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Tuesday, 22 June 2021

Bahrain to cover electricity and water payments for individuals, companies for 3 months

Reuters , Tuesday 17 Mar 2020
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Bahrain announced on Tuesday a financial package of 4.3 billion Bahraini dinar ($11.39 billion) to combat the fallout from the coronavirus outbreak.

The measures include covering electricity and water payments for individuals and companies for three months starting in April, the finance ministry said in a tweet.

Bahrain will also double the size of the liquidity fund to reach 200 million dinars ($530 million). The central bank will also raise the lending capacity of banks by 3.7 billion dinars ($9.80 billion) to postpone installments or additional financing for clients, the ministry said.

The package also exempts tourist facilities from paying taxes for three months as of April as well, the ministry added.

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