Thursday 5 March 2015
 
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subsidy

Subsidy cuts in India's budget ‘may disappoint investors’

India may slash its food and fuel subsidy bill by about $8 billion in next week's budget, two sources said, but despite the impressive headline, the cut is not as radical as free market champions had hoped for in Prime Minister Narendra Modi

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Emirates rejects Delta apology

Emirates airline has rejected the apology issued by Delta Air Lines in response to comments made by its chief executive Richard Anderson linking Gulf carriers and the 9/11 attacks. In a statement carried by Wam news agency, a spok

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Delta chief crossed the line says Emirates CEO

The row over airline subsidies and open skies escalated today with Emirates airline president and CEO Tim Clark criticising Delta Air Lines chief executive Richard Anderson recent comments saying the latter overstepped the line when he linked th

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Saudi cbank chief calls for energy subsidy reform

Saudi Arabia's central bank governor called for reforms to the country's lavish system of energy and water subsidies, which drain billions of dollars from the state budget and encourage waste by keeping down prices for consumers.

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Saudi cbank chief calls for energy subsidy reform

Saudi Arabia's central bank governor called for reforms to the country's lavish system of energy and water subsidies, which drain billions of dollars from the state budget and encourage waste by keeping down prices for consumers.

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Saudi cbank chief calls for energy subsidy reform

Saudi Arabia's central bank governor called for reforms to the country's lavish system of energy and water subsidies, which drain billions of dollars from the state budget and encourage waste by keeping down prices for consumers.

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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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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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