Bahrain extends freeze on foreign worker fee
MANAMA, Bahrain, July 6, 2012 /PRNewswire-USNewswire/ -- In a move that has been praised by top companies and business groups, Bahrain has agreed to extend a freeze of the Labor Market Regulatory Authority (LMRA) fee for expatriate workers until the end of the year.
The fee was initially suspended in April 2011 in order to provide support and relief to companies affected by the unrest and a weakening global economy.
The Cabinet also announced that Bahrain would undertake a comprehensive study to evaluate long term viability of the fee. The Ministerial Committee for Financial and Economic Affairs will conduct the survey in conjunction with the Ministry of Industry and Commerce. The Bahraini Chamber of Commerce and Industry has been tasked with formulating alternative policies to the fee.
The report's conclusions will be submitted to the government in November.
SOURCE Kingdom of Bahrain
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