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The story: Saudi Arabia and the United Arab Emirates (UAE) have rolled out increased social expenditure to offset the impacts of rising inflation. Emiratis and Saudis that fall under certain categories will soon receive additional government stipends. This comes as the UAE is experiencing a slowdown in economic growth, while the Saudi economy is rapidly expanding.
The coverage: The Emirates News Agency (WAM) reported on July 4 that UAE President Sheikh Mohammed bin Zayed Al Nahyan (MbZ) has ordered an expansion of the “social support program for low-income people” budget to 28B AED (7.6B USD)...
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