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“Even if [Brent] prices fall further to $40-$50 a barrel, immediate balance of payments strains are unlikely to emerge,” the report said, with its authors adding the Kingdom would be able to finance its trade deficit from its foreign exchange reserves “for at least a decade.”. Saudi Arabia cannot afford another slump in oil prices,” he warns.
The International Institute for Sustainable Development’s Geneva-based Global Subsidies Initiative ( GSI ) has issued a five-part series of reports into how nations might remove fossil-fuel subsidies, on the eve of a meeting of G20 finance ministers in Washington this week. David Runnalls, president of IISD.
She acknowledges she would not have been able to afford to attend Regis without help from IEEE. Her first event was the 2019 PowerAfrica Conference , held in Abuja, Nigeria. “Smart Village wants to empower its members so that we can implement projects in our local community knowing what the best practices are,” she says.
In FY2024, Hero MotoCorp revamped distribution setup, network expansion, and sales promotion activities in its key African markets of Nigeria, Kenya, and Uganda. In addition to its existing portfolio, Hero launched the Xoom scooter and new Hunk 160 bike in Nepal, Bangladesh and LATAM.
These include the financing and construction of an oil refinery in the DRC to be owned jointly by both countries to meet regional demand for refined petroleum products, along with the construction of storage facilities for refined products.
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