Tuesday 28 June 2016
 
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subsidy

Flour subsidy cut reports in Bahrain dismissed

Bahrain Flour Mills Company chief executive Mohammed Abdulwahab Nass has dismissed media reports that flour subsidy is to be lifted. “We haven’t received any directives from Industry, Commerce  and Tourism Ministry.  We a

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Enviromena sees 10-fold jump in solar deals

Enviromena Power Systems, builder of solar power plants, sees contracts rising tenfold in 2016 as countries from Oman to Morocco push ahead with renewable energy projects, its chief executive said on Thursday. Abu Dhabi-based Envi

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Enviromena sees 10-fold jump in solar deals

Enviromena Power Systems, builder of solar power plants, sees contracts rising tenfold in 2016 as countries from Oman to Morocco push ahead with renewable energy projects, its chief executive said on Thursday. Abu Dhabi-based Envi

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Saudi economic shake-up shows it is planning for cheap oil

Saudi Arabia's planned cuts in spending and energy subsidies signal that the world's largest crude exporter is bracing for a prolonged period of low oil prices.   The Opec heavyweight shows no signs of wa

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Qatar Airways CEO voices doubt about proposed EU air traffic accords

The head of Qatar Airways on Wednesday cast doubt on proposed European Union air traffic agreements that might limit Gulf carriers from flying to European destinations because of what some see as unfair subsidies. Qatar Airways ch

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United Airlines cancels Dubai service

United Airlines has announced it is discontinuing its Washington Dulles to Dubai route, effective January 23, 2016. The decision comes following the US government's General Services Administration (GSA) announcement that all federal

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Saudi considering subsidy cuts; VAT

Saudi Arabia may reduce energy and water subsidies for wealthy citizens, impose a value added tax (VAT) and taxes on unhealthy goods like cigarettes and sugary drinks, Deputy Crown Prince Mohammed bin Salman was quoted as saying on Wednesday.

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Expat subsidy cuts agreement in Bahrain 'imminent'

Negotiations are underway between Bahrain’s MPs and the government to scrap electricity and water subsidies for expatriates and big businesses. Parliament’s public utilities and environment affairs committee chairman Adel Al Asoomi

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Egypt changes wheat farmers' subsidy system

Egypt will start buying local wheat from farmers at the average global price starting next season changing the way it subsidises its wheat growers, the cabinet said in a statement on Thursday. In previous years Egypt annually fixe

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No dire need for Saudi to raise energy prices: Al-Naimi

Saudi Arabian Oil Minister Ali Al-Naimi said on Wednesday that the kingdom does not need to reduce the financial assistance it gives its citizens via low energy prices. The world's top oil exporter is studying the possibility

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