state budget

  • Egypt Plans to Increase Electricity Tariffs

    Egypt Plans to Increase Electricity Tariffs

    Tuesday, 9th August 2016
    The Egyptian Electricity and Renewable Energy Minister, Mohamed Shaker, announced that the government is to increase electricity tariffs for both residential and commercial consumption to counter balance the rise in the cost of production.
  • Riyadh Cuts Energy, Construction Contracts Spending

    Riyadh Cuts Energy, Construction Contracts Spending

    Wednesday, 16th March 2016
    Saudi Arabia has ordered its ministries to reduce spending on contracts included in the 2016 state budget by at least 5 % to outbalance Kingdom's declined revenues over global oil prices drop.
  • World Bank Reports Decline in MENA’s Economic Growth

    World Bank Reports Decline in MENA’s Economic Growth

    Sunday, 7th February 2016
    A World Bank's recently published report on the Middle East and North Africa stated that 2015 economic growth in the region came to only 2.6%, falling short of a 2.8% forecast in October, as war, terrorism, and cheap oil took their toll.