liquidation of a bank operating in Bahrain. The concept of protection was further enhanced by issuing a regulation relating to the licensing, regulation and supervision of advisers providing investment and other financial advice in or from Bahrain. This protects investors from the possibility of negligence or fraud.Economic prosperity both in Bahrain and the Gulf is now firmly established as a fact. Private sector growth and its future potential have been augmented as the governments dominant role declines. Internationally, the investment community has become increasingly aware of the advantages of globalization and a sustained low inflationary growth. These factors will surely give a major impetus to the financial services sector and help Bahrain to sustain its place as the financial capital of the Middle East for many years to come. With a safe and cosmopolitan lifestyle and mature industrial infrastructure, with industrial incentives unique to the region, with its reputation as a banking center, with a legal system geared to protection of capital and with its strategic location, Bahrain offers itself as a premier Middle East investment location. Government in BahrainBahrain is a traditional monarchy. Members of the al-Khalifa family hold the majority of key government positions. The emir is a respected leader, and the royal family is generally well liked in spite of growing distrust in the Shiite community. The country employs the traditional Islamic administrative system of the majlis, which allows people to petition the emir directly. Bahrain has no legislature, political parties and elections are prohibited.Military in BahrainBahrain has several military branches: Ground Force, Navy, Air Force, Coast Guard, and Police Force. A male is eligible for the military at the age of 15-49. The availability of military manpower is 220,670. Bahrain spends $276.9 million on military forces annually, which is 4.5% of the GDP....
