Monday 20 October 2014
 
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Subsidies

Kuwait starting to cut subsidies, says IMF

Kuwait's government has started reducing some state subsidy payments and is in an advanced stage of preparing a plan to cut subsidies for kerosene and electricity, the International Monetary Fund said. Subsidy cuts are an impo

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IMF to loan $560m to Yemen

Yemen has reached agreement with the International Monetary Fund on a $560 million loan, the finance minister said on Friday, after the government cut fuel subsidies and ordered curbs on public spending. The second poorest Arab country

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Changes 'imminent' in Bahrain subsidies system

Changes to the system of providing government subsidies in Bahrain are "imminent" and the issue is being studied, it was announced yesterday. The government currently subsidises fuel, flour and meat (livestock and chicke

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Subsidy costs soar 73pc in Bahrain

The cost of government subsidies has increased by 73 per cent in five years, rising from BD822 million ($2.15 billion) in 2007 to BD1.126 billion last year, Deputy Premier Shaikh Khalid bin Abdulla Al Khalifa said. The figures are

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'Subsidies on basic staples won't be lifted'

Government subsidies in Bahrain on basic commodities, including meat, will not be removed, reassured a top official. Minister of State for Information Affairs Sameera Rajab yesterday dismissed reports in local newspapers, citing u

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Bahrain to scrap asphalt subsidies

The Bahrain government's subsidies on asphalt are to be scrapped. The price will be deregulated as of January 1 for lack of economic viability, the National Oil and Gas Authority announced yesterday, said a report in the Gulf

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Mideast facing ‘double dilemma’ over oil future

The Middle East is facing a double dilemma over the global competitiveness for oil in the future, said experts at a panel discussion held by the International Institute for Strategic Studies (IISS) - Middle East in Bahrain. On the

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Bahrain consumers face new curbs on chicken

Customers in Bahrain are facing new restrictions on buying subsidised chicken due to inconsistent supplies, a report said. Butchers at three major supermarket chains confirmed stocks were being rationed to between two to five chic

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Bahrain subsidies jump 67pc to top $3.8bn

Government-subsidies have soared by 67 per cent to top BD1.5 billion ($3.86 billion) this year in Bahrain, up from BD901 million in 2007, a report said. They cover food products, education, electricity, water, oil and gas sales an

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Egypt's cabinet agrees to curb fuel subsidies

Egypt's cabinet has approved the ending of subsidies on 95-octane gasoline and said it would set quotas for the sale of other subsidised fuel from April, the planning minister said. The announcement follows a preliminary deal

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