Bahrain, Malaysia sign investment agreement

Malaysian Prime Minister Mahathir Muhammad on Tuesday in Kuala Lumpur received a message from his Bahraini counterpart,Sheikh Khaleifa Bin Salman al-Khaleifa, pertaining to development of bilateral relations between the two countries.

The Gulf News Agency said Bahrain's minister of finance and economy, Abdullah Hassan Siaf, currently visiting Malaysia, handed over the message during his meeting with Muhammad.

Meanwhile, Bahrain and Malaysia on Tuesday signed an agreement providing for encouraging and protecting investment between the two countries.

The Gulf News Agency said this agreement, which was signed by Siaf and Malaysian Minister of Industry and International Trade Rafidah binti Abdul Aziz dealt with means of encouraging and protecting investments ventures carried out by the two countries' citizens and companies in the territories of the other through ensuring the basics to promote bilateral investment, trade and commercial activities.

The agreement also provides for the free transfer of investments and investment revenues, ensuring fair compensation in case of dividing property, and creating the proper atmosphere for settling any disputes relating to investment.