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RIYADH: ¶¶Òõ¶ÌÊÓƵ cabinet approves memorandum of understanding between ¶¶Òõ¶ÌÊÓƵn Monetary Authority and Dubai Financial Services Authority in the field of financial services, according to Saudi Press Agency.
The statement said a royal decree has been prepared for that.
Earlier this month, the central banks of the United Arab Emirates and ¶¶Òõ¶ÌÊÓƵ, the two largest Arab economies, announced stimulus plans worth a combined $40 billion to ease the impact of the coronavirus outbreak in their respective countries.