Economics of U.S. Middle East Policy Study Guide
First page of the Economics of U.S. Middle East Policy study guide.
The page one article is a report on economic freedom in Bahrain which cites:
According to the annual Economic Freedom of the Arab World report published by the Fraser Institute, an independent Canadian public policy think-tank, Bahrain, Jordan and the United Arab Emirates (UAE) are the most economically free 
nations in the Arab world.
However, relative economic freedom is, well, relative, and there is a long way to go in Bahrain and other countries in the region. Here is recent story on continued conflict in Bahrain, “Low-level conflict afflicts Bahrain on third uprising anniversary.”