Friday 30 January 2015
 
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subsidy

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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Kuwait cuts diesel fuel prices after political pressure

Kuwait has cut selling prices of diesel and kerosene at filling stations after political opposition to price hikes underlined the difficulty of reforming the country's welfare system, even as the loss of oil revenues makes reform more urge

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Oman considers spending cuts, tax rises as oil tumbles

An advisory body to Oman's government has suggested sweeping spending cuts and tax rises, including a levy on liquefied natural gas exports, to cope with the hit to state revenues from the plunge in oil prices.  

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Egypt spent $3bn on fuel subsidies in the first quarter

Egypt spent 22 billion Egyptian pounds($3.08 billion) on fuel subsidies in the first quarter of fiscal year 2014-2015, down 29 per cent from the same quarter a year ago, an oil ministry official said.   As part o

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Kuwait looking at reforming petrol subsidies

Kuwait's government is looking at adjusting its petrol subsidies in order to reduce waste, a senior Kuwaiti official said on Monday in a fresh sign that authorities are using this year's oil price plunge to push economic reforms.

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Abu Dhabi mulls power, water subsidies reform: IMF official

The government of the emirate of Abu Dhabi is looking at ways to reform its system of subsidies for electricity and water, a senior International Monetary Fund official told Reuters on Wednesday, in what would be a landmark move by the emirate.

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Abu Dhabi mulls power, water subsidies reform: IMF official

The government of the emirate of Abu Dhabi is looking at ways to reform its system of subsidies for electricity and water, a senior International Monetary Fund official told Reuters on Wednesday, in what would be a landmark move by the emirate.

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Oman likely to start cutting subsidies next year

Oman's government is likely to start cutting some state subsidies next year as the decline in global oil prices pressures its finances, Minister for Financial Affairs Darwish Al Balushi said.   The country

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Oman may start cutting subsidies from next year

Oman's government is likely to start cutting some state subsidies next year as the decline in global oil prices pressures its finances, Minister for Financial Affairs Darwish al-Balushi said on Saturday. The country's orig

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Oman may start cutting subsidies from next year

Oman's government is likely to start cutting some state subsidies next year as the decline in global oil prices pressures its finances, Minister for Financial Affairs Darwish al-Balushi said on Saturday. The country's orig

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