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The Institute for Energy Research officially launches today a new online transparency tool www.energysubsidies.org designed to give policymakers, government officials, researchers, journalists, and the general public greater access to data about
In 2008 Mr. Cabrero put up his 20,000 ($26,200) life savings and took on a 80,000 bank loan to buy part of the solar farm, pledging his home in nearby Tafalla as a guarantee. Now, because of cuts in renewable-energy subsidies the government is said
Jordan plans to raise as much as $2 billion in bonds backed by the US government this year as the Arab country seeks to shore up public finances amid an increasing influx of refugees from war-ravaged Syria. The kingdom is working with a syndicate of
Hundreds of soot-stained factory chimneys dot the horizon in the industrial city of Al-Saff, south of Cairo, but only a few spew black smoke. Two years after the revolution that overthrew President Hosni Mubarak, Egyptian industry is struggling as
Today 21/5, Egypt Senate bill promoting controversial judicial International Monetary Fund (IMF) urged Egypt to cut energy subsidies while allocating more budget for the field other areas to restore the country's economy.
Between the end of 2003 and mid-2008, nominal international fuel prices increased more than fourfold, with most of the increase occurring during 2007 and the first half of 2008. Prices have stayed high through the recession, due to geopolitical
Cash-strapped Egypt plans to introduce ration cards for subsidized fuel in its next fiscal year, which begins July 1, the country's oil minister said in an interview with Al Arabiya Television. The government has previously said it aims to allocate a
While declining oil prices may lower the subsidy paid per liter of subsidized fuel, in total, it [the subsidy] will be larger than the 2013 state budget assumption, amid the rise in the consumption, Deputy Energy and Mineral Resources Minister Susilo
Initially we were shockedas proponents of letting the market determine the allocation of resources, we at IER have opposed all energy subsidies for years . Of course, it turns out that the IMF is really calling for the government to subsidize energy
Traders work at the Egyptian stock exchange in Cairo January 22, 2013. Egypt is at risk of a "revolution of the hungry" two years after Hosni Mubarak was ousted in a popular uprising, as food and energy prices will soar with or without an IMF deal .