Terrorist Bombing Blights Forex Business In Bahrain
BANKS
Foreign exchange dealers in the Arabian Gulf state of Bahrain are seeing their business blighted as a terrorist bombing campaign causes the head offices of international banks to question the value of an operation in the emirate - until now the gulf's unchallenged wholesale banking centre, sources there say.
The latest outbreak of violence is potentially damaging as it follows a decline in FX broking business in the Gulf states and a dramatic shift in liquidity patterns - the Gulf states are now
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