The Arab country generated USD 5 billion in revenues in Q1 of the 2017/2018 fiscal year, which started in July. State-owned companies generated USD 906 million, while VAT collected USD 2.8 billion.
Author: From the Newsroom
The OPEC expects demand to hike by 1.4 million barrels per day. It has revised its forecast due to an improved outlook for the global economy.
A report from UNCTAD shows nine more developing nations joined the ranks of those that depend on staples exports between 2010 and 2015.
The United States Department of Agriculture indicates that Brazil will see 107 million tons in its 2017-2018 crop season, down 6.1% from the prior harvest.
Brazil’s Coffee Exporters Council (Cecafé) said foreign sales amounted to roughly 923,500 bags from January to September, while total exports from the country dipped by 10.2%.
The world economy is expected to grow by 3.6% this year and 3.7% in the next. These projections are more optimistic than the ones from April. The forecast for Brazil moved up by 0.5 percentage point.
Production numbers slid by 0.8% in August from July as a result of weaker output in six out of 14 locations, the Brazilian Institute of Geography and Statistics (IBGE) said.
Industry association Abiec said the Arab country spent USD 73.7 million on roughly 21,200 tons worth of product from Brazil last month, placing second only to Hong Kong on the list of importing countries.
The Brazilian Ministry of Industry, Foreign Trade and Services said exports came out to USD 5.059 billion, with imports at USD 3.157 in the first week of October.
Standalone and partnership productions from Algeria, Qatar, Lebanon, Palestine and Syria are in the program. The event will continue until next Sunday (15).
The country’s banking sector had USD 723 billion worth of assets in the first half of this year, the biggest amount of any Gulf Cooperation Council country and up 1.7% from the second half of 2016.
The Arab country’s conflict and its connection with the West-Middle East dialogue will be discussed in a meeting at the Sesc’s Research and Formation Center on Wednesday (11). French diplomat Anis Nacrour will speak.
Economic sanctions in place since 1997 will end on the 12th this month. The Trump administration has confirmed his predecessor Obama’s move to end sanctions, albeit three months late.
The total amount traded from January to July in the capital of the United Arab Emirates accounted for 6.7% of non-oil sector turnover in the country.
