Saturday 5 September 2015
 
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reforms

IMF urges Saudi to implement power reforms, VAT

Saudi Arabia must implement comprehensive energy price reforms and expand non-oil revenues by introducing VAT and land tax to overcome the situation caused by the declining oil price, said an IMF report. It should also control pub

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Kuwait public wage reforms will standardise pay

Kuwait’s proposed public sector wage bill, which currently awaits National Assembly approval, would restructure job classifications, standardize pay across the public sector and introduce an annual inflation adjustment, a report said.

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UAE shifts fuel prices as the Gulf watches

The United Arab Emirates has become the first Gulf state to take a major step towards taming the gas-guzzling habits of its drivers, who see cheap fuel as part of their birthright. The UAE said it would raise domestic prices for g

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UAE to raise gasoline price 24pc to 58 cents

The United Arab Emirates said it would raise domestic prices for gasoline and cut them for diesel in a politically sensitive reform designed to save the government money and encourage motorists to use fuel more efficiently. The pr

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UAE to raise gasoline price by 24pc, diesel down 29pc

The United Arab Emirates said it would raise domestic prices for gasoline and cut them for diesel in a politically sensitive reform designed to save the government money and encourage motorists to use fuel more efficiently. The pr

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UK ‘helping spur Bahrain reforms’

Bahrain has received significant reform assistance from the UK in the last three years, revealed a top diplomat. The comprehensive programme covered several fields including human rights, which outgoing British Ambassador Iain Lin

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Orascom Construction bullish on Egypt, eyes reforms

Orascom Construction is bullish about growth opportunities in Egypt but wants the government to make clear commitments to further economic reforms, Osama Bishai, the company's chief executive said in an interview. The eng

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Egypt considers cutting fuel subsidies by $2.64bn next year

Egypt is considering whether to reduce fuel subsidies by 20 billion Egyptian pounds ($2.64 billion) next fiscal year, but it needs to study the social implications before coming to a decision, the investment minister said.  

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Tunisia success ‘hinges on foreign investment’

Four years after Tunisia sparked off the Arab spring uprisings the country is seen as a rare regional success story, but its prospects hinge on it deepening reforms and attracting foreign investment. The North African country of 1

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Egypt set to pass mining, industrial land laws

Egypt will pass laws next week related to mining and the allocation of industrial land as it pursues reforms to attract foreign investors deterred by political turmoil, the investment minister said on Tuesday. But Asharf Salman ga

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