Saudi Arabia’s King Salman has approved an additional package of measures to help the private sector deal with the economic impact of the coronavirus outbreak, its finance minister said. The package includes 50 billion riyals ($266 million) to accelerate payment of private sector dues, provide liquidity to several sectors and cover wages of those working in passenger transport.

In other news, Saudi media on Tuesday quoted Energy Minister Prince Abdulaziz bin Salman as saying that G20 producers outside OPEC+ have pledged to cut 3.7 million bpd.

To read about this and more of the week’s news from the Kingdom, click here.

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