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FX Poll 2009

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Country risk 2009:

Country risk 2009:

Bi-annual Country risk survey monitoring political and economic stability of 185 countries

Monday, September 29, 2008

Bharian’s Unicorn to spend USD 2bn on foreign acquisitions.


Source: IntelliNews - Middle East and North Africa Today




Bharian’s Unicorn to spend USD 2bn on foreign acquisitions. Bahrain-based bank Unicorn Investment plans to spend up to USD 2bn to buy banks in Europe, Southeast Asia and the Gulf, Reuters reported. The company also plans to arrange USD 1.5bn of Islamic bonds (sukuk) in the GCC region by the end of this year. The company is considering two opportunities in Southeast Asia, four in the Gulf and one in the UK or Europe . Unicorn Investment said it acquired foreign exchange company Bahrain Financing through a USD 1bn acquisition fund to tap into the growing remittance market in the region. Unicorn, which was founded in 2004, focuses on corporate finance, private equity and asset management. It has 80% stake in US electronics firm Victron and 75% of microchip maker Open-Silicon.







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