Sunday 10 July 2011

Bahrain rebuilds its tarnished financial image in wake of protests - The National

Beyond the halls of the Isa Cultural Center where Bahrain's political leaders have started a national dialogue, business leaders are pondering how to re-establish the kingdom as the Gulf's leading banking hub.

The latest protests that coincided with the opening of talks between pro-government and opposition groups last weekend, was a reminder that rebuilding Bahrain's tarnished image as a place to do business could prove as challenging as the political process taking place over the coming weeks.

'The impact has been very bad,' said Jamal Fakhro, the first deputy chairman of the Shura Council, the foreign affairs, defence and national security committee. Mr Fakhro is also the managing partner at the consultancy KPMG in Bahrain.

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