Wednesday, 30 January 2013

Bahrain Commercial Banking Report Q1 2013

Bahrain Commercial Banking Report Q1 2013
Jan 30th 2013, 00:00

BMI View: The Bahrain IT market will grow by around 7% in 2013, despite the recent political unreston the streets of Manama. BMI expects Bahraini consumption of digital lifestyle products such assmartphones and smart TV sets to hold up relatively well in 2013, particularly following recent hikes topublic sector salaries. The 15% wage increase for all civil servants in August 2012 certainly helped inthis regard, as will the ongoing rise in total employment in the private sector. Household spending inBahrain was forecast to tick higher in 2012 and despite remaining economic uncertainties, increaseddemand for mobility and lower prices, as well as greater vendor and chann...

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