Bahrain economy battered from inside and out

Months of turmoil, coupled with the global financial crisis, have hit island's economy hard.

    Prices in the capital city of Manama have risen sharply, partly due to the state of the world economy, but also as a result of the current political instability in Bahrain. 

    Experts have said the world financial crisis in 2007 and 2008, the recent European monetary crisis, and the internal political troubles of 2011 have battered the Bahraini economy. 

    Banks are seeking mergers in order to survive, and the industrial sector has declined by 26.7 per cent, according to a March 2012 report.

    Al Jazeera's Mohammad Vall reports from Manama.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    Heron Gate mass eviction: 'We never expected this in Canada'

    Hundreds face mass eviction in Canada's capital

    About 150 homes in one of Ottawa's most diverse and affordable communities are expected to be torn down in coming months

    I remember the day … I designed the Nigerian flag

    I remember the day … I designed the Nigerian flag

    In 1959, a year before Nigeria's independence, a 23-year-old student helped colour the country's identity.