Overcoming challenges is part of what contributes towards the satisfaction of commercial success, but problems and issues that emerge need not be as obstructive as they often appear, if the right solution can be found. Meeting this challenge, reducing the cost of business and improving the business environment for firms operating in the GCC led to...
Pursuant to Bahrain’s Financial Trusts Law, in 2009 the director of the Financial Institutions Supervision Directorate of the Central Bank of Bahrain (CBB) authorised the first real estate investment trust (REIT). At the time, the existing collective investment unit (CIU) regulations recognised REITs as an asset class. The director had previously...
On track with its aim of laying the necessary groundwork for foreign businesses, the emergent tourism industry and progression in living standards, Bahrain is viewed by many as an ever-evolving country. Major infrastructure and industrial projects are being undertaken across the Kingdom. Bahrain Bay, a $2.5bn landmark waterfront community located...
Over the past three years Kuwait has promulgated a number of laws concerning public-private partnerships (PPPs). Although relatively new to the PPP regime, Kuwait has, at least for now, embraced the concept, as evidenced by the diverse pipeline of projects that have either already commenced or are actively being considered.
Groups of companies, rather than single entities, have traditionally emerged in the Gulf, which means that stakeholders can partition assets and segregate riskier ventures, thereby shielding the group as a whole from liabilities. Particularly when companies are dispersed across GCC jurisdictions, the group structure allows owners greater flexibility...
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