Bahrain

MARKET OF BAHRAIN

BAHRAIN'S MARKET OVERVIEW

Bahrain is located in the neighborhood of Iran, Saudi Arabia, and Qatar, it has many large and small islands. Mamana, Muharraq, Al-Riffa, Aali, Hamad, Isa, Sitra, Al-Malikiyah, Al-Badi'a, and Al-Had are main cities in Bahrain. Bahrain's progress is mostly seen in the field of aluminum foil ‎exports. Bahrain reaches 60 exports in the field of petroleum products and the government revenue of about 30% of gross domestic production. Bahrain in terms of trade balances is -320.30 million dinars and the current account balance in this country is -834.70 million dinars.

Geography, Culture, Religion and Laws of Bahrain

Bahrain is located in the neighborhood of Iran, Saudi Arabia, and Qatar, it has many large and small islands
Bahrain is located in the neighborhood of Iran, Saudi Arabia, and Qatar, it has many large and small islands

Bahrain is located next to Iran, Saudi Arabia, and Qatar, it has many large and small islands. The capital of Bahrain is the beautiful city of Manama and the people of this country speak Arabic. The official religion in this country is Islam, the currency of the Bahraini dinar has been declared and has very important economic sectors geographically. 

The reason for naming Bahrain is due to the existence of a lake in a part of this land that is very important today. Bahrain has a dry climate, so winters are mild and summers are often hot and humid. Bahrain's traditional economy is dependent on pearls. At present, the country has achieved very good economic growth in the tourism industry. Bahrain has reached 60 exports in the field of petroleum products, and the government revenue of this country is about 30% of GDP.

Geography of Bahrain
Bahrain is located in the neighborhood of Iran, Saudi Arabia, and Qatar, it has many large and small islands. The capital of Bahrain is generally the beautiful city of Manana and the people of this country speak Arabic. The country has geographically divided parts. Economics is very important. 

The reason for naming Bahrain is due to the existence of a lake in a part of this land that is very important today. Bahrain has a dry climate, so the winters are mild and the summers are often hot and humid. Bahrain is also known as the "Island of a Million Palms" and includes the three main islands of Manama, Muharraq, and Star. There are also villages in Bahrain that are located close to each other. Among the cities of Bahrain, we can mention Riffa, Al-Ali, Isa, Al-Badie, and so on. The small country covers an area of ​​765.3 km2 and has a population of 1.493 million.

Bahrain dependent countries and regions
Bahrain has historically been under British influence and has been influenced by it.

The culture of the Bahraini people
The rituals for the month of Ramadan in Bahrain are strictly held, and there are many nightclubs in the culture of this country, and people try to ask God for forgiveness. In the Islamic culture of Bahrain, in general, there are many Islamic approaches, and this issue is also seen in the hijab of Bahrain. 

The people of this country wear long clothes and often try to cover their hair. It is very important to assess the cultural situation of Bahrain accurately, and it is clear that the country is a little strict in terms of hijab. The flag of Bahrain is very sacred to the people of this country, and any disrespect to it will be taken seriously. In this country, women usually hug each other for greetings and generally try to communicate peacefully with each other, while greetings customs between men often end in the handshake.

General laws in Bahrain
Any disrespect to the religion that is Islam is prosecuted in Bahrain, and in general, the country has certain laws in the field of religious customs that you are required to comply with. Any mockery of the language of Bahrain is also illegal. Each city in Bahrain has different laws, and you must try to follow certain rules in any city in Bahrain. 

Disrespect for the flag of Bahrain is also prosecuted, and it is better to be careful in these cases, and eating and drinking in public is also forbidden during Ramadan.

The capital and nine major cities of Bahrain

Mamana, Muharraq, Al-Riffa, Aali, Hamad, Isa, Sitra, Al-Malikiyah, Al-Badi'a, and Al-Had are main cities in Bahrain
Mamana, Muharraq, Al-Riffa, Aali, Hamad, Isa, Sitra, Al-Malikiyah, Al-Badi'a, and Al-Had are main cities in Bahrain

The city of Mamana is the beautiful capital of Bahrain and is generally one of the most popular tourist destinations for travelers. This city is the industrial point of Bahrain so that many industrial factories can be seen in the city of Manama. Manama is a good option for students and the education situation in this city is excellent. Muharraq is a large and very prestigious city in Bahrain, which is old and historical in terms of texture, the houses in this city have not been rebuilt, and it is clear that the government insists on preserving the historical texture of this city.

Al-Riffa in Bahrain is one of the least valued cities, but it is on the list of excellent cities. The city is generally divided into three distinct contexts; the history sections are great for history lovers and those who are interested in the mountainous atmosphere can visit the northern parts of the city.

Aali is a university city in Bahrain where many private universities have been established, it has limited working space and it is generally very beautiful and special in terms of scenic space. This city is a good option for the youth. The city of Sitra is one of the largest economic cities in Bahrain, which has a high turnover and is famous in the world.

The city of Hamad is one of the most spectacular cities in Bahrain and in general it has very strong tourism approaches, this city has a very high economic potential in terms of tourism and is also supported by the government.

The city of Isa is an indigenous city in Bahrain where the people who live are all Bahrainis and there are no indigenous people. The city generally has a good work environment but racism is visible. Other Bahraini cities include Al-Malikiyah, Al-Badi'a, and Al-Had.

The corporate tax rate in Bahrain is zero for foreigners, which means you do not need to pay any tax to register a company in Bahrain, the social security rate in Bahrain has been 19.00% and the social security rate to participate in the country is about 13.00 percent, as evidence shows that the social security rate for employees in Bahrain is announced at 7.00 percent. The sales tax rate in Bahrain is more than 5.00% and it is clear that the current values ​​of the company registration in Bahrain have been accurately assessed.

Most Iranian companies in Bahrain operate in the field of services and clothing; in general, trade-in Bahrain is growing well. The number of immigrants who have chosen to live in Bahrain is 22% more than in the past few years, and according to the economic calendar, the country has been able to obtain accurate economic statistics, and in 2020 the financial data situation in this country will improve. It will be good. 

The situation of Bahrain in terms of registering a company in the service space can be better for young people aged 22 to 40 than other groups. It is clear that Iranian companies have grown well in Bahrain, and it is clear that the sales and personal income situation in this country have also improved compared to other countries.

What is development of Bahrain in exports

Bahrain's progress is mostly seen in the field of aluminum foil ‎exports
Bahrain's progress is mostly seen in the field of aluminum foil ‎exports

Bahrain's progress is mostly seen in the field of aluminum foil ‎ exports; in general, keep in mind that this country has been able to use organic raw materials in the production of this product. It is clear that the education situation in Bahrain has grown well in the fields of medicine and laboratory materials, and as the evidence shows, Bahrain has been able to provide good economic approaches to education.

The security situation in Bahrain has also grown so well that the potential dangers for foreigners living in Bahrain are much lower than for others. As it is clear, in the economic calendar of this country, the government's investment in the field of security is very high. Bahrain has been able to grow well in the production of health products, especially women's health. 

What has made Bahrain famous in the world is the improvement of the urban transportation situation with financial stability, so that the tariffs for the tickets purchased in this country have the same rate, but the transportation security has improved a lot, the government of the country. 

Bahrain believes that the transport situation is an important issue that needs to be carefully assessed. It is clear that life in Bahrain is going in the right direction and the people of this city believe that urban development has been in the interest of civil rights.

The total value of re-exports decreased by 20% to reach BD143 million in the second quarter of 2020, compared with BD180 million for the same quarter of the previous year.

The top 10 countries accounted for 93% of the re-exported value, while the remaining countries accounted for the 7%.  Saudi Arabia ranked first with BD61 million, the United Arab Emirates second with BD24 million, and China third with BD18 million.

Four-wheel drive cars emerged as the top product re-exported from Bahrain with BD30 million. Parts for aero planes came in second place with BD14 million and cigarettes containing tobacco came third with BD9 million.

The trade balance, the difference between exports and imports, recorded a deficit totaling BD485 million during second quarter 2020 compared to BD492 million for the same quarter of the previous year, an improvement of the trade balance by 1%.

What goods are exported to Bahrain?

  • Mineral fuels, mineral oils, and their distillation products.
  • Machinery, mechanical equipment, nuclear reactors, boilers; its parts
  • Electrical machinery and equipment and its parts; Audio recorders and producers of TVs
  • Vehicles other than railway or tram warehouses and their parts and accessories
  • Inorganic chemicals; organic or inorganic compounds of precious metals from rare earth metals
  • Ore, slag, and ash
  • Natural or cultured pearls, precious or semi-precious stones, precious metals, coated metals
  • Ships, boats, and floating structures
  • Iron and steel and their products
  • Plastics and its products
  • Aluminum and its products
  • Pharmaceutical products
  • Dairy products
  • Birds' eggs
  • Natural honey
  • Meat and its products
  • Furniture
  • Bedding, mattresses, cushions, and similar wooden items
  • Salt
  • Essential oils and resinoids; Prepared for perfume, cosmetics
  • Nuts
  • Types of clocks (wrist, wall, desktop, etc.)
  • Tobacco
  • Types of men's and women's clothing

Bahrain plays one of the main roles for Iran in international trade and every year several items are exported from Iran, of which the following can be mentioned:

What goods are exported from Iran to Bahrain?

  • Flooring
  • Sweets
  • Ice cream
  • Nuts
  • Apples and cucumbers
  • Saffron
  • Industrial machines such as openers and movers

These are among the most successful Iranian exports to Bahrain and bring a lot of benefits to Iranian traders. Keep in mind that goods that are against the culture and religion of Bahrain (such as alcohol) are made in Israel, illegal weapons, counterfeit money is on Bahrain's banned list and cannot be exported.

Some important points about Iran's exports to Bahrain
There are major problems for exporters in our country that sometimes narrow the field for traders, such as the return of currency (which should be considered by the central bank), the supply of raw materials from the exporter, insufficient attention to research marketing.

If you want to have good exports, you must pay attention to the quality of the products, and domestic trade is very important in this regard; the more demand there is for products in our country, the more profitable it will be to sell them in foreign countries.

Exporting to Bahrain from Bushehr is one of the common methods of international transfers between Iran and Bahrain and has many advantages:

  • Easy access to warm southern waters
  • Low energy cost
  • Low-cost human resource
  • Cultural similarity between the two regions
  • Neighborhood

How is traditional and modern economy of Bahrain?

Bahrain reaches 60 exports in the field of petroleum products and the government revenue of about 30% of gross domestic production
Bahrain reaches 60 exports in the field of petroleum products and the government revenue of about 30% of gross domestic production

Bahrain's traditional economy is dependent on pearls. At present, the country has also achieved very good economic growth in the tourism industry. Bahrain has reached 60 exports in the field of petroleum products and the government revenue of about 30% of gross domestic production. Bahrain has seen a 64 percent increase in trade and services, with the construction sector accounting for about 17 percent. It also ranks high in industry and oil. Bahrain's agricultural situation has grown by about 6 percent. Chemicals in this country are imported from Japan. Fortunately, Bahrain's trade process is proceeding according to modern world standards, and no problem has been seen in this regard to date.

Bahrain's financial resources have grown by 12 percent, and the country's economic structure can grow at its best in recent years. Bahrain has seen a 34 percent increase in trade balances and a current account balance of more than 12 percent. Bahrain ranks more than 80% in terms of imports and exports, with 4.70 tonnes of gold reserves.

The situation of capital turnover in Bahrain has grown by about 96% and the production of crude oil in Bahrain is estimated at 50.00 BB. The rituals for the month of Ramadan in Bahrain are strictly held; the culture of this country is such that there are many nightclubs and people try to ask God for forgiveness. In the Islamic culture of Bahrain in general, there are many Islamic approaches, this issue is also seen in the hijab of Bahrain. The people of this country wear long clothes and often try to cover their hair because this country is a little strict in the matter of hijab.

Bahrain's economy, financial resources, and income
We know that Bahrain is not a rich country and part of its energy is provided by Saudi Arabia, but how can its financial resources be considered in the world? Bahrain has become very famous in the field of aluminum production in the world and has started its production and supply on a large scale. The country ranks first in the production of aluminum products in the Middle East, so the economic growth of Bahrain in the field of aluminum in the world is evident.

It ranks fifth in the world. The currency of Bahrain is the dinar. The price of the Bahraini dinar is mostly based on the banking and aviation sectors of the country. The exchange rate of the Bahraini dinar is very high in the field of industrial ports, industries, as well as the construction and repair of ships and ships. Economic approaches show that Bahrain has been very powerful in oil exploration, while its oil and gas resources are limited. The traditional economy in Bahrain is dependent on pearls, and now the country has been able to achieve very good economic growth in the tourism industry.

Bahrain accounts for 60 percent of petroleum exports and the government generally accounts for about 30 percent of GDP. Bahrain has seen a 64% increase in trade and services. The country also ranks high in industry and oil. Bahrain's agricultural situation has grown by about 6 percent, and in 1903 the country reached a very high economic level in pearl fishing and trade. Bahrain has also made great strides in the field of pearl fishing compared to other countries. Bahrain's most important mines are in the field of oil and gas so that the country has been able to achieve a good ranking in the field of aluminum foil ‎ production.

Horse and camel breeding is very common in Bahrain, and it is clear that the country has also excelled in vegetables and fodder. The situation of GDP in Bahrain is about 15% and the inflation rate in Bahrain is 0.20%. Bahrain's exports of oil and petrochemicals, as well as aluminum and textiles, to Saudi Arabia are up 5.3 percent; as it is known, the situation of Bahrain's exports to the United States is more than 5%.

Bahrain's products are mostly imported in the field of crude oil and machinery, and chemicals in this country are also imported from Japan. Fortunately, the Bahraini trade process is proceeding according to modern world standards, and no problem has been seen in this field to date. Is. Bahrain's financial resources have grown by 12 percent, and the country's economic structure has been able to grow at its best in recent years. The inflation situation in terms of basic items in this country is less seen than in other countries, and it is clear that Bahrain can provide a routine structure in the economic field.

Global ranking in all areas of Bahrain

Bahrain in terms of trade balances is -320.30 million dinars and the current account balance in this country is -834.70 million dinars
Bahrain in terms of trade balances is -320.30 million dinars and the current account balance in this country is -834.70 million dinars

The growth rate of GDP in Bahrain is about -2.49, the country's ranking in terms of gross fixed capital has grown by more than 33%. The situation of GDP in agriculture in Bahrain is about 8.93 million in the field of construction, 234.74 million, and from the mine 553.03 million. As it is known, in Bahrain, the housing situation and the structure are also seen in a safe situation, and the security of the structure in Bahrain has increased by about 30% than before.

Bahrain has more than 23 percent of GDP from public transportation, a 47 percent increase in welfare services, while the country ranks 89th in the world in terms of welfare services. And the government of this country values ​​citizenship.

Bahrain in terms of trade balances is -320.30 million dinars and the current account balance in this country is -834.70 million dinars. Bahrain ranks more than 80% in terms of imports and exports, with 4.70 tonnes of gold reserves.

The turnover situation in Bahrain has grown by about 96% and crude oil production in this country is estimated at 40.00 BB. Bahrain has generally had good approaches to credit assessments. Food inflation in Bahrain is about 1 percent and the consumer price index for transportation based on index points is 100.00 and the GDP adjustment coefficient based on index points is 107.18. Bahrain's situation in the stock market has also grown a lot.

Type of government and political structure of Bahrain
The political structure in Bahrain is a constitutional monarchy, as the constitution was adopted in 2002. The legal system in this country seriously includes the Islamic sections. The legislature in Bahrain has two houses, the Shura and the House of Representatives. Both parliaments in this country have 40 members and all members of the parliament are elected by the Amir and all members of the House of Representatives are elected by direct popular vote. There are about 15 political parties in the country, including religious, liberal, leftist, and Ba'athist. The political situation in this country is similar to a dictatorship, but the people of Bahrain do not get involved in politics.

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