Monday 8 February 2016
 
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Subsidies

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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GCC states urged to introduce taxes

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

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Bahrain eyes more subsidy cuts, new charges

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.

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Bahrain’s move to lift subsidies ‘right’

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

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US airlines hit legal hurdle in Gulf trade dispute

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. Justice Department

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