VOL. XXXIV
NO. 40
8-JULY-1991
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...
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