by Asharq Al-Awsat | Jul 7, 2017 | Business
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...
by Saif Al-Yazal Ba Baker | Feb 1, 2017 | Business
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...
by Shuja Al-Baqmi | Dec 23, 2016 | Saudi Arabia
Riyadh – Saudi Arabia has announced that there are no limits for what it’s willing to spend for the sake of defending the country. “The kingdom will not determine the spending for the sake of defending the country — we took into consideration...
by Salman Al-dossary | Jan 1, 2016 | Opinion
The Saudi Arabian budget for this year does not resemble the budgets of previous years since the first one in 1934 which amounted to $3.7 million. The surprise does not lie in the deficit which was high but at the same time lower than expected ($98 billion), and nor...
by Ali Ibrahim | Oct 15, 2014 | Opinion
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...
