King Abdullah of Saudi Arabia announced financial support measures, worth an estimated SR135bn ($36bn), in a bid to avert the kind of popular unrest that has toppled leaders across the region and is now closing in on Libya’s Muammer Gaddafi.
The measures include a temporary 15 per cent salary rise for public employees to offset inflation, reprieves for imprisoned debtors, and financial aid for students and the unemployed.
Saudi Arabia’s ruling family has thus far been spared the type of popular discontent that has toppled presidents in Tunisia and Egypt and brought Libya to the brink of civil war, after cities in the country’s eastern region rebelled against Col Gaddafi’s rule. On Wednesday, Misurata became the first major city in western Libya to slip from the regime’s control.