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Bahrain lenders fail to boost Manama market

: Tuesday, March 11 - 2014 @ 17:44

The Bahrain All-Share Index closed flat at 1,387.27 points on Tuesday, March 11. Gulf Finance House (GFH) closed unchanged at $0.215. At a press conference in Tunisia today (Tuesday, March 11), the Islamic bank revealed that Tunis Bay Project Company (TBPC) has announced the appointment of Soroubat, a leading Tunisian contractor, for the development of the infrastructure works of phase one of the Tunis Bay – Tunis Financial Harbour (TFH) Project. The TFH is a financial hub, similar to the Bahrain Financial Harbour in Manama, and was initiated by the GFH.

Commenting on the appointment, Hisham Alrayes, general manager at TBPC and CEO of the GFH, says: “We are delighted to be making progress on the Tunis Bay project and announce this important step today in front of senior officials and respected members. The appointment of Soroubat is an essential step to progress with forward momentum for the development of the project and to fulfil its objective of becoming a financial gateway, connecting Europe, the Middle East region and Africa and, in turn, assisting Tunisia’s emergence as a leading hub for commercial and leisure tourism.”

Gérard Al-Fil

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Tuesday, March 11- 2014 @ 17:44 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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