The IMF’s April 2025 Regional Economic Outlook for Sub-Saharan Africa presents a clear warning: regional growth is slowing, debt pressures are mounting, and donor assistance is declining. Yet the report outlines critical opportunities particularly in domestic revenue mobilization, structural reform, and private sector activation that can shape a more resilient …
Dominique Strauss-Kahn NO ONE FEELS THE PAIN OF SOARING COMMODITY prices more keenly than the poor, who spend half or more of their income on food. With no relief from high food and fuel prices in sight, feeding the hungry today is clearly the first priority. Many low and middle-income …
The City District Government Lahore (CDGL) and the LPG Distributors Association (LPGDA) on Friday sorted out the LPG price issue and fixed the retail rate at Rs 63 per kilogramme and Rs 743 per 11.8-kilogramme cylinder. District Co-ordination Officer Sajjad Bhutta taking action on rickshaw union's application had convened a …
Rising petroleum prices would affect Pakistan's agriculture sector as farmers depend on fuel to operate their tube-wells to get irrigation water the prime requirement for the growth of crops. 'Due to inadequate canal system, farmers are dependent on electric and diesel run tube-wells for irrigation but price escalation of oil …
Terry Macalister Last month, OPEC warned western countries that their efforts to develop bio-fuels to combat climate change risked driving the price of oil through the roof. The global bio-fuels sector has launched a ferocious attack on the Organization of the Petroleum Exporting Countries (OPEC) oil cartel by accusing it …
Oil prices plunged below $130 a barrel yesterday, extending a sharp three-day decline and fuelling a second day of big gains in stocks that lifted Wall Street out of bear market territory. The continued fall in oil, which last week reached a record high of $147.27, combined with the rally …
Hyderabad July 17: Oil marketing companies on Thursday said power cuts imposed by the state government were responsible for the acute shortage of diesel in several parts of Andhra Pradesh including Hyderabad. Construction companies, commercial complexes and various other establishments which use generators are keeping heavy stocks of diesel fearing …
Rakteem Katakey / New Delhi July 18, 2008, 0:24 IST The top five decision makers in the oil ministry collectively have around 20 months of experience in the sector even as India, the third largest consumer of oil in Asia, struggles to keep pace with oil prices, which have doubled …
ARUN DUGGAL YOU should never make predictions, especially about the future', advised Samuel Goldwyn. Forecasting future price of oil is even more hazardous. Yet, in this article we gaze into the crystal ball to guess where the price of oil is headed. Last month Mr Alexei Miller, CEO of Russia's …
Has the wheel turned full circle? India is now a car export hub for European & Latin American markets as crude makes world think small HIGH fuel costs and general recessionary trends are forcing car makers overseas to move away from big cars to much smaller makes, opening a huge …
the Union Ministry of Finance imposed an additional duty of Rs 15,000 to Rs 20,000 per vehicle on big cars and utility vehicles on June 13. The decision comes as a knee-jerk reaction to the skyrocketing international crude prices. While welcoming the move as a step forward, experts said staving …
Another disputed dam: After Baglihar, Kishanganga dam has embroiled India and Pakistan in a water dispute. Union minister of state for power Jairam Ramesh recently asked the National Hydroelectric Power Corporation (NHPC) to expedite work on the 330-mw Kishanganga power project in Jammu and Kashmir, citing that Pakistan is also …
addiction only leads to more demand. A classical case is the record rise in the crude oil prices in the last one year. At us $140, it even pinches the pockets of developed countries like the us. The bad news does not end here. As know-alls believe, oil may also …
Opec president Chakib Khelil warned on Sunday that oil prices will continue to rise because of the falling dollar, in an interview in the Algeria-News. "The price of oil will rise again in the coming weeks. We have to follow the evolution of the dollar, because a 1% fall in …
Rising oil prices are creating pain for airport developers too. Faced with a slowdown in the domestic aviation industry, both the Airports Authority of India and private players are now fearing lower revenues and seeking ways to cut costs, after investing huge amounts on infrastructure improvements. Unlike airlines that are …
The Manmohan-Bush summit in the sidelines of the G8 summit in Hokkaido is expected to work out a tentative plan of action for the next two stages, of the nuclear deal
Fuel prices have been on the rise since February 1999, but the increase has been most prevalent since May 2003. An industry expert analyzes the reasoning behind the hike.
Fuel prices have been on the rise since February 1999, but the increase has been most prevalent since May 2003. A casual observer scanning crude oil's spectacular breakout more than US $100/bbl this past spring might be excused for thinking the most important news stories for airlines, trucking firms, railroads …
For the first time since 1973, the world is being hit by a combination of record oil and food prices. Such record oil and food prices are a destabilizing element for the global economy because of their potentially severe growth, inflation and distributional effects. In terms of their impact on …
Sustainability is a buzzword among domestic and international policymakers as well as UN representatives. As such, climate change and rising fuel prices have some in the aviation community nervour, but experts offer analysis and viable solutions.
