Middle-east Arab News Opinion | Asharq Al-awsat

subsidies Archives - ASHARQ AL-AWSAT English Archive
Select Page
Egypt: Major Increase in Electricity Prices

Egypt: Major Increase in Electricity Prices

Cairo- Egypt announced a major increase (18-42 percent) in electricity prices on Thursday as authorities continue to implement an IMF-backed economic reform package. Electricity Minister Mohamed Shaker announced the increase during a news conference, noting the...
Sudan to End Subsidies by 2019

Sudan to End Subsidies by 2019

Khartoum, London- Sudanese Minister of State for Finance Magdi Hassan Yasin stated that his country plans to end all subsidies on food and fuel by 2019 and forecasts the lifting of U.S. sanctions will earn its hard currency-starved economy USD4 billion per year in...
Opinion: Economics in the Age of Terror

Opinion: Economics in the Age of Terror

Approximately 50 percent of international financial assistance to the Middle East—which makes up just 5.5 percent of the global population—is spent on fuel subsidies, World Bank Vice-President for the MENA Region Inger Andersen said in a recent interview with Asharq...