Financial and Banking News


BCCI and ADIC Invest in China 

Two Abu Dhabi based financial institutions last week announced the formation of a merchant bank in Peking. The $50mn bank is to be called the China Arab Investment Company (CAIC), and its shareholders are the Abu Dhabi Investment Company (ADIC), BCCI Holdings (Luxembourg) and China's state-owned China International Trust and Investment Corporation (CITIC).