Saudis in $32bn prop-up

摘要

SAUDI Arabia has announced $32 billion-worth of stimulus measures aimed at supporting its economy, which has been impacted by the Covid-19 pandemic and plummeting crude prices. The country's Finance Minister Mohammed al-Jadaan unveiled a huge stimulus package late last week that amounted to 120 billion Saudi riyals ($32 billion) that would support small and medium businesses, postpone tax payments and provide exemptions from various government levies and fees.