NO. 33

20 MAY 1991

Financial and Banking News

Economic Policy

Bahrain May Allow Wholly Owned Foreign Companies to Operate by End of Year

Companies which are wholly owned by foreign interests could be allowed tooperate in Bahrain by the end of the year if the recommendations of a high-levelministerial committee are accepted. Mr. `Isa Burshaid, the Undersecretary at theMinistry of Finance who chairs Bahrain's new "Economic StrategyCommittee," says that there is a 70-80% chance of the...