Saudi to hand out billions to ease inflation pain ...Middle East

Daily Sun - News
Saudi to hand out billions to ease inflation pain
RIYADH: Saudi Arabia announced Monday it was disbursing billions of dollars directly to citizens to ease the effects of inflation amid growing online expressions of frustration over rising prices.“A generous royal order was issued approving the allocation of financial support in the amount of 20 billion riyals (around $5.3 billion) to face the repercussions of rising prices globally,“ the official Saudi Press Agency reported, attributing the decision to King Salman(pix).Roughly half that amount would come via direct cash transfers to social security beneficiaries, the SPA report said.Earlier on Monday, Crown Prince Mohammed bin Salman “stressed the need to take into account the neediest citi

Hence then, the article about saudi to hand out billions to ease inflation pain was published today ( ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Saudi to hand out billions to ease inflation pain )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News