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Banking / Investment in Bahrain

  • Bahrain Banking & Fintech Regional leader backed by 40 years of banking tradition

    BAHRAIN, 2016/12/25 As the foremost financial services center in the Gulf, Bahrain has proved to be resilient in the face of liquidity challenges posed by low oil prices and austerity. By presently an international leader in Islamic finance, the kingdom is presently firmly focused on nurturing a globally competitive financial technology (fintech) industry. Bahrain is accustomed to punching above its weight. With a people of just 1.3 million, this tiny country of islands in the Persian Gulf has played a pivotal role in trade and commerce since antiquity. Today, Bahrain stands out as the major banking hub in the Gulf and a regional pioneer in financial services. “Bahrain has a very sophisticated and mature financial sector,” explains Khalid Abdulla, Managing Director of Eskan Bank. “It is the oldest in the region and has been widely recognized as the Gulf’s financial capital for additional than 40 years. We have led the Middle East in a range of sectors – from banking, to investment management, to Islamic finance.”

  • Bahrain investment firm Arcapita completes $100m fundraising

    BAHRAIN, 2014/11/19 Bahrain-based Islamic investment firm Arcapita has completed a $100 million fundraising from new and existing shareholders in the Gulf just over a year next it emerged from Chapter 11 bankruptcy. The money will help Arcapita to make investments in the Gulf region inclunding in international markets inclunding United States, Asia and Europe, it said in a statement on Tuesday. Arcapita went through the Chapter 11 bankruptcy process next struggling to meet a $1.1 billion deficit obligation in the wake of the world financial crisis. It completed its restructuring in September 2013.

  • Bahrain is supported by its strongly positive net international investment position

    BAHRAIN, 2014/01/04 Bahrain is supported by its strongly positive net international investment position, which was 83 % of GDP at the end of 2012, Moody's said in its Bahrain Credit Analysis. "Moreover, the current account balance has consistently been in surplus since 2003, and we expect it to remain in surplus in 2013 and 2014," the statement said. Bahrain as well has a relatively high level of GDP per capita and enjoys strong support from its fellow GCC members, it said.

  • Kuwait grants Bahrain $1.3 billion to finance development projects

    BAHRAIN, 2013/04/15  Kuwait said on Wednesday it will finance projects worth $1.3 billion (992 million euros) in its Gulf partner Bahrain as part of pledges made two years ago, an official statement said. The funds will be used to finance part of four development projects over the next few years, inclunding power transmission networks, housing projects and a key road, the national-owned Kuwait Fund for Arab Economic Development said.

  • Bahrain investment bank Gulf Finance

    BAHRAIN, 2013/01/02 Bahrain investment bank Gulf Finance Home said on Monday it remained committed to its $3bn project to build Tunisia's prime offshore financial centre.The company said tenders for the Tunis Financial Harbour project have been issued with construction set to start in January.

  • Sharia-compliant banks to join forces to be better capitalised 2012-08-13

    BAHRAIN, 2012/08/13 The Kingdom is encouraging some of its sharia-compliant banks to join forces to be better capitalised and equipped to transaction with an increasingly turbulent and competitive world market. At the end of June, shareholders of three Bahraini Islamic lenders – Capivest, Elaf Bank and Capital Management Home – approved a proposal put forward by their respective managements to merge their operations, a move first mooted at the end of last year.
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