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

    'We scoured for days without sleeping, just clothes on our backs'

    'We scoured for days without sleeping, just clothes on our backs'

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Unification: Saladin and the Fall of Jerusalem

    Unification: Saladin and the Fall of Jerusalem

    We explore how Salah Ed-Din unified the Muslim states and recaptured the holy city of Jerusalem from the crusaders.