AL-ISTIKHLAF: Regionals set up $10bn wholesale bank

Issue 852 - 02 May 2009 | 2 minute read

A number of heavyweight regional players are setting up a $10bn Bahrain-based wholesale bank, to be called Al-Istikhlaf. The bank has so far secured $3.5bn from government and private regional investors,

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AL-ISTIKHLAF: Regionals set up $10bn wholesale bank

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Oil market in flux as falling prices put Saudi and others’ finances under strain

Iran seeks ‘new path’ with Afghanistan, as Arab neighbours also re-engage with Taliban

Kuwaiti repression gathers pace as thousands more stripped of citizenship

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