LuLu Accelerates Gulf Growth With New Saudi Hypermarket

LuLu Expansion took a significant step forward...

Liwa International Festival 2026 Ignites Desert with Sport, Culture, and Spectacle

The Liwa International Festival 2026 has officially...

Qatar Strengthens Global Security Ties with Interpol Collaboration

Qatar is advancing international security cooperation as...
HomeBusinessBahrainFinance Committee Approves...

Finance Committee Approves Amendment to Commercial Companies Law Article 264

The House of Representatives’ Finance and Economic Affairs Committee held its 33rd meeting. MP Ahmed Sabah Al-Saloum chaired the meeting. All committee members attended.

The committee began by reviewing new referrals. One proposal suggested regulatory standards for obtaining a commercial register for technical professions in private home maintenance. This aims to ensure safety and quality of service for residents. The committee decided to address the relevant authorities on this proposal.

Next, the committee discussed Draft Law No. (21) of 2001, which amends provisions of the Commercial Companies Law (Decree-Law No. 21 of 2001). After review, the committee rejected the draft law.

The committee then discussed another draft law, Draft Law No. (21) of 2001. This law amends Article (264) of the Commercial Companies Law. After deliberation, the committee approved the draft law.

Furthermore, in the remedial clause, the committee reviewed Draft Law No. (21) of 2001. This law amends the table specifying the number of votes each chamber member has in voting. The committee decided to meet with the Bahrain Businesswomen’s Society regarding this.

However, under the item requesting the committee’s opinion, the committee reviewed five requests. One request involved the Services Committee’s draft law on amending Article (78) of the Social Insurance Law. Another request dealt with fees imposed on employers for issuing and renewing work permits and residence permits for family members of female workers and foreign employers.

The committee also reviewed a proposed law on amending certain provisions of Law No. (18) of 2006 regarding social security. Additionally, the committee looked at a proposal to raise the maximum benefit from housing services to 2,500 dinars. The committee decided to provide financial and economic opinions to the relevant committees.

Overall, committee members include MP Ahmed Sabah Al-Saloum (Chair), MP Mohammed Yousef Al-Ma’ari (Vice-Chair), MP Zainab Abdul-Amir Khalil, MP Iman Hassan Shuwaiter, MP Najib Hamad Al-Kuwari, MP Mohammed Al-Rifai, MP Basima Abdul-Karim Mubarak, and MP Abdullah Hassan Al-Dhaen.

Continue reading

Doha Port Welcomes Maiden Cruise Calls, Driving Qatar’s Growing Cruise Tourism

Qatar’s cruise sector is rapidly expanding as Doha Port welcomed two maiden calls this week. This milestone highlights Qatar’s cruise tourism growth and its role as a top regional destination for international travelers during the 2025-2026 season. Seven Seas Navigator,...

Saudi Arabia Leads Middle East Tourism Surge in 2025, Redefining Visitor Experiences

Saudi Arabia is leading Middle Eastern tourism in 2025, attracting millions and shaping the Middle East tourism boom. This growth comes from smart investments in luxury resorts, heritage sites, and international events under Vision 2030. As visitor numbers rise,...

Liwa International Festival 2026 Ignites Desert with Sport, Culture, and Spectacle

The Liwa International Festival 2026 has officially opened in Abu Dhabi’s Al Dhafra Region. From the start, Liwa International Festival 2026 experience set the tone for a season of adrenaline, heritage, and family entertainment. Moreover, the golden dunes created...