The Central Bank of Bahrain and the Financial Institutions Law, 2006 (“CBB Law”), along with other rules and regulations issued by the Central Bank of Bahrain (CBB) from time to time govern and regulate the financial industry and the provision of financial services in Bahrain.
As one of the world’s leading centres for Islamic finance, Bahrain hosts a wider variety of sharia-compliant financial services companies than perhaps anywhere else, and as in other areas in the Bahraini financial services industry these are aimed not only at the domestic economy but to customers from the region and beyond. As 2013 progressed,...
As Bahrain, already one of the GCC’s most diversified economies, looks to further broaden its economic base away from hydrocarbons, telecommunications will likely play a key role. Working toward that goal, and the overall improvement of the infrastructure and services available, the country has sought to recapture a competitive edge. The government...
To what extent is consolidation a necessary strategy across the Islamic banking sector?
Over the past century health care in the kingdom has advanced substantially: infrastructure has expanded and communicable diseases have been brought under control. Today, Bahrain offers both citizens and residents a wide range of care provided by the government and the private sector. A number of health-related statistics published by the World Bank...
The most-discussed topic in Bahraini law presently is the introduction of the New Bahrain Labour Law, the Labour Law for the Private Sector Law No.36 of 2012 ("New Labour Law"). This law became effective from September 2, 2012; it repeals and replaces the old Labour Law for the Private Sector (No. 23 of 1976, as amended). Regulations implementing...
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