Financial and Banking News


Upgraded BIS Data Identifies $15bn Middle Eastern Net Assets 

A significant improvement in the data collection of the Basle-based Bank for International Settlements (BIS) involving the incorporation of Bahrain-based banks into the BIS-reporting area has resulted in much better coverage of the Middle East and a $14.9bn increase in the net foreign assets of the principal countries in the area. As of the end of 1983, the foreign assets of...