1/30/2012

Bahrain Unrest Leads Jewellery Shops to Shut, Gulf News Says

BLOOMBERG
By Donna Abu-Nasr

Twenty-five of 90 shops in Bahrain’s Gold Souq have closed since the outbreak of unrest last year, Gulf Daily News said, citing Mohammed Sajid Shaikh, head of the Bahrain Chamber of Commerce and Industry’s gold and pearl jewellery committee.
Many jewellery traders in Manama had been defaulting on rent and utility bills due to the drop in revenue, the paper cited Shaikh as saying.
To contact the reporter on this story: Donna Abu Nasr in Manama at dabunasr@bloomberg.net
To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net