The business confidence in Bahrain has increased, according to a survey conducted by the Information & eGovernment Authority (iGA) among institutions in the kingdom.

As much as 52.6 per cent of institutions surveyed expressed their optimism in the continued improvement of the business environment as well as commercial activities during the upcoming period, the survey said.

On the other hand, 41.4 per cent of respondents expected the business climate to remain steady, while 6 per cent were pessimistic towards their future situation and trade.

The survey was conducted to measure indexes of investors’ confidence, evaluate the current situations as well as expectations of future performance and activities, it said.

As for opinions of institutions of their situation during the second quarter of 2017, the survey found that 35.9 per cent of institutions expressed satisfaction with their performance, compared to 24.9 per cent in the last quarter, while 12.6 per cent of these institutions were dissatisfied during Q2.

The survey was carried out in line with the series of economic studies that the directorate executes on a regular basis. It was undertaken in collaboration with Central Bank of Bahrain (CBB) alongside the Ministry of Industry, Commerce and Tourism.

The survey aims at providing the necessary information for investors as well as decision-makers.

The survey was conducted by iGA across a sample comprising micro-enterprises to large-scale enterprises classified as foreign or local investments. - TradeArabia News Service