Financial and Banking News
Investcorp's Annual Profit Increase Slows Down
The Bahrain-based Arabian Investment Banking Corporation (Investcorp) lastweek announced a 12.1% increase in its profits to a record level of nearly$52mn. This rate of increase represents a slowdown in the meteoric increase inthe bank's profitability in recent years, when it announced increases of 60% in1988 and nearly 90% in 1987. Reflecting the slowdown, Investcorp's...