Bloomberg News

Bahrain Unrest May Do Serious Harm to Economy, Gulf News Says

April 03, 2012

Bahrain’s Chamber of Commerce and Industry said that persistent unrest may have “catastrophic effects” on the nation’s economy and warned that investors may pull out if it doesn’t abate, Gulf Daily News said.

The chamber said businesses, especially small and medium enterprises and family-run businesses, have suffered major losses in the past few months, the newspaper reported, citing a statement issued by the chamber. Tensions have simmered in the island nation since the Sunni monarchy cracked down on one month of mass rallies last year by mostly Shiite demonstrators demanding democracy and equal rights.

To contact the reporter on this story: Donna Abu Nasr in Manama at dabunasr@bloomberg.net

To contact the editor responsible for this story: Louis Meixler at lmeixler@bloomberg.net


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