Today, the Gulf countries’ economy is a robust one: its gross domestic product of $1.6 trillion has overtaken that of advanced economies such as Australia, Canada, and South Korea. The Gulf economies have a unique structure that features the dominance of natural resources, the near absence of taxes, unrestricted labor markets, and an open investment environment. As a result of these unprecedented traits, the Gulf economies defy traditional methods of analysis and conventional diagnostics, creating a need for local specialists to undertake the task of studying and following the economics of the Gulf countries in a detailed manner and on a daily basis.
Further, in light of the fact that approximately 40% of the world’s oil reserves and 15% of the world’s natural gas reserves lie in the Gulf Cooperation Council countries, the Gulf economy plays a significant role in the global one, and Gulf economic issues command the interest of scholars from disciplines including strategic studies, international studies, and economics.
In spite of its small size (a population of 1.2 million), Bahrain has become a distinctive economy in the wake of its transformation into a global hub for Islamic finance over the last 25 years. In the international scene, Islamic banking has changed from a small and marginal subsector of the huge international financial sector into a rapidly growing and promising entity. Moreover, as a result of its historical openness, Bahrain has assumed the role of a gateway to the most important Gulf economy –Saudi Arabia, reinforcing the importance of closely following the Bahrain economy.
VisionDelivering distinctive information and analyses with the goal of assisting Bahraini and Gulf policymakers to construct the best policies based on economic considerations.
- Producing substantial research on Bahraini and Gulf economic issues
- Producing research on economic issues that serves the interests of Bahraini and Gulf policymakers
- Creating a forum for the exchange of ideas regarding Bahraini and Gulf economic issues
- Developing the skills of Bahraini youth in the field of scientific research
- Producing research on Bahraini and Gulf economic issues and publishing it in international peer-reviewed journals or tailoring it to the requirements of Bahraini and Gulf Cooperation Council policymakers.
- Producing reports on Bahraini and Gulf economic issues that service the needs of Bahraini and Gulf policymakers.
- Organizing seminars and workshops for specialists in the program’s field and for researchers and others interested in economics studies.
- Involving Bahraini youth in the program’s various activities to assist in developing their skills and in producing a pool of Bahraini talent specialized in economics studies.
- Launching a monthly bulletin that tracks the Bahraini economy’s latest developments
- Launching a quarterly report that analyzes the Bahraini economy’s most important developments
- Cooperating with Bahraini and Gulf organizations to expand the program’s activities within its intended scope
- Developing the program’s junior associates by involving them in the production of research