Coronavirus: Saudi Arabia says salaries not affected by austerity measures

Dubai: Saudi Arabia’s latest painful austerity measures will not affect the allowances and salaries of employees, according to the daily Okaz newspaper. The government is committed to paying the salaries and allowances of its employees on their fixed date every month. The suspension of the cost of living allowances is part of the recent austerity […]

UAE not to hike VAT rates and follow Saudi move

Dubai: The UAE has no plans to increase its VAT (value-added tax) rate, according to Younis Haji Al Khouri, under-secretary in the Finance Ministry, after Saudi Arabia confirmed it would go in for a hike. According to Al Khoori, “The ministry’s current focus is to work with all government entities based on the guidance of the […]