Governor of Central Bank of Bahrain stresses the success of its policy

Manama, Feb. 1. (BNA) –Governor of Central Bank of Bahrain, Rasheed Mohammed Al Miraj stressed that developing the efficiency of the economic policies and the activity level of the administrative bodies are a main factor to attract foreign investments to Kingdom of Bahrain. He highlighted that Bahrain has allocated a great concern to developing the

Manama, Feb. 1. (BNA) –Governor of Central Bank of Bahrain, Rasheed Mohammed Al Miraj stressed that developing the efficiency of the economic policies and the activity level of the administrative bodies are a main factor to attract foreign investments to Kingdom of Bahrain.

He highlighted that Bahrain has allocated a great concern to developing the Islamic Banking, where it has a distinctive experience in this regard, for it attracted 24 Islamic Banks, eight Takaful Companies, and 100 Islamic investment funds.

In an exclusive interview with Bahrain News Agency (BNA) the Governor said “The national economy was able during the past two years to achieve positive growth rates, due to the economic policies and the government’s initiatives to revitalise the economic activity.”

The Governor also said “There is a special concern from Central Bank of Bahrain allocated to a number of financial and monetary sectors, particularly the banking and insurance sectors, as well as the national Bourse, which is considered the main tools to achieve monetary stability and ensure a conducive and an attractive business environment for investment flows.”

The Governor pointed out that the number of financial and banking institutions licensed by the Central Bank of Bahrain has reached 407 at the end of September 2013, compared with 406 Foundation in January 2011. He said that more than 14 thousand staff work in the financial sector.

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