Bahrain's tiny size and handy location amongst Persian Gulf nations demand it to attempt out a fragile joggling act in foreign affairs amongst its bigger neighbors. Dealing with declining oil reserves, Bahrain has regarded as petroleum processing and refining and possesses transformed itself into a key international banking center. The newest amir, positioned in 1999, has pushed financial and political changes and contains did wonders increase relations employing the Shi'a community. In February 2001, Bahraini voters accepted a referendum concerning the National Action Charter - the centerpiece inside the amir's political liberalization program. In February 2002, Amir HAMAD bin Isa Al Khalifa announced himself king. In October 2002, Bahrainis selected men and women in the decreased home of Bahrain's reconstituted bicameral legislature, the nation's Assembly.
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