His Majesty King Hamad bin Isa AlKhalifa yesterday issued a number of urgency decree­laws to deal with the current financial conditions. The decree­laws aim to complete the economic legislative infrastructure in the Kingdom so as to strengthen the economic atmosphere. The
His Majesty King Hamad bin Isa AlKhalifa yesterday issued a number of urgency decreelaws to deal with the current financial conditions.
The decreelaws aim to complete the economic legislative infrastructure in the Kingdom so as to strengthen the economic atmosphere. They also aim at merging some government departments to avoid duplication in government action, increase productivity and reduce expenses.
On economy, HM the King issued seven decreelaws related to government's development bonds, collection of the cost of establishing and developing the infrastructure in construction areas, amending provisions of decreelaw on establishing and regulating industrial areas, amending some provisions of the Commercial Companies Law, commercial registration, amending the Civil and Commercial Procedures Act and amending some provisions of the Central Bank of Bahrain and Financial Institutions Law.
King Hamad also issued five decreelaws to regulate the government's work and avoid duplication. They include decree- laws on transferring the responsibilities of the Supreme Council for Vocational Training to the Labour Fund (Tamkeen), terminating the General Organisation for Youth and Sports, amending some provisions of the law on establishing the Bahrain Exhibition and Convention Authority and incorporating the National Health Regulatory Authority into the Supreme Health Council.
HM the King also issued a decreelaw on restructuring the pension benefits on which executive edicts will be issued by the ministries and departments concerned and also issued a Royal Decree on establishing the Information and e- Government Authority.
