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Subsidies distorting economy, says Saudi ministerSaudi Arabian government subsidies, particularly for fuel, are "increasingly distorting" the economy and the government is trying to address the issue, Economy and Planning Minister Moha More… |
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Subsidies distorting economy, says Saudi ministerSaudi Arabian government subsidies, particularly for fuel, are "increasingly distorting" the economy and the government is trying to address the issue, Economy and Planning Minister Moha More… |
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Egypt sees IMF loan agreement in two weeksEgypt's planning minister said on Thursday the government expects to reach a final agreement with the International Monetary Fund (IMF) over a $4.8 billion loan within two weeks, the state news agency Mena reported. More… |
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Egypt raises cooking gas price ahead of IMFEgypt sharply raised the price of cooking gas on Monday, trimming the energy subsidies that are crippling its budget but risking further unrest among a population impoverished by economic crisis. The supply ministry said cooking g More… |
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Egypt plans to ration subsidised breadEgypt plans to start rationing subsidised bread, a minister said on Tuesday, restricting supplies of cheap loaves upon which many Egyptians depend as the cash-strapped state tries to curb spending. More… |
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Egypt to start rationing fuel in JulyEgypt will implement its delayed plans to ration subsidised fuel through a system of smart cards at the beginning of July, the country's minister of petroleum and mineral resources said on Monday. More… |
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Egypt to delay fuel subsidy rationingEgypt's government will delay by up to three months a rationing of subsidised fuel initially set for April as part of austerity measures to secure a $4.8 billion loan from the IMF, its oil min More… |
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Bahrain for overhaul of subsidy systemBahrain Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa has called on MPs to support attempts to overhaul the subsidy system and outlined plans to impose fees on government services. The government is pushing for an end to b More… |
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Oman to raise gas prices for industrial usersOman will double natural gas prices for some industrial consumers by 2015, with a rise of 33 percent for 2013 alone, Oman's minister for financial affairs told Reuters on Monday in a rare Middle Eastern move to slash fuel s More… |
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Morocco in subsidy reforms pushMorocco is prepared to start reforming its expensive system of subsidies for food and energy in June if a political decision to do so is taken, the minister in charge of the issue said. State subsidies on food and energy shot up t More… |
