Saturday 12 July 2014

Bahrain cannot take its eyes of the ball | GulfNews.com

Bahrain cannot take its eyes of the ball | GulfNews.com:



"The controversy surrounding the visit to Manama by the US assistant secretary of state for democracy, human rights and labour, Tom Malinowski, is no good news for Bahrain’s economy. In an abrupt move, Bahraini officials placed the visitor as persona no grata and reflecting, in turn, the political differences between Manama and Washington.



Among other adverse effects, the negative media coverage relating to the case could undermine business transactions and lead to potential losses for the Bahraini side. (The US and Bahrain are bound by a free-trade agreement dating back to August 2006.)



The World Investment Report 2014, issued by the World Conference on Trade and Development (Unctad), gives a mixed performance rating to Bahrain regard Foreign Direct Investment (FDI) inflow and outflow. On the one hand, Bahrain enticed FDI inflows of $989 million in 2013, a notable growth of 11 per cent from the previous year. On the other hand, outflows were higher by 14 per cent to above $1 billion."



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