There is a story that top bureaucrats in the tiny Gulf state of Bahrain like to tell to illustrate its struggle for economic relevance.
An international accounting firm had initially been based in Bahrain but decided to move the regional office to Riyadh, the capital of neighbouring Saudi Arabia.
After a few years of operating there, the firm closed the Riyadh office and moved back to Bahrain. And it was the unwritten reasons for doing so that were the most interesting.
“The head of the firm apparently said that he could not stand his wife calling him at 2pm every day, badgering him to come home,” says Mahmood Hashim Al-Kooheji, the deputy chief executive officer of state investment holding company Mumtalakat.
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