Saturday 1 October 2016
 
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Subsidies

G20 urged to phase out fossil fuel subsidies by 2020

Insurers with $1.2 trillion under management called on Tuesday for the Group of 20 to set a timetable to phase out subsidies for fossil fuels by 2020 when they meet at a summit in China this weekend. Aviva, Aegon NV and MS Amlin s

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G20 urged to phase out fossil fuel subsidies by 2020

Insurers with $1.2 trillion under management called on Tuesday for the Group of 20 to set a timetable to phase out subsidies for fossil fuels by 2020 when they meet at a summit in China this weekend. Aviva, Aegon NV and MS Amlin s

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Qatar to let fuel prices fluctuate in subsidy reform

Qatar will allow its domestic gasoline and diesel prices to fluctuate in response to changes in global markets as it seeks to reduce waste of fuel and save money for the state budget. Currently, local fuel prices are fixed at low

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Oman to promote household generation of solar power

Oman will encourage households to generate electricity with solar panels and feed it into the national grid, Qais Al-Zakwani, executive director of the Authority for Electricity Regulation, said on Monday. The policy could put Oma

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IMF eyes simple steps to tackle climate change

Turning the tide on global warming should be tackled by big and small steps that range from cutting subsidies to riding bicycles, International Monetary Fund managing director Christine Lagarde said on Friday. "Removing fossi

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Oman studying 7-8pc cut in electricity subsidies

Oman's cabinet is considering changing electricity tariffs to save the government money which it spends on subsidies, a senior official said on Wednesday.   Qais al-Zakwani, executive director of the Authorit

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Bahrain to lift power subsidies in March

Higher rates on water and electricity have been approved by Bahrain’s Cabinet, which plans to lift government subsidies in March. Those affected will include Bahrainis with more than one household, all expatriates, large companies and th

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Bahrain set to finalise decision on power subsidy

Bahrain is set to make a final decision on the axing of electricity and water subsidies for expatriates following more than two months of negotiations. Energy Minister Dr Abdulhussain Mirza said that the government would present i

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Egypt aims to cut oil product subsidies

Egypt is relaxing a commitment made by the previous government to abolish subsidies on gasoline, diesel and natural gas, following a slide in crude prices and the discovery of an offshore gas field. The previous government had com

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Egypt aims to cut oil product subsidies

Egypt is relaxing a commitment made by the previous government to abolish subsidies on gasoline, diesel and natural gas, following a slide in crude prices and the discovery of an offshore gas field. The previous government had com

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