24 Nov 2016
(MENAFN) Algeria’s lower house of parliament endorses a 2017 budget that involves new taxes on goods and fuel subsidy cuts as part of its efforts to offset a fall in energy profits.
Furthermore, the budget offers a 14 percent cut in spending, trailing a 9 percent reduction in this year, while oil and gas account for 94 percent of exports.
Under the new fiscal law, prices for unleaded gasoline, premium gasoline and regular gasoline will grow by 13.08 percent, 12.94pct and 14.11 percent.
The country started to apply its first fuel price increases in more than a decade, while local prices for energy products remain very low by global standards.
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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