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Saudi to raise wages, welfare payments
- Saudi Arabia: Tuesday, January 29 - 2008 at 09:45
Saudi Arabia plans to raise wages, welfare payments and subsidies to help offset rising disaffection over inflation, reported retuers. With inflation in the kingdom surging to a 16-year high, the Saudi government said it will increase public sector wages and pensions by 5% for three years, raise social insurance benefits by 10%, and subsidise half the cost of shipping and some administrative expenses including those for driving licences and passports.
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Jeff Florian, Senior ReporterTuesday, January 29 - 2008 at 09:45 UAE local time (GMT+4)
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