$8 million to develop Bahrain's old market developments

Funding should go to traders’ development and not banks, says official
$8 million to develop Bahrain's old market developments
A foreign fabrics vendor checks his products in the old market of the Bahraini capital Manama. (Mohammed al-Shaikh/AFP/Getty Images)
By Staff writer
Thu 02 Jun 2016 12:23 PM

Bahrain’s Chamber of Commerce and Industry has assigned about $8 million (BD3 million) to develop the country’s old markets.

The funding was announced by first deputy chairman Khalid Al Zayani in a board meeting on Tuesday, reported Gulf Daily News.

Al Zayani said the money should go to traders’ development, rather than be placed in banks and reserves.

The meeting, held by the General Assembly, had been postponed twice over low attendance.

Over accusations that the minutes of an April 2015 meeting were forged, Al Zayani said the case would remain open until those responsible were punished.

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