Banks urged to postpone loan instalments in effort to mitigate fallout from coronavirus

Cairo: The Bahraini government has decided to pay electricity and water bills on behalf of all citizens, the latest effort in the kingdom to mitigate the economic impact of the new coronavirus, the Bahraini news agency BNA has reported.
The move covers electricity, water and municipal fees for all Bahrainis in their first residence for three months, beginning October with the amount not exceeding the bills for the same period last year for each subscriber, the BNA added.
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Bahrain has recently unveiled a $11 billion stimulus package to aid the private sector in grappling with the fallout from the COVID-19.
In April, the government decided to expand the package to cover more categories of workers affected by the economic impact of the virus, including taxi and bus drivers for three months.
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