Business news for Mon, 24 Dec 2007 & with word bahrain. 2 news.

Unicorn Investment Bank BSC, a closely held Islamic investment bank based in Bahrain, acquired a 75 percent stake in Open-Silicon Inc., a semiconductor maker based in Milpitas, California, for US$190 million.

Gulf Arab countries should not rush to decide on revaluing their dollar-pegged currencies because volatility in the U.S. currency is normal, Bahrain's central bank governor is quoted by a magazine as saying.