Feb 8The Spice of LifeAnd of Economic Sustainability — In a recent video by the Wall Street Journal, Bahrain is described as being the “most diversified economy in the region”, highlighting the percentage contributions of different sectors towards Gross Domestic Product (GDP). …6 min read6 min read
Jan 14, 2022Member-onlyThe Price of MoneyAnd so of everything else — Let’s start with the conclusion If you buy a BD 100,000 house with a 25-year mortgage loan at 5%, you pay around BD 75,000 in interest over the life of the loan. At 6%, it’s BD 93,000 — almost BD 20,000 higher (!). …5 min read5 min read
Aug 9, 2021Member-onlyThe Cost of LivingDo you remember back in 2010 when Coca Cola and Pepsi both raised their prices from 100 to 150 fils for the soft drink cans? It was their first price hike in 30 years, with both companies blaming higher input costs, including labor and raw materials. I recall it caused…8 min read8 min read
Jan 12, 2021Member-onlyBitcoin!Bitcoin has gotten a lot of attention lately (again), so I figured I’d write something down to try and get my own thoughts in order. …5 min read5 min read
Aug 25, 2020A Climate Change ProblemThe COVID-19 pandemic has made it painfully clear that no economic solution is possible without a public health solution. In fact, anything short of a safe, effective vaccine or cure would mean some kind of permanent changes to how we live — either we modify our habits and lifestyles to…5 min read5 min read
Jul 30, 2020A Labor Market ProblemAn over-reliance on low-cost migrant labor The populations of the six Gulf Co-operation Council member countries are unique in that their populations include extraordinary numbers of foreign migrants, primarily from South and East Asia, most of whom have no pathway to obtaining any type of permanent residency. Bahrain is no…7 min read7 min read
Jul 17, 2020Member-onlyCOVID-19 & Public PolicyAt the time of writing this piece, it has been 127 days since the World Health Organization declared the COVID-19 outbreak as a global pandemic. Nations have since imposed lockdowns, with some states and cities cycling through shutdowns and re-openings. We are all eagerly waiting for the discovery of a…3 min read3 min read
Jul 16, 2020A Pension Fund ProblemOn July 13, 2020, Decree-Law 21/2020 was issued regarding reforming several pension funds laws and regulations. These were specifically related to 4 of the 10 recommendations made regarding the Social Insurance Organization (SIO), and were highlighted as urgently needed to prevent the funds from becoming insolvent. The issue with the…5 min read5 min read