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Bahrain ranks top on the Fraser Economic Freedom Index
02 : 56 PM - 10/10/2012
Manama: Oct. 10 – (BNA) The Kingdom of Bahrain has ranked first in the Economic Freedom Index in the Middle East and North Africa (MENA) region and the seventh internationally, according to the Fraser Institute Report 2012.
The report issued by Fraser Economics Institute adopts five key themes in economic liberties in addition to sub variables which form criteria for classification of countries all over the world in terms of economic freedom. These themes include indices pertaining to government volumes, legal system, intellectual property rights security, accessibility to sound funds, freedom of international trade and organization of credit, manpower and companies.

The Kingdom of Bahrain scored 7.94 out of ten points, thus ranked seventh internationally after Hong Kong which scored 8.9 points, Singapore 8.69, New Zealand 8.36, Switzerland 8.24, Australia 7.97, Mauritius 7.90, Finland 7.88 and Chile 7.84.

GCC-wise, the Kingdom has retained its top position in terms of economic freedom followed by the UAE at 7.38, State of Qatar 7.7, State of Kuwait 7.66, Sultanate of Oman 7.64 and the Kingdom of Saudi Arabia 7.06.

The Kingdom of Bahrain's retaining of advanced positions in the Fraser Report and other economic freedom reports reflects the Kingdom's excellent performance thanks to ongoing reforms and efforts being exerted in order to develop economic infrastructure and regulations which encourage local and overseas investments, trade and business in line with most optimum international standards and practices in all aspects which create a favorable environment attractive to investors and investments from all over the world. (IY)

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