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  • Foreign Policy Magazine

    Bahrain: The innovation-driven financial hub

    Jan 17, 2022 3 minutes

    The financial services sector is Bahrain’s second-biggest industry after oil and gas, with the 376 financial institutions operating in the country contributing 17.3% of its gross domestic product in 2020, up from 16.1% in 2019. At the sector’s heart is a wide range of local, regional and global banks, which together managed total assets of $207.4 billion in 2020.

    According to Adnan Ahmed Yousif, chairman of the Bahrain Association of Banks, the country stands out as a financial center due to the diversity of these

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