Amna -Bahrain as a financial hub damaged by unrest

Posted by Amna Al-Thani at Wednesday, March 30, 2011 7:32:44 PM EDT
This is a New York Times article that explains how the recent political unrest in Bahrain, has led to it losing its edge as a finance hub. Banks are relocating their employees to Doha, Dubai or Abu Dhabi. An economist states that "Bahrain has suffered irreparable damage to its reputation as a financial hub, one that will take a long time to repair." Bahrain's financial center is one of the oldest established in the region. “It is clear that Bahrain’s reputation as a stable, business-friendly place has taken a major hit, and that might shift the balance in favor of places like Dubai.”
Even though everything is seemingly back to normal, it looks like the recent events are going to have a lasting impact.
http://www.nytimes.com/2011/03/31/world/middleeast/31iht-m31-bahrain.html