GCC needs to bring in taxes and do away with subsidies by 2020 to ensure fiscal sustainability, a leading thinker has warned. Iraq Energy Institute founder and director Luay Al Khatteb said the GCC countries can no longer rely solely on oil re
Bahrain is planning more subsidy cuts and intends to impose charges for government services next year in order to boost revenues hit by slumping oil prices, the kingdom's minister for industry and commerce told Reuters on Tuesday.
Bahrain’s decision to lift subsidies is essential when tackling financial challenges caused by falling oil prices, said British Ambassador Simon Martin. He was speaking at his first official media round-table yesterday, which was held at
The US Justice Department has raised concern about demands by US airlines that the government limit flights of three Middle Eastern rivals to the United States, three sources familiar with the matter have said.
Traders in Bahrain have been warned not to exploit the subsidies situation by increasing meat prices. Anyone caught profiteering will face tough penalties, Industry, Commerce and Tourism Minister Zayed Al Zayani vowed yesterday (October 6), sa
Bahrain more than doubled the prices of beef and chicken on Thursday, removing meat subsidies in a politically sensitive move designed to save money as low oil prices slash the government's revenues.
There was a glaring absence of red meat at the Manama and Muharraq central markets yesterday (October 1), after butchers refused to pay higher prices for non-subsidised beef and mutton. Government meat subsidies were lifted yesterday and butch
Plans to scrap meat subsidies have been postponed for another month in Bahrain as MPs and the government continue to review the effect that the move will have on citizens. Originally set to be scrapped from August 1, the subsidy cuts were dela
A parliamentary committee in Bahrain in charge of reviewing subsidies policy is considering a comprehensive proposal to redirect subsidies to benefit citizens and small businesses. This would include reducing electricity rates and petrol costs
Calls for the already delayed subsidy cuts on meat to be further postponed have been backed by a joint parliamentary and government committee. It follows on from an earlier recommendation made by a special sub-committee formed to iron out deta