Thursday, 2 April , 2020     |     1069      |      +      |     

Kuwait to announce state intervention to prop up economy

Kuwait to announce state intervention to prop up economy : Google
  • Government

Kuwait will announce measures later on Tuesday aimed at supporting the economy against the coronavirus pandemic, a government source told Reuters.

The sectors most affected include aviation, hospitality and real estate, said the source, adding that the measures would include exemptions from government fees and credit facilities for those affected.


The source said that, given a plunge in oil prices, passing a debt law that would allow Kuwait to borrow more has become a “government priority” and that the state fund the government uses to finance its deficit has around 14 billion dinars ($44.65 billion) left in it. ($1 = 0.3135 Kuwaiti dinars)

Kuwait Today Business Subscription

Keywords:
Category: #Government | 2020/04/02 latest update at 12:00 AM
Source : Reuters | Photocredit : Google
1070
Comments Add comment

Latest Comments


  
  LinkedIn Gulf Media

Sponsored Publications


Related Articles

The editorial staff of Kuwait Media would like to give all of its readers from Gulf and Kuwait and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Kuwait Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Kuwait, the Gulf and the world.


Latest searches in Kuwait Today