Monday 29 August 2016
 
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subsidy

Egypt plans to lift fuel subsidies in three years

Egypt plans to lift fuel subsidies within three years and is aiming to increase fuel prices to 65 per cent of their actual cost during the 2016/17 fiscal year, two government sources told Reuters on Tuesday. Egypt, which is strugg

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Egypt plans to lift fuel subsidies in three years

Egypt plans to lift fuel subsidies within three years and is aiming to increase fuel prices to 65 per cent of their actual cost during the 2016/17 fiscal year, two government sources told Reuters on Tuesday. Egypt, which is strugg

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In Egypt, IMF deal brings austerity few can afford

A few years ago Imad would not have imagined himself queuing in the Cairo sun for a weekly ration of subsidised baby milk. But rising prices mean his civil servant's salary barely lasts the month and the government is tightening its belt fur

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Flour subsidy cut reports in Bahrain dismissed

Bahrain Flour Mills Company chief executive Mohammed Abdulwahab Nass has dismissed media reports that flour subsidy is to be lifted. “We haven’t received any directives from Industry, Commerce  and Tourism Ministry.  We a

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Enviromena sees 10-fold jump in solar deals

Enviromena Power Systems, builder of solar power plants, sees contracts rising tenfold in 2016 as countries from Oman to Morocco push ahead with renewable energy projects, its chief executive said on Thursday. Abu Dhabi-based Envi

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Enviromena sees 10-fold jump in solar deals

Enviromena Power Systems, builder of solar power plants, sees contracts rising tenfold in 2016 as countries from Oman to Morocco push ahead with renewable energy projects, its chief executive said on Thursday. Abu Dhabi-based Envi

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Saudi economic shake-up shows it is planning for cheap oil

Saudi Arabia's planned cuts in spending and energy subsidies signal that the world's largest crude exporter is bracing for a prolonged period of low oil prices.   The Opec heavyweight shows no signs of wa

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Qatar Airways CEO voices doubt about proposed EU air traffic accords

The head of Qatar Airways on Wednesday cast doubt on proposed European Union air traffic agreements that might limit Gulf carriers from flying to European destinations because of what some see as unfair subsidies. Qatar Airways ch

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United Airlines cancels Dubai service

United Airlines has announced it is discontinuing its Washington Dulles to Dubai route, effective January 23, 2016. The decision comes following the US government's General Services Administration (GSA) announcement that all federal

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Saudi considering subsidy cuts; VAT

Saudi Arabia may reduce energy and water subsidies for wealthy citizens, impose a value added tax (VAT) and taxes on unhealthy goods like cigarettes and sugary drinks, Deputy Crown Prince Mohammed bin Salman was quoted as saying on Wednesday.

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