The Government of the Kingdom of Bahrain has long searched alternatives for its national income. This is due to the economic depression facing the international oil market, and the remarkable annual decline in Bahrain’s production.
As an alternative, Bahrain has diversified its economy to include financial and commercial tradition. In addition to its tax-free facilities to encourage money markets, the stability of the market attracts most of the banking and financial establishments in the Middle East to transfer their activities to Bahrain. This has resulted in a spectacular development in the financial sector.
Bahrain’s Financial system consists of the Bahrain Central Bank (CBB) in addition to commercial banks and credit system, as well as insurance systems.
This chapter also presents data on the insurance activities and the companies operating in this field, where the data covers returned premiums and paid claims.
- Bahrain Monetary Agency.
- Ministry of Finance & National Economy.