HIS Majesty King Hamad will today head to Saudi Arabia to attend the 4th GCC Consultative Summit in Riyadh.
MANAMA: Bahrain yesterday urged stronger GCC co-operation to confront mounting challenges and promote security, stability and development.
It threw its weight behind Custodian of the Two Holy Mosques King Abdullah's initiative to move from the phase of GCC co-operation to that of unity.
The call came on the eve of the GCC Consultative Summit, set to be held today in Riyadh.
Convening for its weekly meeting at Gudaibiya Palace, the Cabinet urged concrete steps for the landmark initiative to materialise.
Chaired by His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa, the session stressed the importance of the initiative at this critical and challenging period
Monthly fees levied on small companies have been slashed by 50 per cent as per July 1.
More than 41,000 firms are eligible to benefit from the lifeline announced by the Cabinet yesterday. They represent 78pc of the overall companies employing foreign workers in Bahrain.
Small companies will pay BD5, down from the current BD10, on the first five foreigners.
Firms will have to pay a monthly BD10 fee to the Labour Market Regulatory Authority on the sixth employee upwards.