VOL. XLI

No. 24

15-June-1998

BAHRAIN

BIB And Coast Form Alliance

On June 9, Bahrain International Bank (BIB) announced that it was forming a strategicalliance with Kuwaiti Coast Investment and Development, a company listed on the KuwaitStock Exchange. BIB, also listed on the Kuwaiti exchange, is expected to assist Coast inidentifying investments in the US and Europe and in managing the exit from Coast'sexisting European investments. Coast's contribution to the alliance will be itssubstantial...