Bahrain’s central bank on Thursday urged banks and financing companies to consider re-scheduling or granting deferrals on credit installments in light of the coronavirus outbreak, according to a circular seen by Reuters.
The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…1258 | the publication reaches you by | Bahrain News
On Saturday, the United Arab Emirates’ central bank advised banks to take measures to mitigate the economic effects of the coronavirus outbreak, including rescheduling loans and reducing fees and commissions.
The other Gulf countries have all reported cases, many of which came from Iran, which is one of the countries worst-hit by the virus.
In Iran, 15 more people died in the past 24 hours, bringing the total deaths to 107 out of 3,513 confirmed cases, up by 591 from the day before.
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