VOL. XL

No. 41

13-October-1997

BAHRAIN

Bahrain's Offshore Banking Sector Gets Vote Of Confidence From New Entrants

A benign world economy and healthy international oil prices mean that the offshorebanking sector in Bahrain continues to prosper despite the ongoing security problems thataffect parts of the island. The causeway to Saudi Arabia, linking Bahrain to the largesteconomy in the Gulf, and the strength of supervision provided by the Bahrain MonetaryAgency (BMA), mean that Bahrain remains...