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Saudi Arabia tells banks to support businesses to avoid job cuts

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An ATM outside the Saudi National Commercial Bank. Saudi Arabia's central bank is ordering lenders to provide concessional loans to businesses grappling with the fallout of the coronavirus so companies won't have to cut jobs.

[RIYADH] Saudi Arabia's central bank is ordering lenders to provide concessional loans to businesses grappling with the fallout of the coronavirus so companies won't have to cut jobs.

The Saudi Arabian Monetary Authority wants banks to immediately put in place a lending programme for at...

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