THE COMPANY: Ahli United Bank (AUB), a full-fledged commercial and investment banking group providing wealth management, retail, corporate, treasury, offshore and private banking services, is Bahrain’s largest commercial bank by market capitalisation and asset base. Incorporated in April 2000, AUB is regulated by the Central Bank of...
THE COMPANY: Bahrain Telecommunications Company (Batelco) is the oldest and largest telecom service provider in the kingdom. Established in 1981 as a Bahraini shareholding company, it offers telecom services across the fixed-line, mobile and internet segments. Batelco has evolved from a regional operator to a major international...
Buffeted by successive financial storms in the years since the collapse of Lehman Brothers, Bahrain’s financial sector is poised to take advantage of renewed optimism and confidence in key parts of the global economy. The overall shape and composition of the country’s banking sector has changed since 2008, but it has proved resilient overall and...
For a country with a population of 1.2m, Bahrain has a complex banking landscape with 104 institutions holding licences as of March 2014. There are 80 conventional banks, including 22 conventional retail banks, and 24 Islamic banks, of which six are retail banks. The Central Bank of Bahrain (CBB) has been urging greater consolidation across all...
Despite being synonymous with financial expertise for more than 40 years, Bahrain is not resting on its laurels, and it faces stiff competition from growing regional centres like Abu Dhabi, Dubai, Doha and Riyadh. Bahrain climbed 12 places in the 15th Global Financial Centres Index (GFCI) published by Z/Yen Group in March 2014. But its recent...
According to the IMF, Bahrain’s economy grew by 5.3% in 2013; however, this was expected to slow somewhat to 3.9% for the following year. One of the main challenges faced by the Bahrain government is how to reduce public spending, especially given downward pressure on oil prices in the latter half of 2014. In this respect, the government has been moving away from the...
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