Rasmala Investment Bank shuts down research unit - The National

Rasmala Investment Bank has become the latest victim of the crisis in equities markets with the closure of its research division.

The closure comes after a recovery in equity volumes and prices over the last two months that have come as a reprieve to the sector.

Rasmala's research division was run as a joint venture with Royal Bank of Scotland (RBS), as part of a tie-up announced in 2010, but closed after RBS decided to pull out.

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