Monopolies law backed

MANAMA: New rules to protect businesses in Bahrain have been approved.

The Shura Council yesterday gave its nod to amendments that would encourage and protect competition, and remove obstacles to financial and business establishments.

The amendments to the 2018 Competitiveness Encouragement and Protection Law proposed by five Shura Council members will now be drafted into a law by the government and referred to the National Assembly within six months.

The legislation is expected to strengthen Bahrain’s economic and business-friendly laws and boost the national economy.

It will consolidate competitiveness and prevent monopolistic trade practices by individuals or business firms.

Source: http://www.gdnonline.com/Details/760034

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