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Tag Archives: subsidies

Bahrain govt cuts petrol subsidies – Oman sets new gasoline, diesel prices

DUBAI, Jan 11, (Agencies): Bahrain on Monday announced a hike of more than 50 percent in petrol prices following its cut in subsidies for energy products as oil producing countries struggle with nosediving crude prices. The government said the price of regular petrol will increase Tuesday from 80 fils (20 …

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Decision to raise prices of fuel pushed back six months

KUWAIT CITY, Jan 7: The government has decided to suspend for six months its decision to raise the prices of fuel until report of the international consultancy firm Ernst & Young is finalized, as regards the implementation of comprehensive economic reform. In a press statement, reliable oil sources said that …

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Study on rationalization of ‘subsidies’ being reviewed

KUWAIT CITY, Jan 6: The study conducted by Ernst & Young on the rationalization of subsidies is being reviewed amidst public and parliamentary objections to the idea of increasing the price of fuel and fees for various services, reports Al-Anba daily quoting sources. Sources said those against the proposed price …

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‘Address Kuwait’s financial problems without touching pockets of citizens’

KUWAIT CITY, Jan 3: MP Fares Al-Otaibi has announced via Twitter his intention to submit an interpellation request against Deputy Premier, Minister of Finance and acting Minister of Oil Anas Saleh over the government’s intention to lift subsidies on some basic goods and services. Earlier, Al-Otaibi criticized Al-Saleh while he …

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Subsidies for next 3 years to cost KD 16 bln – Fuel price hike prescribed remedy for budget deficit

KUWAIT CITY, Dec 30, (KUNA): Undersecretary of Kuwait’s Finance Ministry Khalifa Hamada said Wednesday that the expected financial subsidy by the State for citizens is projected at KD 16 billion during the next three, in case the subsidy system remained unchanged. Khalifa added in an interview with Al-Qabas Arabic-language daily …

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DARK ECONOMIC SITUATION AWAITS INACTION – Time up to carry out economic reforms: World Bank to Kuwait

KUWAIT CITY, Dec 28: The issue of streamlining expenditure and cutting down subsidies has resurfaced after the recent report of government’s financial consultant, Earnest & Young, and the visit of President of the Executive Board of World Bank Dr Merza Hassan who met with the Parliament Speaker Marzouq Al- Ghanim. …

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‘Electronic Media Law aims to regulate work in the field, not to create chaos’ – MPs voice objection to ‘subsidies cut’

KUWAIT CITY, Dec 28: Education and Guidance Affairs Committee Chairman in the National Assembly MP Ouda Al- Ruweie said the Electronic Media Law aims to regulate work in the field rather than creating chaos as it is happening now in light of the large number of websites. He argued this …

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INTENTION TO RAISE PRICE OF GASOLINE SHOCKING: AL TURAIJI – MPs hit govt’s plan to lift subsidies

KUWAIT CITY, Dec 23: Several lawmakers have criticized the government’s plan to lift subsidies on several key commodities and services as part of its austerity measures, while stressing the need to find alternative sources of income rather than implementing this plan which will negatively affect the living conditions of citizens. …

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Some MPs express objection to govt’s plan to remove fuel subsidy

KUWAIT CITY, Dec 15: Some lawmakers have expressed objection to the government plan to remove fuel subsidy by early next year, as they consider the decision a sign of government failure in resolving problems the citizens face, especially low income earners, reports Al-Anba daily. MP Abdul-Rahman Al-Jeran wondered about the …

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Subsidy cuts on petrol to hurt citizens, expats – Smart ID holders to benefit

KUWAIT CITY, Dec 13: Subsequent to announcement by the Ministry of Finance few days ago, which confirmed that government will first lift subsidy from petrol and gradually include other commodities, government sources have said the system of preserving subsidy on petrol will be applied through civil ID to guarantee the …

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