Saturday 23 November 2024
 
»
 
»
Story

Bahrain unrest takes toll on economy

Manama, November 28, 2011

Protesters inflicted devastating harm on Bahrain's economy at the height of the unrest, with 97 per cent of local businesses badly affected and 84.6 per cent reported loss of income.

The Bahrain Chamber of Commerce and Industry (BCCI) conducted an independent survey on the economy, which revealed that the construction and industrial sectors were the most affected by the February and March unrest, according to the Bahrain Independent Commission of Inquiry (BICI) report.

A total of 835 businesses sought immediate aid from the BCCI in connection with difficulties they were facing as a result of the unrest.

The negative impact sustained by several businesses also prohibited them from rehiring dismissed employees, even after the State of National Safety was lifted and the economy started blooming again. – TradeArabia News Service




Tags: Bahrain | BCCI | business | income | unrest | loss | Protester |

More Finance & Capital Market Stories

calendarCalendar of Events

Ads