Yemen has reached agreement with the International Monetary Fund on a $560 million loan, the finance minister said on Friday, after the government cut fuel subsidies and ordered curbs on public spending.
The second poorest Arab country
Changes to the system of providing government subsidies in Bahrain are "imminent" and the issue is being studied, it was announced yesterday.
The government currently subsidises fuel, flour and meat (livestock and chicke
The cost of government subsidies has increased by 73 per cent in five years, rising from BD822 million ($2.15 billion) in 2007 to BD1.126 billion last year, Deputy Premier Shaikh Khalid bin Abdulla Al Khalifa said.
The figures are
Government subsidies in Bahrain on basic commodities, including meat, will not be removed, reassured a top official.
Minister of State for Information Affairs Sameera Rajab yesterday dismissed reports in local newspapers, citing u
The Bahrain government's subsidies on asphalt are to be scrapped.
The price will be deregulated as of January 1 for lack of economic viability, the National Oil and Gas Authority announced yesterday, said a report in the Gulf
The 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.
Customers 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
Government-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
Egypt'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
Every 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