Qatar will temporarily pay some private sector salaries as policies meant to prevent the spread of the new coronavirus keep most businesses closed.
Event Location
Qatar , Qatar
Start Time
17 April 2020, 12:00 AM
End Time
30 April 2020, 12:00 AM
Privately owned companies incorporated in Qatar can apply for three months of salary support for their workers. The new program administered by Qatar Development Bank is expected to cost 3 billion riyals ($820 million).
This is part of a 75 billion-riyal stimulus program meant to ease the economic stress caused by shutdowns of the nation’s businesses.
Employees will receive money directly in their Qatari bank accounts, the lender said in a statement. Both Qatari citizens as well as foreign workers -- who make up almost 95% of the work force -- will be eligible for the payments
Qatari companies whose landlords haven’t waived rental payments will also be able to tap the QDB program to pay rent. They’ll have three years to pay back the state funds, but the government will guarantee.
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