Saudi companies fail to make payrolls, Gulf states weigh taxes as oil prices strain economies

Saudi companies fail to make payrolls, Gulf states weigh taxes as oil prices strain economies

Special to WorldTribune.com Sinking oil prices are weighing heavily on Mideast economies. In Saudi Arabia, the construction sector has been hit hard by low oil prices as several firms with government contracts are failing to make payroll. The Riyadh government has significantly cut spending on building projects as it seeks to reduce a budget deficit […]