Bahrain has gone through a series of economic challenges in the past five years. A primary source of these is the downturn in the real estate market. In an effort to combat the negative effects of the downturn on investors, three significant laws have been issued since 2014 regulating the dealings of all parties involved in the real estate...
The tightening of banking rules and regulations has been an ongoing pattern worldwide, particularly following the global financial crisis of 2008-09.
This chapter contains an overview of the legal framework in which local and foreign investors operate in Bahrain, including a summary of marketing investment products and services, a rundown of the changes to foreign ownership laws for certain businesses and a look at the recent amendments to real estate laws.
This chapter contains a viewpoint from Hatim Q Zu’bi, Partner, Zu’bi...
Bahrain has embarked on a reworking of its subsidy framework in a bid to ease the budgetary pressures associated with the fall in oil prices. Meanwhile, the government is also pushing forward with diversification efforts, with the kingdom’s $32bn investment strategy fuelling activity in various areas of the economy.
Oman’s five-year plans have emphasised the significance of diversification and privatisation. Recently, the government launched the Tanfeedh programme to achieve these goals, as documented in its ninth five-year plan. The Tanfeedh programme entails a review of the strategic sectors, which means identifying areas for improvement and enacting a...
The 1996 Basic Statute of the State (also referred to as the Basic Law) sets out the legal structure of Oman and the respective functions of the executive and the judiciary, as well as citizens’ personal liberties and public obligations. It provides that Oman’s basic principles include free market economics, cooperation between the public and...
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