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FINANCIAL NEWS
Energy subsidies costs USD237 b annually in MENA
18 Nov 2013
(MENAFN) Badr Jafar, vice chair of the Global Agenda Council for Energy Security and managing director of Crescent Group, called in the World Economic Forum Summit on the Global Agenda to examine the obstacles in the market caused by energy subsidies in the MENA region, according to Arab News.
Jafar also highlighted the the unintended adverse consequences of energy subsidies in a report by the World Economic Forum’s Energy Security Agenda Council.
The report also showed that USD532 billion were spent on energy subsidies all over the world in 2011.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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