Financial and Banking News


ALUBAF Arab International to Establish Tunis OBU 

The Bahrain-based ALUBAF Arab International Bank has announced its intention to establish a Tunis subsidiary by the end of the year. The new bank will have an authorized capital of $25mn, of which $10mn is to be paid in initially, and is to be called ALUBAF International Bank. It will operate as an offshore bank, and is the fifth locally incorporated OBU to be permitted by the Tunisian...