Thanks to business-friendly government policies implemented over the past 10 years Abu Dhabi is now home to a rapidly diversifying economy that is among the largest in the region, with GDP reaching a total of Dh952.68bn ($259.32bn) at current prices in 2014.
Financial institutions and other market participants use a number of mechanisms in their daily operations designed to reduce risk exposure, such as providing each other with security or collateral. In addition, participants may agree to include provision for close-out netting in the contracts they enter with each other.
Over the past two decades, Bahrain has witnessed an emergence of a number of large-scale real estate development projects that have had a positive impact on the national economy and created countless job opportunities alongside attracting foreign investment to the kingdom. However, what was to be a carefully supervised and highly profitable...
Legislative Decree No. 21 of 2001 promulgating the Commercial Companies Law (Commercial Companies Law) has been amended by the recently issued Legislative Decree No. 50 of 2014 amending the Commercial Companies Law (New Law), introducing reform to Bahrain’s corporate environment.
This chapter contains an outline of the legal framework within which local and international firms operate within Bahrain, including an overview of the kingdom’s relevant rules and regulations, a look at the recent labour law, and a rundown of the new guidelines for rental units.
This chapter contains a viewpoint from Hatim Q Zu’bi, Partner, Zu’bi...
Low oil prices will undoubtedly continue to be a significant challenge for Bahrain in 2016. However the kingdom’s early moves to diversify its economy mean the country is well placed to weather the storm and non-oil segments are expected to continue performing well in 2016.
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