Global survey ranks Bahrain as MENAs most economically free country.

By bne IntelliNews September 19, 2012
Bahrain ranked highest among the MENA countries in the latest Fraser Institutes annual Economic Freedom of the World report published on September 18, 2012. The ranking measures the degree to which the policies and institutions of countries are supportive of economic freedom and its main components include the size of government (taxing and spending), legal structure and security of property rights, access to sound money, freedom to trade internationally, and regulation, including credit markets, labor and business regulations. Bahrain ranked seven out of the 144 countries included in the report scoring 7.94 points out of 10 in 2010, the last year for which complete statistics are available. The country moved up three places from the previous edition of the report. The second best ranked MENA country was the UAE climbing six places to the 11th position. Qatar followed with its 17th position, ahead of Kuwait (19), Jordan (23) and Saudi Arabia (65). The North Mediterranean countries lagged behind Tunisia (80), Egypt (99), Morocco (102) and Algeria (137).
Notice: Undefined index: social in /var/www/html/application/views/scripts/index/article.phtml on line 259

Related Articles

Bahrain Middle East Bank fully repays USD 13mn debt.

Bahrain Middle East Bank made a USD 13mn full repayment of a loan obligation including a USD 1.4mn interest payment taking total repayments by the troubled lender to USD 43mn, the bank said in ... more

National Bank of Abu Dhabi launches USD 17mn Uridashi bond, MENAs first ever.

National Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, initiated a USD 17mn fifteen-year Uridashi bond, MENA's first ever, allowing the bank to directly access Japanese ... more

GCC economies resilient to MENA turmoil but constrains persist S&P.

The GCC economies remain insulated from economic and political turbulence in the MENA region and globally but structural challenges continue to constrain sovereign ratings, ratings agency ... more