19.11.2009 - Bahrain's offshore banks at crossroads
From Reuters: Bahrain's offshore investment houses raked in the money during a five-year long oil boom, but the impact of the global financial crisis on the Gulf Arab region has swept away a business model that relied on fees from raising money for property and private equity projects. Dubai's real estate bubble burst late in 2008, with prices falling sharply in the Emirate and at least capping growth in other markets in the region, including Bahrain............Full Article: Source