Tamkeen > Market Intelligence Review
TAMKEEN

Market Intelligence Review

  • Executive summary

    Total employment declined marginally in Q1 2020 compared to the previous quarter. This was mainly due to a decline in total employment of non-Bahrainis, at the same time Bahraini employment registered an increase of 2.37% in the private sector. The market also has recorded a decrease in newly registered workers compared to the previous quarter. Total number of entities in the country decreased in Q1 2020 by 0.32%. This marginal drop can be attribute to the global pandemic and its impact on business entities. Financial sector activities declined Q1 2020 by 2.6% (constant prices) compared to the previous quarter.

    The employment in the sector has maintained its high Bahrainization rate at 58% despite the decline in total employment. In terms of average wages, financial sector still leads amongst other sectors with average wages for Bahrainis recording BD1,634. Sales & Trade is one of the highest populated sector with Bahraini workers compared to other sectors historically, it registered an increase of 0.74% totaling Bahrainis to 20,342 workers. Average wages for Bahrainis in the sector witnessed an increase of 2.4%, reaching BD 505 in Q1 2020 compared to the previous quarter. During Q1 2020 Tamkeen served more than 2,500 customers in its enterprises and individuals programmes. As part of Tamkeen’s mandate to support enterprises, the Finance Schemes support offered to the businesses “Tamweel, Tamweel+, Women Scheme” had a contribution of BD. 11,775,295 for the first quarter in 2020.

  • Section (A): Economic Dynamics

    Lorem ipsum dolor sit, amet consectetur adipisicing elit. Distinctio natus dolorem molestiae. Quisquam obcaecati deleniti magnam. Aliquam dolor, iure expedita tenetur a quibusdam nam dignissimos hic error at odio, minima quidem reiciendis, cupiditate placeat nobis doloribus. Quasi error vitae cum quis, assumenda impedit voluptate soluta. Dolorum sit incidunt quis quia, modi totam adipisci nemo iusto nihil cumque molestiae nam asperiores inventore itaque autem iste optio eos fugit consequatur nostrum. Atque ullam fugiat repellendus eum dicta architecto enim eius beatae magni, eaque ea porro ipsum harum esse reiciendis, veniam error quis nostrum optio! Doloremque ab tempora perferendis natus doloribus laboriosam quaerat?

  • Section (B): Tamkeen Data

    Lorem ipsum dolor sit, amet consectetur adipisicing elit. Distinctio natus dolorem molestiae. Quisquam obcaecati deleniti magnam. Aliquam dolor, iure expedita tenetur a quibusdam nam dignissimos hic error at odio, minima quidem reiciendis, cupiditate placeat nobis doloribus. Quasi error vitae cum quis, assumenda impedit voluptate soluta. Dolorum sit incidunt quis quia, modi totam adipisci nemo iusto nihil cumque molestiae nam asperiores inventore itaque autem iste optio eos fugit consequatur nostrum. Atque ullam fugiat repellendus eum dicta architecto enim eius beatae magni, eaque ea porro ipsum harum esse reiciendis, veniam error quis nostrum optio! Doloremque ab tempora perferendis natus doloribus laboriosam quaerat?

  • Sources

    Lorem ipsum dolor sit, amet consectetur adipisicing elit. Distinctio natus dolorem molestiae. Quisquam obcaecati deleniti magnam. Aliquam dolor, iure expedita tenetur a quibusdam nam dignissimos hic error at odio, minima quidem reiciendis, cupiditate placeat nobis doloribus. Quasi error vitae cum quis, assumenda impedit voluptate soluta. Dolorum sit incidunt quis quia, modi totam adipisci nemo iusto nihil cumque molestiae nam asperiores inventore itaque autem iste optio eos fugit consequatur nostrum. Atque ullam fugiat repellendus eum dicta architecto enim eius beatae magni, eaque ea porro ipsum harum esse reiciendis, veniam error quis nostrum optio! Doloremque ab tempora perferendis natus doloribus laboriosam quaerat?

  • Direct Contact

    Lorem ipsum dolor sit, amet consectetur adipisicing elit. Distinctio natus dolorem molestiae. Quisquam obcaecati deleniti magnam. Aliquam dolor, iure expedita tenetur a quibusdam nam dignissimos hic error at odio, minima quidem reiciendis, cupiditate placeat nobis doloribus. Quasi error vitae cum quis, assumenda impedit voluptate soluta. Dolorum sit incidunt quis quia, modi totam adipisci nemo iusto nihil cumque molestiae nam asperiores inventore itaque autem iste optio eos fugit consequatur nostrum. Atque ullam fugiat repellendus eum dicta architecto enim eius beatae magni, eaque ea porro ipsum harum esse reiciendis, veniam error quis nostrum optio! Doloremque ab tempora perferendis natus doloribus laboriosam quaerat?

Disclaimer

This document is a quarterly review of key economic and sectoral developments in Bahrain. It contains a selection of economic data extracted from external sources such as IGA, LMRA, CBB, MOFNE, MOICT and EDB to analyze recent market trends as well as the overall economic situation in Bahrain. This document will also draw on Tamkeen’s internal sources to shed light on major projects and information about services provided to the market. Our intended audience includes Tamkeen partners, beneficiaries, and staff, as well as anyone interested in recent economic dynamics in Bahrain. This document contains information in a summary form and is therefore intended for general guidance only. It is not intended to be a substitute for detailed research or the exercise of professional judgement. Neither Tamkeen nor its staff accepts any responsibility and will not be liable for loss arising directly or indirectly to any person acting or refraining from action as a result of any material in this document.

This report has been prepared by Tamkeen’s Strategy and Planning Department. This report has been prepared by Tamkeen’s Strategy and Planning Department.

This report has been produced as of 27 September 2020 using the data of quarter 1 of the year 2020.