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Guildhall Curated News – Saudi king cuts ministers’ salaries 20%

Guildhall Curated News – Saudi king cuts ministers’ salaries 20%

Saudi Arabia Monday cut the salaries of cabinet ministers by 20 percent and froze the wages of lower-ranking civil servants in an intensified austerity drive to cope with lower oil revenues. While ministers will have lower salaries, the 160 members of the Shura Council will see a 15-percent drop in their annual allowances for housing,…

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