VOL. XXXIX

No. 55

14-October-1996

BAHRAIN

First Gulf Pacific Bank To Set Up In Bahrain

The Bahrain Monetary Agency (BMA), Bahrain's central bank, has granted a new $100mn investment bank a license to operate as an offshore banking unit on the island. According to a statement, First Gulf Pacific Bank (FGPB) has been founded by a group of prominent international investors led by Saudi Prince Nawwaf ibn 'Abd al-'Aziz who has business interests in Egypt, North America, Europe, Australia and New...