Economics

Saudi Arabia, UAE Earmark Billions in Inflation Relief for Poor

A vendor sells fruit and vegetables on a roadside in Riyadh, Saudi Arabia.Photographer: Tasneem Alsultan/Bloomberg

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By Zaid Sabah and Adveith Nair

July 4, 2022 at 7:19 PM UTC

Updated on

July 5, 2022 at 4:41 AM UTC

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The two largest Gulf economies, Saudi Arabia and the United Arab Emirates, will set aside about $13 billion to support low-income citizens and stockpile key commodities amid a surge in the costs of living.