Saudis reel from austerity drive after oil-rich 'magic decade'

Business May 15, 2020

Saudis reel from austerity drive after oil-rich 'magic decade'

Juggling two mortgages and part-time jobs, Saudi academic Abdullah finally came close to building his own home, but the kingdom's coronavirus-triggered austerity drive has dealt a crushing blow to his dreams. Saudi Arabia has announced a tripling of its value added tax from July and ...