Arab Today, arab today bnp paribas plans to move some staff from bahrain
Last Updated : GMT 16:20:10
Arab Today, arab today
Arab Today, arab today

BNP Paribas plans to move some staff from Bahrain

Arab Today, arab today

Arab Today, arab today BNP Paribas plans to move some staff from Bahrain

Manama - Arabstoday

French lender BNP Paribas plans to move some of its back-office operations out of regional hub Bahrain after unrest in the kingdom earlier this year, two sources said on Tuesday. The sources, who spoke on condition of anonymity, said BNP may boost existing Gulf locations such as Dubai, Doha and Riyadh at the expense of Bahrain, though one said that a complete exit from the country, where it employs 383 staff, was unlikely. The sources said they did not know how many employees would be affected by the proposed moves. A BNP Paribas spokeswoman was not immediately available for comment. Operations that could be moved include payments, some accounting and finance functions, and other non-client-facing roles, the sources said.\"I think it is mainly back-office operations that would be moved,\" said one, adding that any moves could take between six and nine months.A third source said the bank was also considering spreading its contingency operations across several locations, following the unrest.BNP has operated in the Gulf Arab region for more than 30 years, with smaller presences in other countries. Bahrain, a small non-OPEC oil producer was thrown into turmoil in February when protesters, mostly majority Shi\'ites, took to the streets demanding democratic reforms in the Sunni-ruled state.The intensity of the political upheaval led several international companies to re-evaluate their presence in Bahrain.Another French lender, Credit Agricole , intends to shift its regional headquarters out of Bahrain, into the Dubai International Financial Centre (DIFC). \"The move to Dubai is expected to be between March and June 2012,\" said a separate source, adding that Credit Agricole has about 55 employees in its Bahrain office. \"About 90 percent of them will be moved to the DIFC.\" He said that the company may still keep a small office in Bahrain but most staff and operations would be moved.Credit Agricole declined to comment on the matter. In August, Fitch Ratings removed Bahrain from a negative rating watch following the lifting of a state of emergency, after a similar ratings action by Standard & Poor\'s. From / Arabian Business News

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bnp paribas plans to move some staff from bahrain Arab Today, arab today bnp paribas plans to move some staff from bahrain

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday