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Saudi Press Agency

Saudi Press: Kingdom takes more measures to mitigate impacts of Coronavirus

Saudi Press Agency

Thursday 1441/8/30 - 2020/04/23

Riyadh, April 23, 2020, SPA -- 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 royal directives and decisions issued by the government of the Custodian of the Two Holy Mosques to mitigate implications of Coronavirus pandemic included everyone's lives on the territory of the Kingdom of Saudi Arabia.

The paper added that the directives focused on all important aspects of people's lives, whether economic or humanitarian such as providing free treatment in health facilities for all citizens, residents, and the violators of Iqama regulations without exception.

The paper affirmed that these directives are still continuing as the government is following up and monitoring the implications of the COVID-19 pandemic to address any negative impacts on the various sectors and mitigate the financial and economic effects on the private sector and economic activities, in addition to standing with all segments of society, citizens and residents in this crisis.

Al-Bilad newspaper reported in its editorial that as the challenges and effects caused by Coronavirus for the global economy, the Kingdom of Saudi Arabia, through its strong economy, is able to stand up against this global pandemic. These facts reaffirm the prudent economic policy that the Kingdom of Saudi Arabia dedicates in its development process through enhancing financial efficiency along with its high-level monetary reserves that rank third in the world, the paper added.

The paper concluded that the health and preventive care for citizens and residents topped the interests of leadership and the government's efforts.

Al-Eqtisadiah newspaper reported in its editorial that the competent authorities for issuing securities in the Kingdom of Saudi Arabia are following a developed method in this field that takes into account the data and requirements and the general situations whether at a local or global level.

The paper added that this method is a fixed strategy, supported by the standards of Saudi Arabia's vision 2030 and its continuation in completing the process of economic construction in various fields.

The paper concluded that Saudi Arabia is approaching policy in the field of securities to guarantee high-quality issues, taking into account the country's high credit situation, even in light of the decline in oil prices.

--SPA
09:56 LOCAL TIME 06:56 GMT
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