Bahrain is considering new legislation on bankruptcy that would encourage responsible risk taking without a fear of failure, Industry, Commerce and Tourism Minister Zayed Al Zayani said yesterday (October 1). Addressing a business networking luncheon hosted by the American Chamber of Commerce (AmCham) Bahrain at the Ritz-Carlton Bahrain, Hotel and Spa, the minister said he hoped to develop Bahrain’s business culture similar to that of the US that has been an engine for entrepreneurial growth, reported the Gulf Daily News (GDN), our sister publication.

 

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