Saudi Arabia to Announce Billions to Ease Inflation Burden
Saudi Arabia on Monday announced it was providing 20 billion riyal (US$5.3 billion) directly to citizens in a ...
Source: theepochtimes.com
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UAE and Saudi Set To Tackle Inflation With New Decisions
It is no secret that most world countries are reporting unusually high inflation rates, which justifies fears of a major shock to the global economic sy
Source: albawaba.com
World events behind price spikes, says Saudi minister of commerce
JEDDAH: Major events including the COVID-19 pandemic and war in Ukraine have caused price hikes around the world, Saudi Minister of Commerce Majid Al-Qasabi said in a periodic government communication conference on Tuesday. The press conference discussed four key areas: Global events that led to price increases, the Saudi leadership’s guidance to address the effects of the
Source: arabnews.com
Saudi authorities taking steps to prevent artificial price hike, says minister
RIYADH: Saudi Commerce Minister Majid Al-Qasabi on Tuesday said the authorities are monitoring prices of 217 commodities and taking necessary measures to prevent any price manipulation. Speaking at a press conference in Riyadh, the minister said special teams have so far carried out 640,000 inspection tours across the Kingdom to ensure availability of essential commodities at
Source: arabnews.com
We will prevent any price manipulation: Minister
Dr. Al-Qasabi made these remarks on Tuesday during the periodic government communication press conference, which was about the price hike.
Source: saudigazette.com.sa