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A power station of the Cairo Electricity Distribution Company. (Reuters)
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Customers look on as a vender displays fresh produce in
Khartoum, Sudan. Photo: Reuters
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...Caption:
Minister of Finance Mohammed Al-Jadaan attends a joint press conference. — SPA
Saudi Arabia: Gradual Modification of Energy Prices, No Income Taxes
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...Caption:
AFP
Opinion: Finally, Economic Reform in Saudi Arabia
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...Caption:
An Egyptian policeman stands in the middle of al-Haram street in Cairo on August 14, 2014, during clashes with Muslim Brotherhood supporters. (AFP Photo/Mohamed El-Shahed)