ACCORDING TO THE ANNUAL INDEX OF ECONOMIC FREEDOM, PUBLISHED BY THE HERITAGE FOUNDATION AND WALL STREET JOURNAL, BAHRAIN IS THE 13TH FREEST ECONOMY IN THE WORLD, AND THE MOST FREE IN THE MIDDLE EAST AND NORTH AFRICA (MENA) REGION.
IT IS TO BE NOTED THAT BAHRAIN IS THE ONLY ECONOMY IN THE MENA REGION TO RANK AMONG THE WORLD'S TOP 20 FOR THE 16TH CONSECUTIVE YEAR SINCE THE INDEX WAS FIRST LAUNCHED IN 1995. THE REPORT ACCOMPANYING THE INDEX NOTED THAT THE GCC REGION REMAINS CENTRAL TO WORLD ECONOMY. BAHRAIN'S 13TH POSITION IS AN IMPROVEMENT ON ITS PREVIOUS 16TH POSITION, WITH GAINS IN VARIOUS FIELDS FOCUSED ON BY THE INDEX SUCH AS INVESTMENT FREEDOM, TRADE FREEDOM, LABOUR FREEDOM, AND FREEDOM FROM CORRUPTION. MORE.......... WHQ 22-DEC-2009 20:06 COMMENTING ON SUCH POSITIVE RESULTS, ECONOMIC DEVELOPMENT BOARD (EDB) CHIEF EXECUTIVE SHAIKH MOHAMMED BIN ISA AL KHALIFA SAID THAT GROWTH HAS BEEN STIMULATED BY A COMPREHENSIVE ECONOMIC REFORM PROJECT LAUNCHED BY HRH PRINCE SALMAN BIN HAMAD AL KHALIFA, THE CROWN PRINCE AND EDB CHAIRMAN, THROUGH HIS COMMITMENT TOWARDS HUMAN CAPITAL, DIVERSIFICATION AND TRANSPARENT REGULATION. EDB IS WORKING WITH STAKEHOLDERS IN BOTH THE PRIVATE AND PUBLIC SECTORS IN BAHRAIN TO BRING ABOUT A CHANGE PROCESS THAT IS INEXTRICABLY LINKED TO THE TASK OF MAKING BAHRAIN ONE OF THE FREEST ECONOMIES IN THE WORLD - A PLACE IN WHICH OUR BUSINESSES, OUR CITIZENS AND OUR SOCIETY CAN THRIVE, HE ADDED. WE ARE PROUD OUR ACHIEVEMENTS HAVE BEEN REFLECTED AND ENDORSED BY HIGHLY REGARDED INSTITUTIONS SUCH AS THE HERITAGE FOUNDATION AND THE WALL STREET JOURNAL, HE ALSO SAID. THE FACT THAT THIS PROGRESS HAS BEEN TRANSLATED INTO ECONOMIC GROWTH ALSO REFLECTS THE REALITY THAT THE REFORMS BEING DRIVEN BY THE EDB AND OTHER ORGANISATIONS IN BAHRAIN ARE TRULY HELPING PRIVATE AND PUBLIC SECTOR ENTITIES TO THRIVE, HE NOTED. WHQ 22-DEC-2009 20:08
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