Bahrain announces 1.6percent economic growth in q3 2019.

Bahrain's economy grew by 1.6 percent in the third quarter of 2019, up by 0.57 percent compared to the same period last year. According to the Q3 2019 Bahrain Economic Quarterly report from the Ministry of Finance and National Economy, the private sector grew by 1.6 percent in the third quarter of 2019 from a (revised) 0.3 percent in Q2, while the oil sector contracted by 0.1 percent as production held steady.

The transportation and communication sector, supported by Gulf Air's route expansion, led growth at 6.4 percent year on year (YoY). The hotels and restaurants sector also grew strongly at 6.3 percent YoY, as did the manufacturing sector at 4.1 percent YoY, bolstered by the launch of Alba's Line 6. The report also revealed that the total number of visitors arriving through Bahrain's International Airport saw a 2.9 percent increase to just over 800,000, while the occupancy rate at 5 and 4 star hotels reached 51...