In Saudi Arabia, Cigarette, Energy Drinks Prices Go Up Sharply

Riyadh: The price of a pack of cigarettes doubled for Saudi Arabian smokers on Sunday under first-time tax measures to help the kingdom cope with a drop in oil revenues. Residents of the world's biggest oil exporter long enjoyed a tax-free and heavily subsidised existence but a collapse in crude prices since 2014 sparked cutbacks and a search for new revenue. The "selective tax", effective from today, raised the price of tobacco 10...