Category: Highlights

The transition to a lower-carbon economy offers huge economic potential and the middle East and North Africa (MENA) region has the experience and resources to unlock this potential, according to Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC). Speaking at the Ministerial Dialogue on Clean Energy Transitions and Economic Resilience in the MENA region organised by the International Energy Agency (IEA), Dr. Al Jaber explained that this is one of the reasons…

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The Independent Evaluation Office (IEO) of the International Monetary Fund (IMF) stated that case studies highlight the need for more cautious assumptions on feasibility and growth payouts of structural reforms in Pakistan. KARACHI: Minister for Industries and Production Makhdoom Khusro Bakhtiar on Thursday met with the KE’s senior management at the company’s Bin Qasim Power Complex in Karachi to review the progress on its mega project Bin Qasim Power Station 3 (BQPS-III), which will add 900 MW to the K-Electric’s generation capacity and bolster the future of Karachi’s growth. According…

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The IEO has released its report “Growth and adjustment in IMF-supported programmes”, which assesses how well IMF-supported programmes have helped to sustain economic growth, while delivering adjustment needed for external viability. It focuses on the IMF financing arrangements over the period 2008-19, under both the General Resources Account (GRA) and the Poverty Reduction and Growth Trust (PRGT). While the evaluation does not assess the experience during the Covid-19 pandemic, its lessons have become even more relevant as many countries now face strong headwinds to growth as they seek IMF support…

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Gastech, the world’s foremost exhibition and conference supporting the gas, LNG, hydrogen, and energy industry, and the SPE Annual Technical Conference and Exhibition (ATCE) will take place alongside each other in Dubai from 21st-23rd September, 2021, the organisers of both events announced today. The co-location of Gastech and ATCE, at the Dubai World Trade Centre, will mark the first-time industry professionals, from across the global energy value chain, will meet in-person to reconnect with colleagues, and debate and collaborate on how best to maintain business continuity and remain competitive post…

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EDITORIAL: As inflation continues to be the single most persistently worrisome indicator for the general public third year running the economic team’s insistence, supported by the Prime Minister, that it is due entirely to the mafia (read collusive behaviour across most sectors of the economy including industrialists/wholesalers/ retailers/aarthis) and not due to its own fiscal and monetary policies is baffling. This approach implies that the government’s focus is on administrative measures rather than on modifying its own policies appropriately. The government’s budget deficits, a highly inflationary policy, for the past…

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