Financial and Banking News


BMA Issues Licenses for Four Rep Offices 

The Bahrain Monetary Agency (BMA) last week issued licenses to four financial institutions to open representative offices in Bahrain. These are Midland Bank Group International Trade Services Ltd. (a wholly-owned subsidiary of Midland Bank plc), the Yemen Bank for Reconstruction and Development (51% owned by the Yemeni government), Monte dei Paschi di Siena of Italy, and Citicorp Investment Bank...