Saudis and Emiratis offer financial support for citizens ...Kuwait

News by : (The New Arab) -
Saudi Arabia and the United Arab Emirates are boosting state spending on social welfare by billions of dollars as they seek to shield their citizens, but not expats, from rising living costs. The UAE is doubling the financial support it provides to low-income Emirati families to 28 billion dirhams ($7.6 billion) to help them with soaring inflation in the Gulf state, while Saudi Arabia's King Salman ordered a 20 billion riyal ($5.33 billion) allocation. The kingdom will reopen registration for the programme known as Citizens Account and allocate 8 billion riyals in additional funding for it through the end of the year. Another 2 billion riyals will go to one-off paym

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