UAE starts receiving inflation allowance applications from Emiratis

UAE starts receiving inflation allowance applications from Emiratis

Written by Staff Writer

Wed 6 Jul 2022Wed 6 Jul 2022

The ministry of community development also announces rolling out of the new social welfare programme from September 2022

Latest in government subsidies

The subsidies for the electricity and water sector are about $1.95bn, according to the 2020 budget.

government subsidies

Oman to start removing utility subsidies from January 2021

Written by Bloomberg

Sun 20 Dec 2020Thu 28 Oct 2021

Subsidies for the electricity and water sector are about $1.95 billion, according to the 2020 budget

Speaking at the GCC Financial Forum in Manama, Al Rumaihi said that lower oil prices have ensured that “governments have to look at changing their revenue cost mix.”

Bahrain Economic Development Board

Lower oil prices ‘blessing in disguise’ says Bahrain EDB chief

Written by Bernd Debusmann Jr

Wed 27 Feb 2019Wed 6 Oct 2021

Bahrain Economic Development Board chief executive Khalid Al Rumaihi said that lower oil prices have ‘forced’ reforms to subsidies that should have taken place long ago

Austerity

Bahrain defers plan for new austerity measures

Written by Staff Writer

Tue 23 Jan 2018Thu 7 Oct 2021

Plans on hold until parliament agrees on a new system to compensate citizens for a higher cost of living

The moves comes as part of a larger Bahraini effort to reduce government expenditures following 2014’s collapse in oil prices.

fuel subsidies cut

Bahrain increases price of petrol following subsidies removal

Written by Staff Writer

Wed 10 Jan 2018Thu 7 Oct 2021

Price of petrol has gone up between 12% and 25% as the government seeks to cut down on spending