Bahrain – which name means “two seas” – was one of the first states in the Gulf to discover oil and to build a refinery. It never reached the levels of production enjoyed by Kuwait or Saudi Arabia, and so has had to diversify its economy.
Located in one of the world’s chief oil-producing regions, Bahrain itself has only small stores of petroleum. Instead, its economy has long relied on processing crude oil from neighboring countries, and more recently the financial, commercial services, and communications sectors have grown markedly, as has tourism.
Bahrain in Brief:
Bahraini Dinar (BHD)