S.P.C. companies will no longer exist, ‘not for profit’ companies introduced.
Further changes have come to light with the amendments to the Bahrain Commercial Companies Law promulgated through Legislative Decree No (28) of 2020. Along with the change of S.P.C companies to W.L.L, there is an introduction of ‘not for profit’ companies, reporting changes and specific corporate governance changes. Other amendments cover mergers and acquisitions and […]
Launch of the digital fintech platform, FinHub973, connects Bahrain banks to start-ups globally.
The new platform will speed up the launching of financial services and products through an artificial intelligence (AI) powered global marketplace and will position the Kingdom as a regional innovation hub. Properly designed applications and products that are easy to use and secure are some of the many advantages of the digital fintech lab. To […]
Bank ABC to go ahead with its annual MEA Fintech Forum on November 24 and 25.
The event, under patronage of the Central Bank of Bahrain, will be held on an interactive, state-of-the-art virtual event platform. The forum’s agenda will include discussions around post-pandemic recovery, cashless payments and sustainability, and enhancing operational efficincies via technologies such as artificial intelligence. Economic recovery, regulation in the digital age, cyber security and the e-commerce […]
The NPRA announced that visit visas for entry to Bahrain will be extended at no cost until January 21, 2021 due to COVID-19.
The Nationality, Passports and Resident Affairs (NPRA) announced the extension of visit visas and the exemption of associated fees for all visitors on Saturday. The extension will be automatically applied meaning there will be no need to apply via the e-visa website. This welcome decision will take the pressure off visitors who are affected by […]
New company law to affect all Single Person Companies (S.P.C).
The Kingdom of Bahrain has introduced a new Legislative Decree No. 28 of 2020 for amending certain provisions of the Commercial Companies Law promulgated by Legislative Decree No. 21 of 2001. As per these new amendments, S.P.C’s (Single Person Company) are no longer recognized as legal structures in Bahrain. Accordingly, all S.P.C companies will be […]
5G is now widely available across all four governates in Bahrain.
Batelco is the first operator to have successfully activated 5G coverage across Bahrain. This comes after Batelco signed a partnership with Ericsson in 2019 to build a national 5G mobile network. The main advantages of 5G are greater speed, lower latency and higher capacity greatly improving video streaming, gaming and other internet-based technologies. To read […]
Global waste water treatment technology company
A global company specialising in wastewater treatment approached PRIME in 2013 seeking an easier way to keep their company up to date with their corporate governance obligations with the Ministry of Industry, Commerce and Tourism (MOIC). They had been operating in Bahrain since 2011 after winning a major contract to upgrade the local wastewater treatment […]
Local vegetable production to increase by 20% by soil-less farming projects as part of His Majesty King Hamad bin Isa Al Khalifa’s Initiative for Food Security.
A tender for the setting up of two soil-less farming projects has been floated by the Works, Municipalities Affairs and Urban Planning Minister Essam bin Abdullah Khalaf. They will be located in Diraz and Hurat Aali as phase one, and six other sites distributed over four governorates in subsequent phases. It will be the perfect […]
23,000 Bahraini citizens will benefit from the Government’s extended 50% salary subsidy.
The Bahraini Government has decided to extend it’s wage subsidy for a number of its citizens for another three months starting from October 2020. It will benefit 23,000 Bahrainis and 4,000 adversely affected establishments from COVID-19. Nurseries, taxi drivers, public transport drivers and driving instructors are also included. To read more click here.
COVID-19 entry procedures into Bahrain via the Saudi Causeway announced.
Specific entry procedures into Bahrain have been announced for those arriving from Saudi Arabia via the King Fahd Causeway which was partly reopened in late July. The procedures include PCR testing, downloading the ‘BeAware Bahrain’ app and self-isolation rules. To read more click here.
