2009 BNP Paribas hosts Economic Outlook Sessions for the Gulf.

2010 BNP Paribas hosts Economic Outlook Sessions for the Gulf. BNP Paribas regional mandate is extended to the Middle East and South Africa, for

CIB. Alain Papiasse, BNP Paribas Head of Corporate & Investment Banking (CIB), Jacques

d Estais, Head of Investment Solutions, and Jean Lemierre undertake visits to the Kingdom of Bahrain to meet with senior government officials and clients.

2011 BNP Paribas regional mandate is extended to the Middle East and Africa (MEA), for CIB.

Jacques d Estais, Head of Investment Solutions, visits the Kingdom of Bahrain and meets with senior government officials and regulators. He also hosts the first MEA Investment Solutions strategy day.

2012 Baudouin Prot, BNP Paribas Chairman, visits the Kingdom of Bahrain and meets with senior government officials and clients.

Jacques d Estais, Head of Investment Solutions, visits the Kingdom of Bahrain and meets with senior government officials and regulators.

H.M. Hamad bin Isa Al Khalifa, King of Bahrain, receives BNP Paribas Chairman Advisor, Jean Lemierre, and CEO for Corporate & Investment Banking in the Middle East and Africa, Jean-Christophe Durand, at his residence in Paris.

BNP Paribas India Advisory Board holds first meeting in the Kingdom of Bahrain where board members meet H.R.H. Prince Khalifa bin Salman Al Khalifa, Prime Minister of Bahrain, H.E. Rasheed Mohammed Al Maraj, Central Bank Governor, and other senior officials.

2013 Jacques d Estais, Head of Investment Solutions, and Alain Papiasse, Head of Corporate & Investment Banking (CIB), and members of the BNP Paribas Executive Committee, visit the Kingdom of Bahrain and meet with government stakeholders and clients.

An environment for finance

Bahrain was the first country in the Gulf region to exploit its oil reserves, which were discovered in 1932. However, by the mid-1970s, Bahrain s authorities were well aware of the country s relatively limited hydrocarbon resources, and the country became the first in the region to seriously promote a diversified economy, investing in aluminium smelting and financial services in particular.

Today the Kingdom of Bahrain is a developed centre for financial institutions, including several global banks, because of its sophisticated regulatory infrastructure and low tax regime. The government s successful diversification programme meant that by 2011, hydrocarbons accounted for only 36 percent of the country s export earnings.

Paribas and BNP were among the first international financial institutions to set up in Bahrain, establishing branches in 1975 and 1976, respectively. They were followed into

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