Sunday 10 April 2011

Business standstill hits Bahrain economy - The National

Billions of dollars have been wiped off the value of Bahrain's economy in the month of protests that brought business there to a virtual standstill, top banking executives in Manama say.

"Definitely there is an impact on growth … but the impact cannot be more than 10 to 15 per cent impact of Bahrain's GDP," said Yousif Taqi, the chief executive of the sharia-compliant Al Salam Bank in Manama.

"As a financial centre there will be challenges for the government. I'd be surprised if it was more than 15 per cent."

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