subsidy

Saudi Arabia to Establish National Water and Energy Efficiency Program

RIYADH, Nov 21  – Saudi Arabia will establish a national program to optimise water and energy consumption, it announced in a cabinet statement on Monday, further moves in areas where the government is seeking to cut back huge subsidies. The new program will review policy incentives currently in place for the energy and water sectors,

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Saudi Deputy Crown Prince Says Kingdom Considering Subsidy Cuts

RIYADH, Nov 25 – Saudi Arabia may reduce energy and water subsidies for wealthy citizens, impose a value added tax (VAT) and taxes on unhealthy goods like cigarettes and sugary drinks, Deputy Crown Prince Mohammed bin Salman was quoted as saying on Wednesday. The world’s top oil exporter has previously said it was studying increases

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