A parliamentary committee in Bahrain in charge of reviewing subsidies policy is considering a comprehensive proposal to redirect subsidies to benefit citizens and small businesses. This would include reducing electricity rates and petrol costs
Calls for the already delayed subsidy cuts on meat to be further postponed have been backed by a joint parliamentary and government committee. It follows on from an earlier recommendation made by a special sub-committee formed to iron out deta
The government of the United Arab Emirates will save only a modest amount of money from reforms to its fuel price system in 2015 but the savings are likely to rise sharply in coming years, an International Monetary Fund official said on Tuesday.
Expats and businesses will no longer receive the majority of government subsidies in Bahrain, it was confirmed yesterday (July 29). However, Bahrainis will continue to enjoy subsidies on electricity and water in their homes, as well as on essent
The UAE government could save several billions of dollars a year on fuel subsidies, following the move to deregulate the prices of oil, according to a report.
Fuel subsidies are set to removed starting on August 1 and the prices o
A plan to scrap meat subsidies in Bahrain from August 1 has been postponed by a month for review.
The decision was announced yesterday (July 14) following an order from His Royal Highness Prime Minister Prince Khalifa bin Salman A
Bahrain's government is pushing ahead with plans to axe meat subsidies from August 1, despite objections from parliament and Shura Council.
Both chambers of the National Assembly have just approved the national budget for this
Countries in the region have been urged to follow Bahrain's footsteps in diversifying their economies.
UK-based economist Scott Corfe, who is the economic adviser for the Institute of Chartered Accountants in England and Wales
Bahrain’s government will present its blueprint for scrapping and redirecting subsidies to the National Assembly next week.
Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa said parliament and Shura Council members woul
Bahraini farmers will have to operate on solar energy as the government plans to scrap subsidies on water and electricity, according to experts.
The Gulf Daily News (GDN), our sister publication, earlier reported that the second p