According to the central bank data … interest, trade and electronic transfers reflect the commercial prosperity

Heba Mohsen

The Bahrain Chamber of Commerce and Industry report issued data related to the developments of the local economy, where the data of the Central Bank of Bahrain showed positive trends in the Bahraini economy, with the low interest rates that encourage investment and growth, and increase e -commerce activity and financial transfers, which reflects a development in consumer behavior and prosperity in Financial and commercial sectors.

The report monitored a decrease in interest rates in several sectors. In the construction and real estate sector, the interest rate decreased from 9.22% in the third quarter of 2023 to 8.61% in the third quarter of 2024. In the manufacturing sector, it decreased from 8.26% to 6.47%, while in the trade sector decreased from 9.13% to 8.39% During the same period.

He pointed to the decrease in the value of the withdrawals through the ATMs by 8%, as it decreased from 288.7 million Bahraini dinars in the third quarter of 2023 to 264.2 million Bahraini dinars in the third quarter of 2024.

On the other hand, the value of the sales and e -commerce points increased by 15%, as it increased from 1.012 billion billion dinars in the third quarter of 2023 to 1.162 billion billion dinars in the third quarter of 2024. With regard to the store sector, the value of points increased Selling and e -commerce by 29%, from 32 million BD to 41 million Bahraini dinars. The value of the sales and electronic trade points in the jewelry sector increased by 8%, from 28 million Bahraini dinars to 30 million Bahraini dinars during the same period.

In the field of financial transfers, the value of electronic transfers through an immediate system+ increased by 14%, as it increased from 1.8 billion Bahraini dinars to 2 billion Bahraini dinars. The value of transfers increased through an immediate system by 13%, from 5.1 billion Bahraini dinars to 5.8 billion Bahraini dinars. Also, the value of transactions through bills increased by 14%, as it increased from 265 million Bahraini dinars to 302 million Bahraini dinars.