- ICD Acts as a Catalyst in Africa’s Development Agenda
- Islamic banking starts in October, says Finance
- MOBILIZATION OF PRIVATE FINANCE BY MULTILATERAL DEVELOPMENT BANKS AND DEVELOPMENT FINANCE INSTITUTIONS
- ISLAMIC DEVELOPMENT BANK UNVEILS NEW BRAND AFTER 44 YEARS OF SUCCESSFUL DEVELOPMENT INTERVENTION
- Islamic Windows of Coris Bank International pave way to achieve SDG goal by ensuring financial inclusion and shared prosperity
- The Islamic Corporation for the Development of the Private Sector (ICD) announces the signing of a bilateral agreement with Sumitomo Mitsui Banking Corporation (SMBC)
- Signing of commitment letter and memoranda of understanding with Tunisian companies with the aim to develop the private sector
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
