Saudi Arabia Supports Private Sector to Mitigate Financial Impacts of COVID-19

Saudi newspapers highlighted in their editorials today a number of issues at local, regional and international arenas.
Al-Riyadh newspaper reported in its editorial that the proactive and precautionary decisions of the Custodian of the Two Holy Mosques' government are continuing, since the beginning of the outbreak of Coronavirus (COVID)-19 Pandemic in the world to mitigate its social and economic impacts and provide the highest levels of protection and safety for citizens and residents.

The paper added that among these decisions was the Cabinet’s approval on Tuesday to exempt small enterprises with a total of nine employees or less from paying the financial compensation for some employees, affirming that the decision would help in supporting the private sector in these difficult circumstances.

In another context, Al-Bilad newspaper said in its editorial that the Kingdom of Saudi Arabia called on hold virtual meetings of OPEC+ group along with a number of other producing countries. The paper added that the vital meeting has reflected Saudi Arabia's keenness on the sustainability of supplies to the global markets and their balance in a way that maintains fair prices and realizes the interests of both producing and importing countries.