Bahrain Employment and Career News
Bahrain financial sector employment rate indicates growth
Despite the global financial turmoil last year, the financial services job sector in Bahrain grew by 1.5 percent. Towards the end of last year, about 14,137 people were employed in the financial industry, in comparison to 13,922 during end of 2008.
The non-banking financial sector was the main factor behind the job boost, with insurance firms, money changers, money brokers, capital market brokers, investment advisory businesses, and Bahrain Stock Exchange, adding 851 new jobs, an increase by 19.6percent, totaling to a total of 5,1919 employees.
The annual survey conducted by the Central Bank of Bahrain (CBB), the Bahraini workforce employed by the financial services sector, touched 9,313 last year, an increase of 30 jobs, over the figure of 9,283 in 2008.
These figures indicate that despite the global financial crunch, the Bahraini financial services sector has been able to continue to create additional jobs during the year.
This also reflects the successful implementation of the CBB policy to ensure a diversified financial sector and strengthening of non-banking financial services, which helps in balanced development of the sector, while also limiting the impact of economic cycle.
Posted on 10/3/2010
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