A SUPPLEMENT TO EUROMONEY/MARCH 1998: BAHRAIN
There is renewed conviction in Bahrain that it can hold on to its position as the Gulf’s main financial centre, after a long period in which offshore banks based in the emirate were questioning their raison d’être. Domestic institutions were constrained by its relatively small economy and some foreign banks were tempted to move their regional headquarters to neighbouring Dubai. Now, the emirate’s strictly regulated market once again appears attractive at a time of international political and financial instability.
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