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