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 centre.
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 centres such as Dubai.
But contrary to fears at the time, a mass exodus of financial firms from Bahrain has not happened and local banks are proving resilient, allowing the island to remain a hub for financial services in the Gulf.
Read more: http://www.gulfbase.com/news/bahrain-hangs-on-as-banking-centre-amid-political-turmoil/229807
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 centres such as Dubai.
But contrary to fears at the time, a mass exodus of financial firms from Bahrain has not happened and local banks are proving resilient, allowing the island to remain a hub for financial services in the Gulf.
Read more: http://www.gulfbase.com/news/bahrain-hangs-on-as-banking-centre-amid-political-turmoil/229807
No comments:
Post a Comment