Bahrain may be grabbing the world headlines for all the wrong reasons, but its financial services industry is relying on its track record of resilience to outmanoeuvre them.
"Yes, there were a few issues that we faced recently but we must move on and look ahead," said Jamal Hijres, CEO of Capinnova Investment Bank, which is wholly-owned by the Bank of Bahrain and Kuwait. "As an investment bank we will evaluate [future] deals based on future potential and accordingly go ahead… irrespective of whether it is in Bahrain or elsewhere."
"There has been a resurgence of interest in Islamic finance in the wake of the financial crisis and we are finding that conventional bankers from all over the world are keen to tap the expertise in our field.
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