Saturday 30 May 2015
 
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Subsidies

No deal seen on rich-world coal export subsidies

The world's richest nations are unlikely to reach a deal to phase out subsidies for coal exports at talks in June, reducing the chances of a new global climate change agreement at a UN conference in Paris, officials and campaigners say.

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Power subsidies reduction plan ‘can halt waste’

An announcement that Bahrain's government intends to cancel power and water subsidies has been welcomed by environmentalists, who expect it to foster a culture of conservation. Bahrain spends hundreds of millions of dinars eve

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Bahraini MPs may block budget over subsidy cuts plan

Bahraini MPs are threatening to block the national budget for this year and next if the government insists on its plans to reduce subsidies. The warning was issued yesterday (May 26) in a parliament statement that was unanimously

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Bahrain government plans more subsidy cuts

Electricity and water subsidies will be the next to be axed as part of the Bahrain government's cost-cutting measures, it has emerged. The Cabinet last week announced it was scrapping meat subsidies altogether from August 1, a

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Bahrain’s private sector to face more subsidy cuts

More subsidies cuts targeting the private sector are being considered in Bahrain, including fees for government services such as land registration and sewage drainage at commercial properties. The government intends to provide suc

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Bahrain’s private sector to face more subsidy cuts

More subsidies cuts targeting the private sector are being considered in Bahrain, including fees for government services such as land registration and sewage drainage at commercial properties. The government intends to provide suc

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Bahrain Cabinet approves measures to cut costs

Bahrain’s Cabinet has approved a number of immediate measures to cut expenditure, boost revenues, redirect subsidies, optimise the cost of public services and merge government agencies. The austerity measures are expected to

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Bahrain to borrow $23bn over the next 6 years

Bahrain plans to borrow more than BD9 billion ($23.7 billion) over the next six years. This was revealed yesterday (May 13) by Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa, who described the projection as ‘tentative

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Bahrain plans $3.7bn subsidies for 2015-16

Bahrain’s government is planning to spend BD1.4 billion ($3.7 billion) on subsidies this year and next, it has emerged. The figure is included in official documents detailing the national draft budget for 2015 and 2016, whic

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US Congress urged to address alleged Gulf airline subsidies

More than 250 members of Congress have signed a letter urging the US departments of state and transportation to seek consultations with Qatar and the UAE over subsidies the states have allegedly given Gulf airlines. The letter, se

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