- ICD enters into a strategic alliance with Amana Bank PLC, Sri Lanka
- ICD, Saba Islamic Bank (SIB) and Al-Kuraimi Islamic Microfinance Bank (KIMB) support Business Resilience of SMEs in Yemen under BRAVE Project
- ICD Signs MOU with the City Bank Limited to
- ICD cooperate with Coris Bank International to launch Islamic windows
- ICD and FINOKO signed a MoU to cooperate in the establishment of the Islamic Microfinance Window
- ICD and KIMB signed a MoU to cooperate in Islamic Microfinance
- Signature of a Memorandum of Understanding between ICD and the Egyptian Government
BAHRAIN | Overview
Official name: Kingdom of Bahrain
Capital: Manama
Official languages: Arabic
Monetary unit: Bahraini Dinar (BHD)
Population (million): 1.3
Total area (sq km): 760
OVERVIEW
Located in the Gulf, east of Saudi Arabia, Bahrain is a high income country that had enjoyed robust economic growth in the recent years. Its GDP per capita had increased steadily since early 2000. Competitive and efficient regulatory environment and developed communication and transport facilities make Bahrain benefit from high level of trade and investments.
Being one of the oil-rich countries in the GCC, Bahrain is developing the national labor force to ceate a strong non-oil based economy. In addtion, government subsidies are under close monitoring as it may be a major drain on the budget with the high costs keeping energy and water prices down for consumers. Bahrain has been also relatively successful in promoting gender equality and integrating the female into labor force.
Year joined ICD:
Number of projects approved: 5
Gross Approval ($US million): 73.00
Gross Disbursement ($US million): 22.44
