Bahrain: Implementation of Data Protection Law Being Considered

Bahrain’s Justice, Islamic Affairs and Endowments Ministry is considering the implementation of the country’s Data Protection Law.

It will be implemented in line with international standards.

They have launched a consultation on draft implementing regulations. The consultation ends on 30 June 2021.

They are also working directly with specific sector regulators to facilitate consultation on the draft regulations to ensure they are implemented smoothly in all sectors and sector-specific requirements are taken into account.

Under Bahrain Decree-Law No. 78/2019, the Ministry has had the duties and powers of the Personal Data Protection Authority delegated to them.

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Bahrain: Investor Relations Best Practice Guide Launched

Bahrain’s Bourse has announced it has issued an Investor Relations Best Practice Guide.

It aims to highlight the importance of the Investor Relations function and the effect of implementing Investor Relations best practices on the valuation and competitiveness of listed companies in the market.

It includes guiding principles of Investor Relations, outlines the operating and regulatory environment and provides guidance on Investor Relations’ strategies in line with best international practices. It also includes case studies from listed companies’ Investor Relations best practices.

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Bahrain: Anti-Smoking and Tobacco Law Amendments Being Considered

The Services Committee of the Shoura Council has discussed a draft law amending Bahrain Law No. 8/2009 on combating smoking and tobacco of all kinds and the accompanying Bahrain Decree No. 74/2017.

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Bahrain: Bahrain Signs Mutual Recognition of Vaccination Agreement with Israel

Bahrain has signed a mutual recognition of vaccination and green passports agreement with Israel.

It is the first agreement of its kind between the two countries and is a global precedent for a bilateral agreement on mutual recognition of vaccination certificates.

Under the agreement, those who have been vaccinated in both countries and received vaccinations recognised in the other country will be exempt from isolation rules and be able to enter places which require a green passport. In the second phase, arrangements will be made for people who have been vaccinated with a vaccine which is not recognised by one of the two countries.

The identification process will be carried out digitally. This will facilitate entry into both countries. It is expected to strengthen tourism, trade and economic relations between the two countries.

It follows recent talks between the Bahraini Foreign Affairs Minister and their Israeli counterpart, Gabi Ashkenazi.

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Bahrain: Signs Mutual Recognition of Vaccination Agreement with Israel

Bahrain has signed a mutual recognition of vaccination and green passports agreement with Israel. It is the first agreement of its kind between the two countries and is a global precedent for a bilateral agreement on mutual recognition of vaccination certificates. Under the agreement, those who have been vaccinated in both countries and received vaccinations recognised in the other country will be exempt from isolation rules and be able to enter places which require a green passport. In the second phase, arrangements will be made for people who have been vaccinated with a vaccine which is not recognised by one of the two countries. The identification process will be carried out digitally. This will facilitate entry into both countries. It is expected to strengthen tourism, trade and economic relations between the two countries. It follows recent talks between the Bahraini Foreign Affairs Minister and their Israeli counterpart, Gabi Ashkenazi.

Bahrain: Anti-money Laundering Law Amendment Approved

The Foreign Affairs, Defence and National Security Committee of Bahrain’s Parliament has approved Bahrain Law No. 29/2020 amending Bahrain Decree-Law No. 4/2001 on prohibiting and tackling money laundering and terrorist financing. The new amendments expand the criminalisation of money laundering to include any criminal activity provided for by Bahraini laws or any other laws and international agreements which are ratified by the Kingdom of Bahrain and became party to. The Law also increases the penalties by adding more penalties and granting the relevant authorities the necessary powers to impose administrative fines on violating establishments.

Bahrain: The Legislative and Legal Affairs parliamentary committee has discussed a draft law

The Legislative and Legal Affairs parliamentary committee has discussed a draft law on the issuing of the advocacy law and decided to approve it with the amendments which have been introduced. The law has been subject to extensive examination by the committee. The chairman of the committee stated the aim is to issue a new law to regulate the profession of advocacy law to keep up with the developments that happened since the current law Bahrain Law No. 26/1980 was issued.

Bahrain: Investment Reconciliation Decree-Law Approved

Bahrain’s Shoura Council has approved a Decree-Law to carry out the amendments necessary before the World Bank Review for the usual assessment which takes place in the first quarter of each year. The aim of the law is also to boost confidence in the economic and financial system in the Kingdom to improve its international credit rating. The Law aims to reconcile the financial and economic situation of the investments and companies and to boost the rights of creditors as well as encourage them to utilise the benefits given by the Bahraini legislature.

Bahrain: Court of Cassation Law Amendments Approved

The Judicial and Legal Committee of Bahrain’s Parliament has reviewed a law to amend Bahrain Law No. 8/1989 (the Court of Cassation Law). The Committee has considered the recommendations made by the Justice Ministry, the Supreme Judicial Council and other institutions in this regard. The new law has been amended and approved.