NO. 40


Financial and Banking News

Financial Policy

Bahrain Opens Doors to Foreign-Owned Companies

Bahraini officials have confirmed that companies owned wholly by foreign interests will soon be allowed to operate on the island. The present rule is that companies must have a 51% local shareholding. An "Economic Strategy Committee" formed earlier this year and chaired by Mr. 'Isa Burshaid, theUndersecretary at the Ministry of Finance, proposed the change in theregulations some...