Monday, 30 March , 2020     |     885      |      +      |     

Kuwait approves measures to support businesses during coronavirus lockdown

Kuwait approves measures to support businesses during coronavirus lockdown : Google
  • Business

Kuwait has taken a number of measures to support small and medium-sized companies and individuals to face the economic consequences of the coronavirus pandemic.

The Kuwait Banking Association said in a statement that it has decided to postpone the repayment of loans and credit card facilitations for small and medium-sized companies for six months, as well as interest.

The association has also postponed the repayment of credit card instalments for individuals for six months and cancelled interest accrued as a result of the postponement.

Earlier, the Kuwaiti National Assembly passed a law vowing a 10-year prison sentence and a fine of up to KWD 30,000 ($100,000) against coronavirus patients who are aware of their infection and hide it and transmit it to others.

According to the Kuwaiti Health Ministry the country has a total of 191 confirmed cases of COVID-19 including 152 who are currently receiving medical care.

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Category: #Business, #Government, #Kuwait News | 2020/03/30 latest update at 6:00 AM
Source : MEMO | Photocredit : Google
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