Bahraini company earnings dropped the most in the Gulf in the third quarter while companies in the United Arab Emirates outperformed their regional peers.
Bahraini corporate net earnings slumped 45 per cent year on year, according to a report by Markaz, the Kuwaiti investment bank. That compares with growth of 8 per cent year on year for the six Gulf Co-operation Council countries.
Company performance in the oil-rich Gulf has diverged as regional political unrest has lured investors to some and deterred them from others. The United Arab Emirates has benefited from its haven status while countries such as Bahrain have struggled to lure new investors.
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