Doing Business in Bahrain
EENI - Business School.
Subject (Course): Foreign Trade and Business in Bahrain.
Bahraini economy. Syllabus:
- Introduction to the Kingdom of Bahrain (the Middle East).
- Doing Business in Manama.
- Bahraini economy.
- The main economic sectors in Bahrain
- Economic Vision 2030.
- Foreign Trade of Bahrain.
- Bahrain Customs
- Business Opportunities in Bahrain.
- Financial and professional services
- Information, communications, and technology
- Real Estate
- Bahrain Economic Development Board (EDB)
- Market access
- Case Study:
- Yusuf Bin Ahmed Kanoo Group
- Introduction to Arabic
- Business Plan for Bahrain
Aims of the subject “Doing Business in Bahrain”:
- To analyse the Bahraini economy and foreign trade
- To evaluate business opportunities in Bahrain
- To explore Bahrain's trade relations with the student's country
- To know Bahrain's Free Trade Agreements (FTAs)
- To examine the profile of Bahrain businesspeople and companies
- To develop a business plan for the Bahrain Market
Sample of the subject “Doing Business in Bahrain”:
Subject Description: International Trade and Doing Business in Bahrain:
Bahrain: freest economy in the MENA region.
The Kingdom of Bahrain.
- Bahrain is an independent Emirate with a traditional Monarchy.
- System of Government: hereditary
- The King: His Majesty King Hamad bin Isa Al
- Arab is the official language.
- Population: 1.2 millions of people with 90% of urban population (90%);
50% of its residents are expatriates
- The highest literacy rate in the Gulf Cooperation Council region
- Bahrain is the country with a smaller population of the Gulf Cooperation
- Capital: Manama (27% of Bahrain’s GDP)
- Al Muharraq is the second most populous city of the Kingdom of Bahrain.
- Freedom of belief
- Borders of Bahrain: Qatar and Saudi Arabia. Iran (by sea).
- Abolition of slavery in Bahrain:
- Independence from the United Kingdom: 1971
Religion in Bahrain.
- Shiite Islam (70% of the population).
- Islamic Jurisprudence (Sharia) is one of the main legislative sources.
- School (Fiqh) majority is the Maliki
- There is no official religion in the Kingdom of Bahrain (freedom of belief)
- 15% of the population is Christian and 10% Hindu
Bahrain belongs to the Arab Economic Area of the Islamic Civilisation.
Manama is the capital of Bahrain and his economic and financial
- The main economic activity of Manama is related to the financial services, near 200 financial institutions and banks generate the 27% of the gross domestic product of Bahrain (the 80% of the active population works in the financial sector).
- Several multinational companies are in Manama.
Bahrain is the freest economy in the MENA region (the Middle East and North Africa), occupying the thirteenth position in the World.
- The aluminum industry is vital (13% of the total exports of Bahrain).
- Some of the best companies in the World such as American Express, BNP Paribas, Kraft or DHL have been selected Bahrain as a strategic location for regional
operations of distribution.
Bahraini Foreign Trade.
- Top export markets of Bahrain: Saudi Arabia, the United States, the United Arab Emirates, and South Korea.
- Top suppliers of Bahrain: Saudi Arabia, Japan, Germany, and the United States.
Bahrain has preferential access to the following markets:
- Gulf Cooperation Council (GCC)
- Trade Preferential System (TPS-OIC)
- United States-Bahrain
Free Trade Agreement (FTA)
- European Union-Bahrain (GCC)
- India-Bahrain (GCC)
- Australia and the Gulf Cooperation
- Free Trade Agreements (FTA) with China, Korea, the European Free Trade Association (EFTA), New Zealand, Thailand, and the MERCOSUR.
Regional institutions of Bahrain.
- Arab League
- Summit of South American-Arab Countries (Bahrain)
- Asia-Middle East Dialogue (Bahrain)
- Asia Cooperation Dialogue (ACD)
- Afro-Arab cooperation
- Arab Bank for Economic Development in Africa (BADEA)
- Islamic Development Bank
- Economic and Social Commission for Western Asia (ESCWA)
- Organisation of Islamic Cooperation (OIC)
- Arab Gulf Programme for United Nations Development Organisations (AGFUND)
Bahrain is a member of the United Nations (UN), the International Monetary
Fund (IMF), the World Trade Organisation (WTO), the World Bank (WB)
The United States-Bahrain FTA:
The European Union Bahrain Agreement: