Emergency Fund For Small Firms
TDT | Manama
Email: mail@newsofbahrain.com
MP Mohammed Al Olaiwi has urged the creation of an emergency and risk fund to help Bahrain shield workers, families and businesses from future shocks.
He said the idea had become harder to ignore after Bahrain and other Gulf states faced a run of crises that hit citizens and weighed on the economy.
Mr Al Olaiwi also called for companies that laid off Bahraini workers during the downturn to be monitored and held to account, saying some dismissals had left staff without a month of wage aid from the Unemployment Insurance Fund.
He said some firms had cut Bahraini staff, delayed wages or pushed employees into using paid leave, adding that such conduct should not pass without review.
The MP said help should go first to businesses that had borne the brunt of the strain, above all small and medium-sized firms, micro-businesses and shop owners in malls.
Rent aid, he added, should be part of the answer for traders and smaller businesses struggling to keep their doors open.
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