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 Government & Laws Stories
- Qatar denies Syria 'contact'
- Iran to take part in security forum
- GCC security bolstered by Royal grant
- Egypt to pay $1.5bn arrears to foreign oil firms
- Charles Russell opens Qatar office
- Egypt delays decision on $4.8bn IMF loan
- UAE, Netherlands sign investments deal
- Iran sees no big 2014 oil exports recovery
- Egypt ‘returned $500m deposit to Qatar’
- Bill to scrap expat levy is rejected