Sunday 1 May 2016
 
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Subsidies

Qatar to let fuel prices fluctuate in subsidy reform

Qatar will allow its domestic gasoline and diesel prices to fluctuate in response to changes in global markets as it seeks to reduce waste of fuel and save money for the state budget. Currently, local fuel prices are fixed at low

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Oman to promote household generation of solar power

Oman will encourage households to generate electricity with solar panels and feed it into the national grid, Qais Al-Zakwani, executive director of the Authority for Electricity Regulation, said on Monday. The policy could put Oma

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IMF eyes simple steps to tackle climate change

Turning the tide on global warming should be tackled by big and small steps that range from cutting subsidies to riding bicycles, International Monetary Fund managing director Christine Lagarde said on Friday. "Removing fossi

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Oman studying 7-8pc cut in electricity subsidies

Oman's cabinet is considering changing electricity tariffs to save the government money which it spends on subsidies, a senior official said on Wednesday.   Qais al-Zakwani, executive director of the Authorit

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Bahrain to lift power subsidies in March

Higher rates on water and electricity have been approved by Bahrain’s Cabinet, which plans to lift government subsidies in March. Those affected will include Bahrainis with more than one household, all expatriates, large companies and th

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Bahrain set to finalise decision on power subsidy

Bahrain is set to make a final decision on the axing of electricity and water subsidies for expatriates following more than two months of negotiations. Energy Minister Dr Abdulhussain Mirza said that the government would present i

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Egypt aims to cut oil product subsidies

Egypt is relaxing a commitment made by the previous government to abolish subsidies on gasoline, diesel and natural gas, following a slide in crude prices and the discovery of an offshore gas field. The previous government had com

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Egypt aims to cut oil product subsidies

Egypt is relaxing a commitment made by the previous government to abolish subsidies on gasoline, diesel and natural gas, following a slide in crude prices and the discovery of an offshore gas field. The previous government had com

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Kuwait planning to raise corporate tax, cut subsidies

Kuwait may raise the corporate tax rate to 10 per cent for local firms and impose limits on energy subsidies, the commerce minister told a local newspaper on Tuesday, part of a broad move to introduce fiscal reforms amid pressure from low oil pr

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Bahrain mulls new tax plan for expats

New taxes for expats and the private sector could be introduced in Bahrain, in addition to subsidy cuts and other cost-cutting measures, a report said. That includes proposed new rates for traffic registrations and inspections, fe

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