| Official Name: |
Kingdom of Bahrain (Bahrain means “two seas” in Arabic) |
|
| Population: |
1,2 million |
|
| Capital: |
Manama |
|
| Government: |
Constitutional Monarchy |
|
| Leaders: |
King Hamad bin Isa Al-Khalifa |
|
| Religion: |
Muslim 81.2% (Shia and Sunni), Christian 9%, Other 9.8% |
|
| Languages: |
Arabic is the official language, however, English is widely used particularly in commerce |
|
| GDP: |
$29.71 billion (CIA 2010 est.) |
|
| GDP/Capita: |
$40.300 (CIA 2010 est.) |
|
| Main exports: |
Oil, Pearls |
|
| Time zone: |
GMT +3 |
|
| International dialing code: |
973 |
|
| Currency: |
1
Bahraini Dinar (BHD) = USD 2.6525 |
Bahrain is often considered one of the most progressive countries in the Middle East. Since independence from Britain in 1971, it has achieved astonishing growth figures, mainly as a result of large oil reserves. Bahrain’s political system has evolved into a constitutional monarchy, which was formally established in 2002 under King Hamad bin Isa al-Khalifa. The Sunni al-Khalifa clan has governed the country since the late 18th century and its members constitute the vast majority of the ruling elite, most notably in Prime Minister Khalifa bin Salman al-Khalifa. Bahrain experienced heavy turmoil as revolutions spread across the Middle East in early 2011. The wave of demonstrations on Bahrain’s streets has not resulted in the toppling of the regime but has forced it to make some concessions.
In 2010, Bahrain was ranked as number 13 in the Index of Economic Freedom, making it the freest economy in the Middle East/North Africa region. Bahrain remains a close ally to the West. In 2006, it was the first country in the Persian Gulf to sign a Free Trade Agreement (FTA) with the United States. Bahrain seeks to diversify its economy, for example by establishing itself as a world leader in Islamic finance. Still, the oil industry remains the dominant factor in the economy – about 70% of government revenues stems from petroleum production and refining.
Despite its cosmopolitan profile, Bahrain very much remains an Islamic state. Therefore, foreigners are expected to respect local customs. It should be noted, however, that the sight of foreigners is common in Bahrain - a mere 40% of the working force is native Bahraini.
Bahrain consists of 33 islands strategically located in the Persian Gulf. While it enjoys a privileged geographic position, it has suffered problems with its own environment, particularly in terms of water resources, desertification and dust storms. Unsurprisingly, its territory is mainly made up of dry lands and desert, even though it has managed to secure more fertile land in the north by using artificial irrigation systems. Average temperatures between May-October and December-March are approximately 29 °C (84 F) and 21 °C (70 F) respectively.