Firms are able to postpone taxes and payments © Majdi Fathi/NurPhoto via Getty Images
Firms are able to postpone taxes and payments © Majdi Fathi/NurPhoto via Getty Images

Coronavirus: Gulf states announce billions of dollars in business support

24 March 2020

Saudi Arabia has added a further SAR70bn ($18.6bn) to its economic stimulus package for companies struggling with the pandemic to bring it to a total of SAR120bn ($32bn).

The Finance Ministry has announced plans to exempt companies from certain government fees and delay other payments in the latest tranche of measures following announcement of a SAR50bn stimulus package last week.

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