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Bahrain drives toward e-commerce laws

Bahrain is working towards closing loopholes in financial regulations that leave electronic transactions and documents unrecognised by the mainstream legal system.

Bahrain is working towards closing loopholes in financial regulations that leave electronic transactions and documents unrecognised by the mainstream legal system.

Ahmed Radhi, Ministry of Commerce and Industry assistant undersecretary for Commerce and Company Affairs, has said government agencies are working closely to pass an Electronic Transactions Law soon.

Bahrain, long regarded as the financial capital of the Middle East, is looking to maintain its leading role in the Internet era. The lack of financial regulations governing electronic transactions had threatened to derail this plan.

"E-commerce is one of the core pillars of our strategy, and accordingly we have established a dedicated section to develop this important business delivery channel," said Radhi.

The ministry's e-commerce section's mission, explained Radhi, is to establish Bahrain as the 'center of choice' for e-business in the Middle East by "nurturing successful partnerships and fostering infrastructure development to serve citizens and the business community.

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