menu

Monocolumn: The Economic Effects Of Protest

Monocolumn: The Economic Effects Of Protest
Advertising

While Tunisia and Egypt celebrate a new dawn, Bahrain – one of the first countries to flare up with protests after Tunisia’s Jasmine Revolution – is left to question the financial implications of revolution when its ambitions are less successful.

Monocle
  • 8 march 2011

Monocolumn is Monocle’s daily bulletin of news and opinion. Catch up with previous editions here.

While Tunisia and Egypt celebrate a new dawn, Bahrain – one of the first countries to flare up with protests after Tunisia’s Jasmine Revolution – is left to question the financial implications of revolution when its ambitions are less successful.

Despite weeks of protests, the ruling Khalifa family remains fully in charge. But the island nation’s economy has suffered. The first blow came when the Bahrain Grand Prix, the opening race of the 2011 Formula One season, was cancelled. At a reported cost of $150m (€107m), the Bahrain International Circuit was a typically grandiose gesture by the Khalifa family to boost the country’s international standing, and the race’s cancellation is a visible reminder of the effect of the civil unrest.

That’s not all. Ratings agencies Standard & Poor’s and Moody’s have both lowered Bahrain’s government bond and credit ratings.

“The political turmoil in Bahrain was the main driver behind our recent decision to place the country’s ratings on review for possible downgrade,” says Tristan Cooper, senior credit officer at Moody’s Sovereign Risk Group. “The rising political temperature in the Middle East is worrying and we have acted to downgrade ratings in other countries that have been affected. We are keeping a close eye on political developments across the region.”

To continue reading, click here.

image by mar is sea Y

tumblr analytics


Advertising
Trending

PSFK's Workplace Vision: How The Nurturing Of Seeds Will Come To Define The Onboarding Process

Brand Development
Media & Publishing Yesterday

CNN Launched An Entire Drone Division Of Their News Network

CNN AIR incorporates aerial footage into the corporation's ongoing news coverage

Advertising Yesterday

Uber’s Breathalyzer Cards Let You Know If You Are Sober Enough To Drive

A new campaign from the ride-sharing service raises awareness about the importance of a safe trip home

Trending

Get PSFK's Latest Report: Future of Retail: Technology Primer

See All
Design Yesterday

Milk Proteins Could Be The Packaging Material Of The Future

A newly discovered casein-based alternative is biodegradable, sustainable and even edible

Technology Yesterday

Intel’s New System Will Help Technology See And Understand The World

Joule is a tiny board for developers designed to bring powerful computer vision to cheap and easy-to-make prototypes

PURPLELIST EXPERTS

Ayah Bdeir

Technology, Making, Education

Design Yesterday

This LA Hotel Is Designed Specifically For Cocktail Drinkers

The Walker Inn is a new Los Angeles "Bed and Beverage" experience that offers guests an intimate setting for their night cap

Education Yesterday

Bringing Virtual Reality And Telepresence Robotics To E-Learning

This Learning Management System is embracing new technologies to reallocate teaching resources to where they should be going

Advertising Yesterday

Interactive Art Exhibition For Dogs Provides Endless Fun

Installations created by artist Dominic Wilcox are based on activities loved by canines, such as fetching tennis balls and splashing in water

PSFK LABS REPORT

Future Of Work
Cultivating The Next Generation Of Leaders
NEW

PSFK Op-Ed august 24, 2016

Why Building Better Offices Is The Key To Employee Engagement

Interaction Designer and Audio-visual Technologist at ESI Design illustrates the value in creating environments filled with surprise and delight

PSFK Labs august 24, 2016

PSFK’s Workplace Vision: The Annual Review Becomes An Everyday, Collaborative Activity

Our Future of Work vision is a web-based platform through which teams can collaborate on and monitor performance reviews across all channels, ensuring a happier workplace

Beauty Yesterday

Design Your Own Custom Watch Faces

Customize your wrist device with Garmin's new app that lets you display personalized images or patterns

Syndicated Yesterday

How The Olympics Taught Us Lessons In Cloud Analytics

Dan Vesset, group VP for analytics and information management at IDC, tells how cloud-based business analytics support decision-making

Beauty Yesterday

Retail Expert: What Sustainability Means To The Millennial Generation

Jo Godden, Founder of RubyMoon, discusses how brands can limit their environmental impact worldwide

Arts & Culture Yesterday

Artist Shuts Down Sexist Comments By Turning Them Into Images

Rora Blue explores social stigma in a photo series titled 'Handle With Care'

Arts & Culture Yesterday

Japanese Face Wash Creates A Perfect Rose Every Time

Kanebo's latest addition to the Evita line includes an application that dispenses cleanser in the shape of a flower

PSFK LABS REPORT

Innovation Debrief: Boston
Business Concepts Born In 'The Hub'
AVAILABLE NOW

Mobile Yesterday

Twitter Bot Will Warn You If You Are A Troll

An online tool developed out of Intel's Hack Harassment movement helps filter out or notify cyber bullies

Retail Yesterday

Passengers Can Now Earn Airline Miles For Sharing Their Location Data

The Frequent Flyer app measures background data and gives travelers points that can be exchanged for tickets with participating airlines

Advertising Yesterday

The NBA Is Releasing Two Original Shows To Stream On Twitter

The sports league announced a deal that demonstrates an interesting expansion of its content strategy

No search results found.