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The bank announced an overall package of 9 billion riyals ($2.4bn), according to Saudi Arabia’s state news agency (SPA) – 8bn riyals of which ($2.1bn) will be used to help 6,000 businesses with financing and a newly created portfolio will focus on companies in the health-care sector.
Vast wealth and the promise of dramatic change make for cautious optimism concerning Saudi Arabia, the chief executive…
1883 Views | the publication reaches you by | Saudi Arabia TodayA statement of SPA said:
“The umbrella of the initiatives included elastic and easier funding channels for the productive families and small self-employed entrepreneurs, through the mediators of micro funding, for six-months, starting from last April, too.”
The bank has also created a Portfolio for Health Care, to fund around 1,000 medical units through raising their operational capacity.
It was announced on Friday that there are 24,097 confirmed cases of coronavirus in the kingdom, of which, 20,373 are active cases where the condition of patients is described as “mostly stable”.
There were 392 recoveries, taking the total to 3,555, although seven new deaths took the death toll to 169.
150 take part through Watani Al Emarat via the ‘Your City Needs You’ initiative Over 150 volunteers –…
1639 Views | the publication reaches you by | Saudi Arabia Today
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The Arab states of the Persian Gulf are the seven Arab states which border the Persian Gulf, namely Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).This excludes the non-Arab state of Iran. All of these nations except Iraq are part of the Gulf Cooperation Council (GCC).
