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GCC fuel subsidy reforms ‘not enough'While fuel subsidy reforms in members of the GCC will help address pressure from low oil prices on public finances, these measures alone will not be enough to bring the governments' budgets back into surplus, says Moody's Investors Servi More… |
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GCC fuel subsidy reforms ‘not enough'While fuel subsidy reforms in members of the GCC will help address pressure from low oil prices on public finances, these measures alone will not be enough to bring the governments' budgets back into surplus, says Moody's Investors Servi More… |
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Fuel subsidy reform is credit positive for UAELast Wednesday, the UAE announced gasoline and diesel price deregulation starting August 1, effectively phasing out fuel subsidies. The measures are credit positive for the UAE and Abu Dhabi, a Moody’s report said. The measu More… |
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UAE studying fuel subsidies, says oil ministerThe United Arab Emirates' oil ministry is studying the country's system of fuel subsidies and a report will be submitted to the government soon, oil minister Suhail bin Mohammed al-Mazroui said on Monday. Speaking at an in More… |
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Egypt may delay fuel subsidy smart cardEgypt's President Abdel Fattah al-Sisi asked his government on Saturday to consider postponing a smart card system for subsidised fuel which was due to come into effect in two days, state media said. "The president direct More… |
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Iran may abolish fuel subsidies in bid to cut spendingIran is likely to abolish subsidised fuel allowances for motorists, an Oil Ministry adviser said on Saturday, in a move that will cut state spending but could also drive inflation and cause protests. The government is trying to cu More… |
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Kuwait moves to cut diesel, kerosene subsidiesKuwait's government is moving towards cutting some of the energy subsidies which drain billions of dollars from the state budget every year, in a politically sensitive reform which could start to curb waste and overuse of its oil resources. More… |
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Egypt to spend $10bn more on fuel subsidiesEgypt said it would spend 70 billion pounds ($9.8 billion) more than budgeted on energy subsidies in the fiscal year ending June 30, in an indication of the crippling impact of the system on state finances. Interim Prime Minster I More… |
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Egypt to spend $10bn more on fuel subsidiesEgypt said it would spend 70 billion pounds ($9.8 billion) more than budgeted on energy subsidies in the fiscal year ending June 30, in an indication of the crippling impact of the system on state finances. Interim Prime Minster I More… |
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Bahrain MP seeks fuel subsidy for Gulf AirBahrain’s government must subsidise fuel for Gulf Air's use, as part of the government’s backing for the national carrier, said a member of the parliament. The company should not be closed under any circumstances because of massive adminis More… |
