Saudi Arabia to Remove Subsidies for 7 Services from 2nd October 2016

Saudi Arabia to Remove Subsidies for 7 Services from 2nd October 2016Saudi Arabia will cut subsidies for seven government services, including removing price-caps on 193 items, according to local media.
Effective from October 2, the 50 percent subsidy that has for years applied to port services, passport fees, car driving license fees, car transfer fees, traffic fines and renewal of residence permits for domestic workers will be removed, while the protection tariffs added to 193 imported items will be removed, Arab News said.

Saudi Arabia to Remove Subsidies for 7 Services from 2nd October 2016