Saudi newspapers highlighted in their editorials today a number of issues at local, regional and international arenas. Al-Yaum, Al-Eqtisadiah, and Okaz newspapers reported in their editorials that the Kingdom of Saudi Arabia has established historical and strategic relations with its partners and allies at regional and international levels. The papers said that such great progress in relations reflected Saudi Arabia's firm approach since its inception until this prosperous era, led by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defense. In this regard, the paper further added that the cables of congratulations extended by the Custodian of the Two Holy Mosques and HRH the Crown Prince, to US President-elect Joe Biden has expressed the depth of the close historical relations between the Kingdom of Saudi Arabia and United States of America and their two peoples. The paper concluded that the two countries are seeking to strengthen and develop their relations in all fields, especially in combating terrorism, establishing peace in the Middle East, and ensuring stability of Oil markets as a pillar of economic and strategic interests. In another context, Al-Bilad newspaper reported in its editorial that, Fitch affirmed the strength and durability of the Kingdom of Saudi Arabia's public finances, the flexibility of its policy and its possession of one of the largest sovereign assets of the classified countries, including reserves. The paper said that these positive index are key pillars of the Saudi economy, which strengthened its ability to confront the repercussions of the global Coronavirus pandemic. The paper concluded that in light of (COVID-19) Pandemic, Fitch stated in its report that Saudi Arabia's economic downturn in the current year is the lowest compared to the G20 countries, pointing out that government economic initiatives for individuals and the private sector have contributed to mitigating the negative effects of the pandemic's repercussions.
