We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Bahrain BFX to launch conventional trade after delay

Bahrain BFX to launch conventional trade after delay

Originally planned to launch on March 7, BFX seems finally set to launch in two weeks with the bourse to remaining in Bahrain despite recent unrest.


April 6, 2011 2:46 by

The Bahrain Financial Exchange (BFX) expects to begin trading on its conventional platform in the next two weeks after delaying a scheduled launch because of political unrest, its top executive said.

BFX, owned by India’s Financial Technologies Ltd, was launched in February this year as a multi-asset exchange aiming to offer trading in both conventional and Islamic products in equities, derivatives, commodities and currencies.

It launched its Islamic platform on Feb. 7 and was planning to begin trading of conventional assets a month later, but had to scale back on the plans as violence erupted in the tiny non-OPEC oil-producing country.

“We have a date in mind and we should launch the platform in a couple of weeks,” Arshad Khan, managing director and chief executive of BFX, told Reuters.

BFX will remain in Bahrain despite the political situation which was a short-term event, the executive said.

“When our shareholders set up this exchange, they did it with a long-term plan. We are licensed in Bahrain and we have a lot of support from the government here,” Khan said.

BFX had planned to begin operations in the first quarter of 2010 but delayed its launch last year citing sluggish market sentiment.

Pages: 1 2


Tags: , , , , , , , , , ,

Leave a Comment