Bahrain: 100% Foreign Ownership In Oil Spill Services

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Bahrain’s cabinet approved 100% ownership of firms offering oil spill treatment services by foreign companies and investors.
The approval was granted in the light of a memorandum submitted by the Minister of Industry, Commerce and Tourism, and based on a proposal by the Minister of Oil, said a Bahrain News Agency report.
The Cabinet also agreed to allow Thai nationals to carry out commercial activities by 100% ownership in the Dragon City mall, based a proposal by the Minister of Industry, Commerce and Tourism.
The request, which was approved by the Bahrain Chamber of Commerce and Industry, was submitted by the Diyar Al-Muharraq Company.
Meanwhile, the Cabinet instructed all ministries and government departments to submit reports to the Ministerial Committee for Financial Affairs and Rationalisation of Expenditure on their achievements regarding their programmes to reduce in the short and medium terms.
Source Credit: Trade Arabia


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