Gulf Daily News - 30/04/2014
Legitimacy is the single all-encompassing characteristic that makes Bahrain business-friendly, Industry and Commerce Minister Dr Hassan Fakhro said yesterday.
Speaking at the opening of the Bahrain-Sri Lanka Business Forum at Beit Al Tijjar, Dr Fakhro said legitimacy meant that Bahrain embraced the rule of law, and authorities strived to be the best at what they do, whether it be in terms of laws and regulations, domestic and international policies, or simply in the way that individuals were respected irrespective of ethnicity and the principles of a truly secular state were upheld.
"It is this legitimacy that has underpinned Bahrain's rise as an important financial centre, and helped in avoiding the contagion felt across the globe during the financial crisis," he said.
Legitimacy is the single all-encompassing characteristic that makes Bahrain business-friendly, Industry and Commerce Minister Dr Hassan Fakhro said yesterday.
Speaking at the opening of the Bahrain-Sri Lanka Business Forum at Beit Al Tijjar, Dr Fakhro said legitimacy meant that Bahrain embraced the rule of law, and authorities strived to be the best at what they do, whether it be in terms of laws and regulations, domestic and international policies, or simply in the way that individuals were respected irrespective of ethnicity and the principles of a truly secular state were upheld.
"It is this legitimacy that has underpinned Bahrain's rise as an important financial centre, and helped in avoiding the contagion felt across the globe during the financial crisis," he said.