NO. 51


Financial and Banking News

Regional Banking

Bahrain Middle East Bank Launches First Fund And Will List It On LocalExchange

Manama-based Bahrain Middle East Bank (BMB) is to launch its firstinvestment fund at the end of September. The fund will be called Proinvest BMB(EC) and will be structured as a closed-end investment company with variablecapital. Bahrain's mutual fund regulations do not permit the registration ofopen-ended investment funds, but a variable...