Bahrain

John R. Presley and Rodney Wilson
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John R. Presley: Loughborough University
Rodney Wilson: University of Durham

Chapter 4 in Banking in the Arab Gulf, 1991, pp 67-89 from Palgrave Macmillan

Abstract: Abstract The island of Bahrain has always benefited from its geographical situation at the centre of the Gulf. Links with the nearby Arabian mainland have been important historically, and are now more significant than ever since the completion of the causeway which provides a physical connection. Bahrain has a long seafaring tradition and was an important centre for trade and commerce long before the advent of oil. Its pearling industry was of international significance, with the pearls marketed through the Bombay merchant community, not only to the Indian sub-continent, but throughout the British Empire.1 In addition Bahrain became the main British military base on the Arab side of the Gulf, with naval and airforce facilities which played a vital strategic role until the 1960s.

Keywords: Saudi Arabia; Commercial Bank; Foreign Bank; Islamic Bank; United States Dollar (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10791-9_4

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DOI: 10.1007/978-1-349-10791-9_4

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