Gulf countries, including Bahrain, weathered the pandemic storm by taking a wide range of fiscal measures that have helped their economies, according to a latest report.
Higher oil prices coupled with business-friendly and social reforms that improved competitiveness helped the Middle Eastern countries return to growth last year, said an analysis by the Oxford Business Group (OBG) released yesterday.
It added that a number of governments launched and implemented long-term plans aimed at diversification and modernisation following the economic contractions faced in 2020.
Click here to read more.
