A trade deal signed in Dubai last year will be reviewed by the Shura Council today for a final vote. The agreement, which passed through Parliament last month, aims to provide legal protections for investors and ease financial transac
TDT | Manama
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A trade deal signed in Dubai last year will be reviewed by the Shura Council today for a final vote. The agreement, which passed through Parliament last month, aims to provide legal protections for investors and ease financial transactions between Bahrain and the UAE.
The Foreign Affairs, Defence, and National Security Committee of the council has expressed support, highlighting the deal's potential to strengthen trade ties. The arrangement protects investors from sudden government takeovers, changing regulations, and unfair treatment, while establishing clear terms for resolving disputes and facilitating the free movement of funds.
The deal has already passed legal reviews, with the Legislative and Legal Affairs Committee giving it the green light. The Ministry of Finance and National Economy also backs the agreement, arguing that it will foster investment, attract external capital, and support business growth without exposing Bahrain to financial risk.
Bahrain has signed 38 similar agreements with other countries to provide legal protection and streamline business operations. This agreement is expected to position Bahrain as a more attractive investment hub, opening new opportunities in emerging sectors such as digital trade and AI, particularly for Bahraini businesses in the UAE.
