Growing demand for more sophisticated financial products and services helped drive growth in Bahrain's financial sector during last year, according to the Economic Development Board (EDB) and Central Bank of Bahrain (CBB).
London's financial sector will lay off 13,000 staff in 2013 after a weak year for dealmaking, a study forecast on Tuesday, slashing employment in one of the UK's key economic motors to its lowest since the early 1990s.
The Bahrain Chapter of The Institute of Chartered Accountants of India (BCICAI) is organising a two-day seminar titled "Resilience of Bahrain's Financial Sector" on Tuesday.
The event, to be held at Gulf Hotel's Gulf Convention C
Rapid growth of Kuwait's financial sector could create an attractive environment for money launderers and terrorism financers, the International Monetary Fund said in a report.
"Although there is currently no evidence of significant money-
Bahrain's banking and financial sector has generally recovered their normal momentum, Central Bank of Bahrain Governor Rasheed Al Maraj said.
He was speaking at a key meeting with senior officials of Bahrain-based commercial banks and
Employment in Bahrain’s financial services industry grew by 1.5 per cent during 2010, with a total of 14,342 people employed at end-2010, compared with 14,137 at end-2009, a report said.
The Bahraini workforce employed in the financial ser
There is a need to drive more growth in the financial sector and increase its participation in Bahrain's economy and diversify away from the oil-dependent industries, said a top official.
Economic Development Board (EDB) chief executive Sh
Leading bankers dismissed revived market jitters about the financial industry and played down concerns that patchy economic recovery and tough new capital rules could plunge the sector into more turmoil.
European bank sh
Employment in Bahrain’s financial services industry grew by 1.5 per cent during 2009, with a total of 14,137 people employed at the end of 2009 compared with 13,922 at end-2008.
The main driver of job growth was the non-bank financial sect
Bahrain’s financial services industry added more than 1,700 new jobs during 2008, raising total employment in the sector to 13,922 last year, according to a Central Bank of Bahrain (CBB) survey.
The 2008 employment numbers represent a year