Falling demand and rising competition for feedstock, alongside a national push to bring the price of raw materials closer to market rates, are combining to put pressure on Saudi Arabia’s petrochemicals industry.
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Banks in T&T are adjusting to new challenges this year, including lower oil prices, slower economic growth, tightening interest rates and political uncertainty in the run up to elections. But overall performance so far this year is largely positive, with the eight main banks remaining well capitalised and profitable.
Jordan’s decision in 2012 to begin a phased withdrawal of electricity subsidies was undoubtedly a good one from the point of view of the kingdom’s public finances.
A summit of the ASEAN group of countries in April, hosted in Malaysia, brought the bloc one step closer to realising plans to launch the ASEAN Economic Community (AEC) by the start of 2016.
El gobierno colombiano fijó el 19 de mayo como fecha para vender su participación mayoritaria de 57,6% en la generadora de electricidad Isagen, en una subasta que según estimaciones recaudará 5,2 trillones de pesos colombianos (USD 2,18 mil millones).
Several years of rapid hydrocarbons-fuelled growth in Ghana have put increasing pressure on its transport infrastructure, prompting a spate of expansion projects that will increase capacity for bulk and container handling, as well as specialised oilfields services.