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Saudi Press: Saudi Arabia Continues to Intensify Efforts to Face Impacts of Coronavirus on Economy and Energy Markets
Published in Saudi Press Agency on 12 - 04 - 2020

Saudi newspapers highlighted in their editorials today a number of issues at local, regional and international arenas.
Al-Riyadh and Al-Bilad newspapers said in their editorials that during the time of the outbreak of coronavirus (COVID-19), the Kingdom of Saudi Arabia as one of the biggest producers of oil continues to work on stabilizing the global energy markets and the global economy. The newspapers added that the Extraordinary G20 Energy Ministers' virtual meeting focused on providing measures to rebalance global oil markets ravaged by the coronavirus pandemic and the meeting, chaired by Saudi Arabia, resulted in agreeing on the deal of reducing oil production to 10 million barrels per day to stabilize crashing oil markets.
In another context, Al-Yaum newspaper reported in its editorial that under the wise leadership of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and HRH Crown Prince, the government provides all financial support to different sectors to face the outcomes of coronavirus outbreak. The newspaper added that the Custodian of the Two Holy Mosques approved SAR 7 billion, bringing the total financial support to SAR 15 billion to raise the health sector's readiness to secure medicines, operate additional beds, provide medical equipment and health supplies. In the same context, the government allocates SAR 9 billion for employees affected by a coronavirus. The newspaper concluded that the government of Saudi Arabia is taking immediate measures to ensure the safety of its citizens and residents, and to address coronavirus financial and economic impact.


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