NO. 14


Financial and Banking News

Regional Banking

GIB Slashes International Operations, but Still Faces Many Challenges

Gulf International Bank's (GIB's) decision to terminate the contracts ofstaff working in the international department of its Bahrain headquarters and todowngrade the functions of its international offices has dealt a blow toBahrain's hopes of remaining an international financial center once the currentGulf crisis has subsided. GIB is certainly not the...