Tuesday 26 May 2015
 
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Subsidies

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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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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