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RIYADH: Saudi Arabia cabinet approves memorandum of understanding between Saudi Arabian 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 Saudi Arabia, 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.