Middle East Economic Survey

VOL. XLVIII

No 8

21-February-2005

BAHRAIN

Future Bank Opens In Bahrain

Future Bank, a joint venture owned equally by Bank Melli Iran (BMI), Bank Saderat Iran (BSI) and Bahrains Ahli Bank, opened for business in Bahrain at the beginning of February with an initial paid-up capital of $99mn and an authorized capital of $200mn. Future Bank was licensed by the Bahrain Monetary Authority (BMA) as a full commercial banking unit, with an offshore banking unit branch (MEES, 25...