Cookie Preference Centre

Your Privacy
Strictly Necessary Cookies
Performance Cookies
Functional Cookies
Targeting Cookies

Your Privacy

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences, your device or used to make the site work as you expect it to. The information does not usually identify you directly, but it can give you a more personalized web experience. You can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, you should know that blocking some types of cookies may impact your experience on the site and the services we are able to offer.

Strictly Necessary Cookies

These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site may not work then.

Cookies used

ContactCenterWorld.com

Performance Cookies

These cookies allow us to count visits and traffic sources, so we can measure and improve the performance of our site. They help us know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies, we will not know when you have visited our site.

Cookies used

Google Analytics

Functional Cookies

These cookies allow the provision of enhance functionality and personalization, such as videos and live chats. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies, then some or all of these functionalities may not function properly.

Cookies used

Twitter

Facebook

LinkedIn

Targeting Cookies

These cookies are set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant ads on other sites. They work by uniquely identifying your browser and device. If you do not allow these cookies, you will not experience our targeted advertising across different websites.

Cookies used

LinkedIn

This site uses cookies and other tracking technologies to assist with navigation and your ability to provide feedback, analyse your use of our products and services, assist with our promotional and marketing efforts, and provide content from third parties

OK
BECOME
A MEMBER
TODAY TO:
CLICK HERE
[HIDE]

Here are some suggested Connections for you! - Log in to start networking.

Foreign Economics - Finnegan Pierson - ContactCenterWorld.com Blog

Foreign Economics

Many Economies around the world are heavily energy dependent. Producing and refining the energy resources that people use on a daily basis is a task that is needed and very lucrative. Energy producing nations are always looking for the latest technological advancements to extract these resources in the most environmentally friendly ways. Preservation of the earth is imperative in the utilization of these resources. Extraction of these resources in a non sustainable way could lead to the resource being irreversibly depleted. The country Bahrain top export is oil and natural gas, like many other nations in the region, though not as large. This financial capital of is one of the freest economies on earth.

Top Exports

Petroleum, aluminum, banking and tourism are the top exports of Bahrain. Accounting for over 70% of government revenues, petroleum is by far the most lucrative Bahraininan export. Far from being the top producing exporter in the middle eastern/northern Africa region. It still remains a formidable force in the global petroleum trade. Aluminum comes second to petroleum as a viable resource that Bahrain produces in abundance. The financial and tourism sector are industries that have made their marks in recent years, as natural resources peaked and are now declining. As the world is moving towards a more sustainable energy resources, Bahrain Economics has been negatively impacted. This quest for a greener approach to energy needs globally has led to budget deficits in Bahrain, an already small oil producer in the Middle East.

Decreasing Production

Do to the diminishing oil supply in Bahrain other industries such as international banking have become more of the focus. The thriving financial sector has led to Bahrain being deemed the business capital of the gulf. Many multinational firms call Bahrain home, with highly developed transportation and communication facilities Bahrain is favored in the region. Aluminum products have also been an incentive as oil production has slowed. A variety of aluminum products are produced in Bahrain, such as billets, liquid metal, slab, etc. Producing over 900,00 metric tons of aluminum, Bahrain is one of the top aluminum smelters worldwide. Oil export still remain the bread and butter for the Gulf nation, although it may be the first of the gulf states to exhaust its reserves. Due to this inevitable outcome Bahrain is moving towards more sustainable industries.

Economic Factor


Regulation has also taken its toll on Bahrain economy. Opec compliance has led to production cuts as environmental considerations have become stringent. Fixed investment in the country is strong being that bank lending has increased due to low interest rates. Petroleum merchandise products also are on the rise. The overall outlook is positive and is due to accelerate as financial support comes in from neighboring nation states. Public spending will remain an issue due to weak government finances.


The Future


Looking ahead Bahrain will look to push their financial industry even further, as they have been deemed the modern economic center of the middle east. Its economy is considered to be modern, open and free. Recognized as a high income economy by the World Bank, Bahrain is attracting more foreign investment than ever. Reducing its dependence on oil is what has led to the modern economic progress. Real estate has become of interest, as Bahrain has one of the strongest markets in the region. Infrastructure development is a top priority as more foreign business is attracted. The tourism industry in Bahrain remains vital and is constantly looking for ways to improve. Ancient archaeological sites and markets are a must see for inquisitive visitors. Bahrain will continue to diversify its economy, embrace its accession in the financial sector and reduce its dependent relationship with oil.


Sponsor message - content continues below this message

2022 '17th annual' Global Contact Center World Awards NOW OPEN

Enter your Center, Strategy, Technology Innovation, Teams and Individuals into the ONLY TRULY GLOBAL awards program - regarded by many as being like the Olympics for the Contact Center World! Join the best from over 80 nations and compete for the most prestigious awards out there!

FIND OUT MORE HERE


Content continues ….

 

Publish Date: December 5, 2019 3:04 PM

About us - in 60 seconds!

Industry Champion Award Leaderboard

Most active award (top 10) entrants in the past 48 hours! - Vote for Others / About Program
Submit Event

Upcoming Events

The most important day of the year for the CC & CX industry in the world!

We are proud to announce the winners of The 2022 '17th Annual' Global Top Ranking Performers Awards, The World's Most Prestigious Awards in the industry! Read More...
 292 

Newsletter Registration

Please check to agree to be placed on the eNewsletter mailing list.

Latest Americas Newsletter
both ids empty
session userid =
session UserTempID =
session adminlevel =
session blnTempHelpChatShow =
CMS =
session cookie set = True
session page-view-total = 1
session page-view-total = 1
applicaiton blnAwardsClosed =
session blnCompletedAwardInterestPopup =
session blnCheckNewsletterInterestPopup =
session blnCompletedNewsletterInterestPopup =