Bahrain had lost its edge as banking and financial hub to its neighbours and urgent steps are needed to arrest the slide in terms of competitiveness, said Bahraini banker Rashad Janahi.
“The finance industry has failed to de
Dubai International Financial Centre (DIFC), the leading financial hub in the region, has posted a 16 per cent growth rate in the combined workforce of DIFC-registered companies during 2012 as against 2011.
The number of active re
The National Bank of Abu Dhabi (NBAD), a leading bank in the UAE, will cooperate with Seoul Metropolitan Government (SMG) to promote and develop Seoul International Financial Center (SIFC) into a financial hub.
As NBAD’s exp
By steadfastly implementing best practices, robust regulatory principles and good governance, Bahrain now enjoys the reputation as one of the world's most respected financial centres, said a top government official.
Singapore has built
Dubai's Ruler Sheikh Mohammed bin Rashid al-Maktoum appointed his son as chairman of the Dubai International Financial Centre (DIFC), the emirate's offshore financial district, by decree on Wednesday.
Sheikh Maktoum bin Mohammed bi
Bahrain's tourism and financial sectors have been hit by protests and it will take until at least the second half of 2011 for the kingdom to restore its reputation as a business-friendly hub, said analysts.
'It will take at least u
More than 400 banks and financial institutions are operating in Bahrain, making it the largest financial hub in the Middle East, said an expert.
"Bahrainis represent up to 70 per cent of the employees working in the financial sector,
Bahrain banks need to focus on large infrastructure projects planned in the Gulf region to achieve significant growth, say analysts.
Gulf 's need to finance hundreds of billions in infrastructure and energy projects is seen a
Bahrain is the world's fastest growing financial centre and has soared by 59 points, according to the third edition of The City of London's Global Financial Centres Index (GFCI3).
The report, which lists the top 50 rated financial cen
The global credit crisis will chop 16 percent off this year's bonus payouts in the City of London financial district, according to a report published on Monday.
London bankers and traders are expected to receive bonuses worth 7.4 billion p