I read something and did not understand

[nooor]

Hi everyone

I have a question for you :-D. In a business magazine I read these following lines.

Before Dubai usurped its position, Bahrain was well-known as the financial capital of the Gulf. Some analysts believe that given the former's current travails, the island state may go on to achieve regional pre-eminence in this field again.

I did not understant: "Some analysts believe that given the former's current travails"

can you help me please ? in explaning more with an easy way
This is my first thread so please don't disappoint me
Regards,
Nooor

 

[nooor]

:-D ok ... Got it now

thank you very much Mr. Gillnetter