Bahrain announced on Tuesday a financial package of $11.39 billion (4.3 billion Bahraini dinar) 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 provide additional financing for clients, the ministry said.
Visit our dedicated coronavirus site here for all the latest updates.
The package also exempts tourist facilities from paying taxes for three months as of April as well, the ministry added.
Coronavirus: 77 of 165 Bahrain citizens evacuated from Iran test positiveA total of 77 Bahrain citizens evacuated from Iran tested positive for coronavirus, the health ministry said on Wednesday, bringing the total to 189. ... Gulf
Bahrain extends suspension of all schools by two weeks amid coronavirus concernsBahrain confirmed it was extending a suspension of all private and public schools and universities by two weeks until March 29 as a precautionary ... Gulf
Bahrain’s Grand Prix to be participant-only event amid coronavirus fearsBahrain on Sunday said its Formula One race this month will only allow “participants only” over fears about the new coronavirus. For more ... Gulf
Bahrain accuses Iran of ‘biological aggression,’ over coronavirus spreadBahrain accused Iran on Thursday of “biological aggression” by covering up the spread of the coronavirus and failing to stamp the ... Gulf