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Bahrain unrest may have regional
Showing posts with label Bahrain unrest may have regional. Show all posts
Showing posts with label Bahrain unrest may have regional. Show all posts

Wednesday, 16 February 2011

: Bahrain unrest may have regional, financial impact | Reuters

El NACHO - 14:41
The Bahrain ConspiracyAnalysis: Bahrain unrest may have regional, financial impact | Reuters: "It is the Gulf Arab state seen as most vulnerable to unrest because of deep-rooted discontent among its majority Shi'ite population against the ruling Sunni dynasty, the al-Khalifas. The populace complains of economic hardships, lack of political freedoms and discrimination in jobs in favor of Sunnis.

This has always sat awkwardly with its status as a regional banking, trading and Islamic finance hub, but its advantages, as a diversified economy and relatively liberal society, have outweighed the risks -- thus far.

'If you're trying to set yourself as a financial hub you need to provide security and stability above all else,' said Sven Richter, managing director and head of frontier markets at Renaissance Asset Management."
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