Saturday 7 May 2011

Bahrain economy has lost $2 billion because of political unrest, says top business official

The chairman of the Bahrain Chamber of Commerce and Industry said during on state-run Bahrain Television that the island-state has lost up to $2 billion due to the recent political unrest in the country.

The Shiite-led uprising that started in February 2011 has left marks of losses in all of the country’s major sectors, said the official, Dr. Essam Fakho.

Unlike its neighboring Gulf States, Bahrain is not well endowed with oil. It has built its economy by diversifying sectors such banking, heavy industries, retail and tourism.

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