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Islamic Finance Briefing - Categorized | Banking, Emerging Trends more

Bahrain hangs on as banking hub despite political turmoil

Posted on 22 February 2013

When Ahli United Bank, Bahrain’s largest lender by market value, announced this week a rise in profits for 2012, it was more than good news for the bank alone. It was a sign that the island kingdom is surviving as a regional financial center.
Two years after pro-democracy protesters inspired by the Arab Spring uprisings blockaded Bahrain’s financial district, political tensions still weigh on its banking industry. This is deterring some investment and inflows of money, and making it harder for Bahrain to compete with other centers such as Dubai………………………………….Full Article: Source

 
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