Arab economy taking a nosedive. Worst was KSA's tripling of VAT from 5% to 15% last June amid Covid, increasing living cost, cost of production and reducing economic activity and orders.
https://www.bloomberg.com/news/articles/2020-09-03/virus-recovery-takes-w-shape-for-three-biggest-arab-economies
4-Sep-2020 12:21 pm