GCC firms get nod to open office in Bahrain
Manama, November 28, 2012
Bahrain’s members of the parliament have approved a new bill that allows GCC companies to open offices in the kingdom, a report said.
The law would give the businesses the same treatment as Bahraini companies, according to the report in our sister publication, the Gulf Daily News.
The parliament also approved new mutual taxation agreements with the Korean Republic and India.
Two loan deals with the Kuwait Fund for Arab Economic Development and a royal decree to amend the national budget law to authorise the Finance Minister to make necessary changes in spending were also approved.
The parliament will pass these legislations as well as an insurance law to authorise the government to make exceptions to pensioners to the Shura Council. – TradeArabia News Service
More Finance & Capital Market Stories
- UAE April inflation eases to 0.9pc y/y
- IDB picks banks for $500m sukuk sale
- BLME eyes 15pc asset growth, stronger Gulf ties
- Bahrain MPs veto national budget
- Bahrain needs to cut public debt urgently: IMF
- DIB ratings receives Moody’s affirmation
- Pinebridge names CIO for Mena, Turkey
- Regulation ‘biggest challenge for CFOs’
- ENBD plans bond sale to boost capital
- Al Baraka to raise $200m with sukuk