Bahrain lost 10% in assets in March as result of civil unrest, reports say
Assets in Bahrains banks fell by 10% in March, figures show, as a result of recent civil unrest.
Middle East
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HSBC says staff cuts in Middle East planned, following review
HSBC said it is planning to cut an undisclosed number of jobs from its MENA workforce to cut costs.
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National: ‘HSBC report says UAE, Qatar will ride out regional unrest’
The UAE and Qatar economies will not be hit by regional unrest as much as neighbours, report says
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uae central bank bans regulated firms
The UAE Central Bank has banned companies it regulates from cold calling clients to market products.
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UAE exchanges join race to merge
The Abu Dhabi Securities Exchange and Dubai Financial Market exchange may merge.
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Dubai FSA proposes financial promotion restrictions
The DFSA has announced plans to introduce regulation which will widen restrictions on promotions.
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Geoff Cook defends role of Crown Dependencies at Tory party conference
Geoff Cook said there is still a lack of awareness of the benefits to the UK of Crown Dependencies.
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Nexus plans to enter Kuwait and Lebanon
Middle East-based advisory firm Nexus is planning to expand into Lebanon and Kuwait.
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FPI hints at Middle East expansion
FPI is planning to expand its operations in the Middle East, according to one of its senior managers
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BlackBerry ban will significantly impact IFA business
IA readers say a ban on the use of BlackBerrys in the Middle East will affect their business there.
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Jersey banking stats show leap in Far East deposits
Deposits in Jersey banks from Far East sources have more than doubled since the end of September.
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Credit Suisse opens Bahrain office
Credit Suisse has opened an office in Bahrain and appointed Khaled Salah as head of its operations.