Cranes stand idle over the skyline of Manama. Stalled projects line the city's waterfront, where many completed skyscrapers have struggled to attract tenants.
Compared with the flurry of construction activity elsewhere in the Gulf, the sense of lethargy is palpable - as is the frustration of the kingdom's businessmen with the economic malaise.
"We're currently going through a phase," said Hisham Alrayes, the chief executive of Gulf Finance House, an Islamic investment bank that agreed on a US$110 million (Dh404m) restructuring with creditors last week. "Hopefully, things are evolving to reach a better political environment in Bahrain."
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