Bahrain food subsidies to cost $ 180 million
Bahrain is set to spend $180 million in 2013 on basic food subsidies
[In Bahrain] Meat, poultry and flour will receive BD67 million in government subsidies this year, up from BD56m in 2011.
The government has also earmarked BD67m to continue subsidising these basic staples in 2014.
Industry and Commerce Minister Dr Hassan Fakhro submitted a memo updating the weekly Cabinet session on soaring government subsidies.
The ministry and Municipalities and Urban Planning Affairs was also instructed to study the possibility of supporting local livestock farmers and submit a report. The aim is to meet consumers' needs in local meat and poultry at subsidised prices.
- Al Tayer bucks the US department store trend with Bloomingdale's Kuwait opening
- Gulf Islamic banks set to outperform conventional banks for second year: Moody's
- Jordan secures EU finance for socioeconomic and environmental programs
- Same-day service deliveries in GCC an untapped market: Wing CEO
- Will terror attacks damper Arabs' appetite for European holidays?