Wednesday, September 30, 2020

84% of investors expect an improved or stable investment climate during Q2 2020

The Kingdom of Bahrain’s Business Confidence Index (BCI) showcased that84% of investors expect the improve or the stabilize of investment climate during Q2 2020.

The index registered a slight drop of 2.75 in Q2 of 2020 compared with Q1, a Quarterly Business Perception Survey (QBPS) conducted by the Information & eGovernment Authority’s (iGA) Statistics & Population Registry Directorate has shown. Business Performance stood at 97.17 basis points during Q2 2020, with 39.3% of companies expressing an optimistic outlook on commercial activities. The results show that 44.6% of them expected to show stable performance, compared to 16.1% who were dissatisfied with their performance outlook.

The survey revealed that 25.2% of companies were satisfied with their performance during Q1, and 20.6% were dissatisfied. A total of 54.3% reported business stability, with the current situation balance coming in at 4.6 basis points, a decrease of 7.9 compared to the previous quarter’s 12.5 points, the result of the novel Coronavirus (COVID-19) pandemic.

The strongest business confidence based on performance was shown by banks, real estate companies, and establishments with turnovers of at least BD1 million. Business forecasts for Q2 2020 were also positive at 13.7 basis points, recording a decrease of about 6 points from the 19.7 points shown in the previous quarter.

The survey measured business confidence by company size, industry and investment type, with the majority expecting their performance to be stable during this period. A positive outlook overall was recorded in the BCI’s business performance, profits, and competition sub-indices in Q1 2020, compared to the results of the Q2 2017 survey which were used as a base.

The survey was conducted in cooperation with the Bahrain Economic Development Board, the Central Bank of Bahrain (CBB) and the Ministry of Industry, Commerce & Tourism, with the aim of providing information to investors, decision makers and economic policymakers. The availability of this information helps foster an investor-friendly and competitive business environment allowing decision-makers to take appropriate actions based on confidence levels relative to company size, industry, and investment type.

Business confidence indices are calculated using the results of surveys carried out by iGA on a sample of the business community. These range from micro to large enterprises, including those classified as foreign and local investments with sizeable capitals and those which include foreign shareholders (as indicated by the information in their commercial registrations). The survey’s aim is to provide an indicator of the confidence levels of active establishments registered at the Ministry of Industry, Commerce & Tourism, as well as those licensed by Central Bank of Bahrain (CBB).

For more information or details on current surveys, please visit the Bahrain Open Data Portal, data.gov.bh.

MOST READ

NSSA announces NASA SpaceApps Challenge

The National Space Science Agency (NSSA) has announced its online registration for university and high school students to participates in the NASA Space App...

Microsoft’s new Xbox app for iOS includes game streaming

Microsoft is about to release a big Xbox app update for iOS that includes the ability to stream Xbox One games to an iPhone....

Bahraini hero Hamza Kooheji beats Aidan James and edges closer to a BRAVE CF title shot

Bahrain’s own Hamza Kooheji earned perhaps the biggest victory of his career as he walked away with a split decision win over Aidan James,...

Gulf Air Resumes Direct Flights to Amman

Gulf Air, the national carrier of the Kingdom of Bahrain, announces that it has resumed its direct flights to and from Amman’s Queen Alia...

REACH Behavior and Development Center opened

Cabinet Affairs Minister Mohammed bin Ibrahim Al Mutawa has inaugurated the "REACH Behavior and Development Center for Children with Autism and Developmental Delay", the...

BRAVE CF and BTEA partner for Kombat Kingdom series

BRAVE Kombat Federation, the biggest sports-brand in Bahraini history, is partnered up with the Bahrain Tourism & Exhibitions Authority to showcase to BRAVE Nation...

Health Minister hails ‘Shaikh Isa bin Ali Award for Voluntary Work’

Health Minister, Faeqa bint Said Al-Saleh, has expressed sincere thanks and gratitude to the Cabinet Affairs Ministry’s Undersecretary and Good Word Society’s Honorary President,...

Gulf Air proudly resumes direct flights to and from Saudi Arabia

Gulf Air, the national carrier of the Kingdom of Bahrain, proudly announces the resumption of its direct flights to and from the Kingdom of...

The All New E-Class: More Intelligent and Sportier than ever before

The all-new 2021 Mercedes-Benz E-Class Sedan has now arrived in the Kingdom of Bahrain. First unveiled at The Avenues – Bahrain, the 2021 E-Class...

Launch of the “Made in Bahrain” initiative and Broadcasting Chinese Macau Orchestra Concert on the Occasion of World Tourism Day

The Bahrain Authority for Culture and Antiquities celebrated the World Tourism Day, Sunday, September 27, 2020, with launching the “Made in Bahrain” initiative, and...

HM King addresses United Nations General Assembly

His Majesty King Hamad bin Isa Al Khalifa has delivered Bahrain’s address to the 75th session of the United Nations General Assembly in New...

BeAware App to offer coronavirus PCR test certificate service

The Information & eGovernment Authority (iGA) Chief Executive, Mohammed Ali Al Qaed announced that the “BeAware Bahrain” App will begin providing a Real Time...

Business ventures from Thailand continues in The Kingdom of Bahrain

Since the outbreak of Covid-19 that has unleash an economic downfall, Thai business collaborations continues, expanding business ties between The Kingdom of BAHRAIN AND...

The Sustainable Energy Authority, and Rashid Equestrian & Horse Racing Club Signs MoU in the field of Renewable Energy

Dr Abdul Hussein bin Ali Mirza, Chairman of the Sustainable Energy Authority, and Sheikh Salman bin Rashid Al Khalifa, Executive Director of the Rashid...

UoB Students Can Pay for Courses and Buy Textbooks Online Via Bahrain.bh!

A busy academic year ahead, compounded with the pressures of maintaining social distancing, may find some students feeling overwhelmed. Such challenges have been a...