Qatar suspends entry of non-Qataris in moves to shield economy


  • World
  • Monday, 16 Mar 2020

FILE PHOTO: People walk at souq Waqif, following the outbreak of coronavirus, in Doha, Qatar March 12,2020. REUTERS/stringer/File Photo

DUBAI (Reuters) - Qatar said on Sunday it would ban non-Qataris from entering the country for two weeks as of Wednesday and announced measures to support the economy including providing 75 billion riyals ($20.5 billion) in financial incentives to the private sector.

The government will also instruct state funds to increase their investment in the local bourse by 10 billion riyals and the central bank will provide additional liquidity to banks and encourage them to provide a six-month grace period on loan payments and private sector obligations.

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