DUBAI –
Saudi Arabia and the United Arab Emirates are boosting state spending on social welfare by billions of dollars as they seek to shield their citizens from rising living costs.
The UAE is doubling the financial support it provides to low-income Emirati families to 28 billion dirhams ($7.6 billion) to help them with soaring inflation in the Gulf state, while Saudi Arabia’s King Salman bin Abdulaziz al-Saud ordered a 20 billion…
