Financial news and information

With prices of essential commodities and house rents increasing by 30 to 50% in Saudi Arabia, locals and expatriates are calling for government intervention to curb the unprecedented phenomenon and for increasing their salaries to cope with the situation, reported Arab News. Dr. Abdul Ilah Saaty of King Abdul Aziz University said the country needs to implement a monitoring regime that keeps a close eye on inflation.

[AMEInfo.com]