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Bahrain political talks start again after 2 month break

Bahrain political talks start again after 2 month break

Political talks between Shiite group Al-Wefaq and the current Bahraini government have restarted after a 2 month lull.  The aim of the talks is to allow for political reform in the Shiite-majority, Sunni-rule state. Bahraini authorities in 2011 crushed mass pro-democracy demonstrations in the capital with the help of Saudi-led troops but protests have since […]

HSBC halting wealth management business in Jordan, Bahrain and Lebanon

HSBC halting wealth management business in Jordan, Bahrain and Lebanon

HSBC Holdings is halting its wealth management division in Bahrain, Jordan and Lebanon as it continues to exit small or insufficiently profitable global operations. This recent move follows a global initiative to increase profitability by scaling back on private banking and Islamic banking operations in the Middle East. “After a detailed review of our MENA […]