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Bahrain to Invest in Matching Fund.
Apr. 3--Bahrain has proposed investing $500 million in a matching fund with the government and has expressed interest in forming joint ventures to set up Islamic banks, according to Foreign Minister Surakiart Sathirathai.
Bahrain has invited Finance Minister Somkid Jatusripitak to visit the oil-rich state to discuss the details.
Dr Surakiart, who visited Bahrain on Sunday and Monday, told the cabinet yesterday that establishing an Islamic bank could draw investment from the Middle East, particularly Saudi Arabia.
Bahrain had approached Saudi Arabia about joining together with Thailand to set up an Islamic bank with initial capital of $100 ...
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