VOL. XLV

No 9

4-March-2002

BAHRAIN

Bahrain Monetary Agency LicensesThree New Financial Institutions

The Bahrain Monetary Agency (BMA)announced on 17 February that it had licensed three new financial institutionsfollowing the approval of the Prime Minister, Shaikh Khalifa bin Salman AlKhalifa. In a statement, the BMA said that the first two licenses had beengranted to Omans Bank Muscat one to commence full commercial bankingoperations and a second as an offshore banking unit (OBU) following its...