Lagos, Nigeria - The holy fasting month of Ramadan begins early next week in Nigeria, with the worst economic crisis in a generation leaving many in Africa's most populous Muslim country struggling to buy food. With food inflation at around 35 percent, worshipers taking part in Friday prayers at the central...

BERLIN, GERMANY -  The German government on Sunday faced a backlash after abruptly ending an electric car subsidy scheme in a blow to the already struggling automotive industry. The scheme is one of the casualties of a budget crisis caused by a shock constitutional court ruling in November that upended the...

Peaceful protests have swept Sweida province, the heartland of the country's Druze minority, since President Bashar al-Assad's government ended fuel subsidies last month. The move dealt a heavy blow to Syrians reeling from more than a decade of war and economic woes.

Dubai, UAE - The UAE government has announced a 2.5 percent payment support to its citizens’ pension contributions through the Nafis program.  The subsidy applies specifically to Emirati employees in the private sector and comes with a condition: both the company's information and the employee's data must be regularly updated...

Beirut, Lebanon - Hundreds of demonstrators took to the streets again on Monday in Syria's southern city of Sweida, local media and an activist reported, as dire living conditions stoke discontent in regime-held areas. Days of rare protests have erupted in the south after the government lifted fuel subsidies last week,...

Since the beginning of August, European-style bakeries selling baguettes in the formerly French-ruled country had been prevented from accessing their quota of subsidized flour, after President Kais Saied said there should be "one type of bread for all Tunisians".

Tunis, Tunisia - Tunisian authorities have arrested the head of the national bakery owners' union, accusing him of a "monopoly" as the country faces a weeks-long shortage of subsidized bread, local media reported Thursday. The government in August banned some 1,500 privately-owned bakeries that produce European-style breads and pastries from purchasing...

London, United Kingdom - Britain on Thursday warned against the threat of protectionism as it slammed the United States for leading a "distortive" green energy subsidy race. Finance Minister Jeremy Hunt's remarks came as his government updated its energy security plan to ramp up renewable and nuclear power. The Conservative government...

Brussels, Belgium - The European Union must urgently lower energy prices and ease regulations to stop industry fleeing the continent, European businesses said on Monday, as Brussels prepares plans to stimulate the green economy. The European Union is racing to make Europe more attractive for the companies that could be tempted...

Defying a government ban against marches, scores of Moroccan trade union activists protested on Sunday in the capital Rabat and other cities to denounce surging costs of food and fuel. Protestors from the Democratic Labour Confederation (CDT) organized rallies outside their offices in Rabat and Casablanca as well as other...

Cairo, Egypt--The IMF's new $3 billion financial support package for Egypt aims to reduce government debt to less than 80 percent of the gross domestic product in the medium term, according to a cabinet report released on Saturday.  The IMF did not require the Egyptian government to cut spending on...

The United States is open to amending lucrative green subsidies that have drawn transatlantic anger for allegedly encouraging job losses in Europe, US climate envoy John Kerry said. In a BBC interview, Kerry signaled unease over the UK government's decision to permit the opening of a coal mine despite ambitions...

Governments across the world pay an estimated $640 billion in support to the fossil fuel industry.

Syria's 800,000 richest citizens -- typically high-earners working in the private sector -- will now be exempt from government subsidies on bread and fuel.

Lebanon has gradually increased fuel prices in recent months because the cash-strapped central bank can no longer afford to fund fuel imports.

The cost of hydrocarbon fuels in Lebanon has now roughly tripled in the two months

The country's economy is witnessing deterioration as sources of income decline, unemployment rises to 18 percent and rising debt necessitates a loan from the IMF.

Fuel importers blame the crisis on a delay by the central bank in opening credit lines to fund imports

As the fuel crisis worsens in Lebanon, the country's leadership appears to be at odds over how to end the crisis that has kept the whole country on the edge for most of the summer.

Egypt has decided to withdraw subsidy from bread that will make it dearer for a people who have relied on government-subsidized bread for decades. It is not clear how much the price would go up by.

 Gasoline price rise likely to ease the shortage of fuel Lebanon is experiencing one of the worst economic crises in history Faced with an acute shortage of gasoline, Lebanon’s caretaker Prime Minister Hassan Diab approved a proposal to finance fuel imports at a rate of 3,900 Lebanese pounds to the...