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Week In Review

Signs of Saudi economic desperation becoming more evident

On May 11, Saudi Arabia's state news agency said VAT will increase from 5% to 15% as of July 1 and suspend the cost of allowance for state employees from June 1.

On May 15, it was reported that the Saudi authorities have asked the puppet Yemeni officials of Abdrabbuh Mansur Hadi’s group residing in the capital Riyadh to leave, and suspended the financial support provided to them, according to Arabi21 news-website.

The latest economic policies of the Saudi regime reflect the unprecedented internal and external pressure it is facing. The current situation further undermines the regime’s claim that they are the only ones capable of administering Makkah and al-Madinah.

Courtesy: Arabi21, Middle East Eye.

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