. Bahrain has a high Human Development Index and was recognised by the ...
A Bahrain Air Force Agusta-Bell 212 Twin Huey in flight over the Persian Gulf during a training mission in 1991. The Bahrain Defence Force, which itself was formed in 1968, just before the country became independent from United Kingdom in 1971, first organized an air wing in May 1976 at Riffa Air Base, which received its first aircraft, four Bo 105 helicopters, in February 1977.
In 1999, the current Bahrain Petroleum Company was created when the Bahrain National Oil Company, established in 1976, merged with BAPCO. [1][6] In 2018 BAPCO commissioned a new pipeline that replaced the over 70 years old pipeline infrastructure between Bahrain and Saudi Arabia. [3] In March 2019 construction work was started to upgrade the ...
Gulf Air (Arabic: طيران الخليج, romanized: Ṭayarān al-Khalīj) is the flag carrier of Bahrain, which was founded in 1950. Headquartered in Muharraq, the airline operates scheduled flights to 61 destinations in 30 countries across Africa, Asia, and Europe. The airline's main hub is at Bahrain International Airport.
Bahrain Mumtalakat Holding Company B.S.C. (Mumtalakat) is the sovereign wealth fund of the Kingdom of Bahrain. [2] It was established by Royal Decree in 2006 and is wholly owned by the Government. [1] Mumtalakat actively sought investment opportunities locally, regionally and internationally. In October 2023, according to the Sovereign Wealth ...
Revenue. $4,106 million (2023) Number of employees. 3,150 (2023) Website. www.albasmelter.com. Aluminium Bahrain B.S.C. (Alba) is the first aluminum smelter in the Middle East which started its commercial operations in 1971. The electricity that powers the process come from three power stations fueled by the nearby gas fields.
Royal Bahraini Army. Royal Bahraini Army is the ground force component of the Bahrain Defence Force. The army's current strength is 20,000 personnel and headed by Lieutenant General Khalifa bin Abdullah Al-Khalifa. [2]
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