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Mideast facing ‘double dilemma’ over oil futureThe Middle East is facing a double dilemma over the global competitiveness for oil in the future, said experts at a panel discussion held by the International Institute for Strategic Studies (IISS) - Middle East in Bahrain. On the More… |
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Bahrain consumers face new curbs on chickenCustomers in Bahrain are facing new restrictions on buying subsidised chicken due to inconsistent supplies, a report said. Butchers at three major supermarket chains confirmed stocks were being rationed to between two to five chic More… |
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Bahrain subsidies jump 67pc to top $3.8bnGovernment-subsidies have soared by 67 per cent to top BD1.5 billion ($3.86 billion) this year in Bahrain, up from BD901 million in 2007, a report said. They cover food products, education, electricity, water, oil and gas sales an More… |
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Egypt's cabinet agrees to curb fuel subsidiesEgypt's cabinet has approved the ending of subsidies on 95-octane gasoline and said it would set quotas for the sale of other subsidised fuel from April, the planning minister said. The announcement follows a preliminary deal More… |
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As crops rot, millions go hungry in IndiaEvery day some 3,000 Indian children die from illnesses related to malnutrition, and yet countless heaps of rodent-infested wheat and rice are rotting in fields across the north of their own country. It is an extraordinary paradox created More… |
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New Obama push to end subsidiesUS President Barack Obama is calling anew on Congress to end tax subsidies for the oil and gas industry, saying America needs to develop alternative sources of energy in the face of rising petrol prices. Obama said yesterday in his weekly More… |
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Enoc says heavy subsidies not sustainableDubai-owned Emirates National Oil Company (Enoc), hit by fuel shortages earlier this year, said it could not sustain the sale of fuel at heavily subsidized prices while its costs were high on international markets. "The current scenario, w More… |
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Iran inflation rises for 12th month, to 16.3pcIranian inflation has risen every month for the past year, according to data released on Monday, but the official 16.3 per cent pace still appears to underplay the impact of the government cutting $60 billion of subsidies for food and fuel. More… |
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Morocco boosts 2011 subsidiesThe Moroccan government on Tuesday said it has decided to almost double the funds allocated to its subsidies fund to cope with an increase in global food and energy prices. The government will add 15 billion dirhams ($1.8 billion) to the 1 More… |
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Subsidies must reach 'needy Bahrain families'Subsidies on essential goods must reach needy families in Bahrain, said His Majesty King Hamad. He directed authorities to draw up a mechanism to raise the subsidy cap for low-income households. His Majesty also emphasised the need More… |
