Sunday 25 September 2016
 
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shura

Bahrain Shura agrees 100pc expat ownership of firms

Bahrain’s Shura Council has unanimously approved a Royal decree, which amends the Companies Law and allows foreign organisations to have 100 per cent ownership of businesses, reported the Gulf Daily News, our sister publication.

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Saudi Shura to discuss vacant land tax

Saudi Arabia's Shura Council plans to meet on Monday to discuss imposing a tax on undeveloped land, the official Saudi Press Agency reported on Thursday. The body advises the government on legislation. SPA did not give any det

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$48m loan to redevelop homes in Bahrain approved

A $48-million loan for Bahrain from the Islamic Development Bank was approved by the Shura Council yesterday (July 5), despite members expressing concern that the total cost of repaying it could reach $70 million. The money will b

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$48m loan to redevelop homes in Bahrain approved

A $48-million loan for Bahrain from the Islamic Development Bank was approved by the Shura Council yesterday (July 5), despite members expressing concern that the total cost of repaying it could reach $70 million. The money will b

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Bahrain’s new-look budget clears final hurdle

Bahrain’s new-look national budget for 2015 and 2016 cleared its final hurdle yesterday (July 5) when it was unanimously approved by the Shura Council. Thirty-eight members voted yes to the new national budget, which will no

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Bahrain council approves major Penal Code changes

Major amendments to Bahrain's 40-year-old Penal Code, including harsher punishments for manslaughter and defaming government employees, have been approved by the Shura Council. The amendments, originally suggested by parliamen

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Landmark deal on rights co-operation signed

Bahrain's Shura Council has signed a landmark memorandum of understanding (MoU) with the National Institute of Human Rights to reinforce future co-operation between the two bodies.   Council chairman Ali Sale

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Bahrain Shura Council clears 50 bills in a month

Bahrain's Shura Council has completed more than 50 items of business in the past month, its chairman Ali Saleh Al Saleh said yesterday (June 23) in a statement that ended the chamber's four-year term.   &

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Debate in Shura over Saudi sovereign fund

A proposal to set up a Saudi Arabian sovereign wealth fund attracted debate at a meeting of the kingdom's influential Shura council advisory body but failed to yield a result, state media reported. A report by the council'

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$13bn loan cap revision rejected in Bahrain

Bahrain's Shura Council has rejected a request from the government to modify the terms of a BD5 billion ($13.1 billion) borrowing cap approved earlier this month.   Minister of State for Parliament and Shura

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