Bahrain news, articles and comment
Your starting point for all the latest news and comment concerning business, legal and other stories and events in Bahrain and the wider Gulf region.
S.P.C. companies will no longer exist, ‘not for profit’ companies introduced.
/in News /by PRIME Instant OfficesFurther 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.
/in News /by PRIME Instant OfficesThe 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.
/in News /by PRIME Instant OfficesThe 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.
/in News /by PRIME Instant OfficesThe 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).
/in News /by PRIME Instant OfficesThe 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.
/in News /by PRIME Instant OfficesBatelco 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 […]
