Monday 20 April 2015
 
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Subsidies

Subsidies cut to hit low-income expats in Bahrain

A government plan in Bahrain to cut subsidies would mostly affect low-income expatriate workers, who would need a salary increase to cope with the extra expenses, according to experts. The Gulf Daily News (GDN), our siste

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Kuwait growth to slow as govt cuts subsidies

Kuwait’s real gross domestic product (GDP) has been projected to slow this year as the government cuts subsidies before recovering in the next two year as major development projects get underway, according to a report. QNB G

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US, Gulf airlines set to clash at aviation summit

Top executives of US and Gulf airlines will take their dispute over whether "open skies" deals have led to unfair competition to a high-profile public forum in Washington on Tuesday as each side ramps up efforts to sway US regulators.

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Subsidies cut for expats in Bahrain proposed

Costs could go up for expats and the private sector as Bahrain seeks to offset a projected shortfall in revenues, driven in large part by lower oil prices. Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa told the Gulf Da

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Egypt's energy subsidy costs down 30pc in H1 2014-15

Plummeting global oil prices mean Egypt spent 30 per cent less on energy subsidies in the first half of 2014-15 than it did in the same period of the previous fiscal year, an oil ministry source said.

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Egypt says lower oil prices to slash energy subsidies bill by 30pc

Egypt expects to slash its energy subsidies bill by 30 per cent in the 2014-15 fiscal year if global oil prices remain low, the oil ministry said, potentially lightening the burden on the cash-strapped co

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Syria to increase spending by 12pc in 2015

Syria's state spending is expected to rise 12 per cent to 1.55 trillion Syrian pounds ($9.10 billion) next year, driven by higher social support costs, state news agency Sana reported citing a draft budget presented to lawmakers on

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Malaysia to cut fuel subsidies to shore up finances

Malaysia will abolish subsidies for petrol and diesel from December 1, the government said on Friday, taking a bold step that could potentially save the government some 20 billion ringgit ($5.97 billion) annually. Malaysia joins I

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Kuwait starting to cut subsidies, says IMF

Kuwait's government has started reducing some state subsidy payments and is in an advanced stage of preparing a plan to cut subsidies for kerosene and electricity, the International Monetary Fund said. Subsidy cuts are an impo

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IMF to loan $560m to Yemen

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

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