The monthly fee for each expat worker in Bahrain has been suspended for the next six months. This fee is collected by the LMRA (or Labour Market Regulatory Authority).
The measure was announced by the Prime Minister of Bahrain, HRH Prince Khalifa bin Salman Al Khalifa and the Deputy Supreme Commander of the nation, HRH Crown Prince Salman bin Hamad Al Khalifa. The two have ordered the authorities involved to take whatever administrative and legal action necessary to freeze the monthly fee of BD 10 (or $26.52) from April 1 on.
Steps to overcoming the hurdles and easing the burdens currently felt by private industries were also discussed, with the options and alternatives focusing on small and medium businesses particularly.
Both leaders have ordered the Central Bank of Bahrain to get moving with banks on the coordination required to provide facilities to the business people in Bahrain, with particular attention paid to those who are now holding large amounts of accumulated debt and carrying heavy interest.
Both the LMRA and the Ministry of Labour have been given instructions to streamline the licensing procedures that employers undergo while hiring to replace those expat workers who have left the country.
HRH the Crown Prince as well as HRH the Prime Minister have given directives to those concerned to get state-funded projects awarded quickly in order to create growth and momentum within the economy.
The Minister of Finance was also ordered to clear any unpaid government invoices related to construction, food subsidies and purchases.
They emphasized that the government has a firm resolve to assist the private sector in any way they can.
The leaders also stated that the government is keen to ease the burdens felt by citizens and traders alike, as well as address all problems.Paul Holdsworth, Staff Writer, Gulf Jobs Market News