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Tue 23 Mar 2010 08:05 AM

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Bahrain grants GCC businessmen same rights as locals

But new law does not allow them to launch newspapers, be sole trader of top brands.

Bahrain grants GCC businessmen same rights as locals
NEW LAW: GCC businessmen will be granted the same rights as Bahrainis, officials say. (Getty Images)

Bahrain officials have approved a bill that grants businessmen from GCC countries the same rights as Bahrainis, it has been reported.

The new law, approved on Monday, will now be ratified by His Majesty King Hamad, reports the Gulf Daily News.

While it takes the prospect of a unified GCC market a step closer to being, the new law does not allow GCC businessmen to launch a newspaper, act as sole importer of branded goods or be granted commercial rights for trademarks in Bahrain.

Saud Kanoo, Shura Council financial and economic affairs committee secretary, told the paper: "We are looking for the unified GCC currency, but it can't be done if GCC countries don't work together to give equal privileges and rights to GCC citizens.

"Here in Bahrain, GCC nationals are treated as Bahrainis in investment, education, employment, health and other social services and there are many other advantages that Bahrain is planning to give in future," he said.

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