Unlike in the United Arab Emirates, Bahrain’s personal status law is uncodified, and the Sharia courts are responsible for applying the Islamic principles of inheritance on a case by case basis. This means that when a senior member of a family business passes away, family members who disagree on matters of succession, find themselves embroiled in lengthy and costly court proceedings.
The Central Bank of Bahrain (‘CBB’) issued Directive No. OG/499/2018 concerning the economic substance requirements for certain financial institutions (defined as the ‘Relevant Entities’ below) in the Kingdom of Bahrain (‘Bahrain’) that came into force on 1 January 2019 (‘Economic Substance Directive’) pursuant to Article 38 of the CBB and Financial Institutions Law No. 64 of 2006 (‘CBB Law’).
Developments in 2019 suggest that the regulation of work and the employment relationship will continue to be an area of focus as the Kingdoms of Saudi Arabia and Bahrain move into a new decade and compete regionally and internationally for foreign investment and talent.
Airbus is showcasing their diverse portfolio of mission-critical offerings at the 2nd edition of Bahrain International Defense Exhibition & Conference. Being held under the patronage of His Majesty King Hamad bin Isa Al Khalifa, and endorsed by the Bahrain Defense Force.
A century has elapsed since Al Hidayiah Al Khalifiya first opened its doors to Bahraini pupils. Since 1919, the government of the Kingdom of Bahrain has consistently demonstrated its commitment towards the development of the educational sector, and this forward thinking approach continues to be demonstrated today.
Content Types: ArticleRegions & Countries: BahrainIndustries: Information TechnologyServices: Legal
Law No. (30) of 2018 promulgating the Personal Data Protection Law (“PDPL”) comes into force on Thursday, 1 August. This means that companies with a place of business in the Kingdom of Bahrain (and companies who process data using means available in the Kingdom) who process personal data need to start complying with the PDPL now.
Content Types: ArticleRegions & Countries: BahrainIndustries: Real Estate & Construction
It has been a busy year for the real estate sector in the Kingdom of Bahrain as there have been numerous changes to the sector’s regulatory framework, in addition to the development of new innovative technologies.
Content Types: ArticleRegions & Countries: United Arab EmiratesBahrain...Industries: Minerals & ResourcesOil & Gas...
Our quarterly regional theme to be published in full on 20 December analyses trade and investment relations between the Middle East & North Africa (MENA) and Turkey. It highlights the inroads Turkey has been making into MENA economically since 2002, while also noting recent rifts between the two sides.