In partnership with other companies, extraction reached 726,000 oil barrels per day in May. In total, however, production was lower than in April.
Author: From the Newsroom
Over 923,000 visited the Arab country in April, up 7.4% from April 2014, according to the country’s statistics agency.
According to the sector’s association, motorcycles international sales dropped 47.8% last month over the same period of last year. In all, 3,600 unities were shipped.
The oil industry accounts for over half of the country’s budget. Falling prices led to a 28% decline in quarter one this year.
The target set is part of the expansion plans of the DIFC, the Emirate’s financial free zone, for 2024. The goal is to triple the number of companies in the area.
A meeting on the subject in Egypt will assemble delegates from three economic blocs, spanning a total of 25 countries across the continent.
The 17th Arab Investors and Businessmen Conference is set to take place on November 16th and 17th and will address subjects like entrepreneurship and innovation.
Data from exporters’ council indicates that Brazil grossed US$ 87.3 million with coffee exports to the Arab world from January to May of this year, an increase of 2.5%, but the volume shipped dropped.
In May, sales at Brazilian stores were 0.6% higher than in April and 3.4% higher than in May of last year.
The sale of an oil rig helped drive export revenues up and reduce the country’s trade deficit year-to-date.
Report from Unctad shows that foreign direct investments even quadrupled in least developed countries between 2002 and 2014.
The IMF assigns this negative performance to the oil price decline, but states that the country is capable of making a fiscal adjustment because of the great wealth accumulated with exports of the commodity.
FAO’s index, which surveys the cost of five groups of commodities, registered in May a decline of 20.7% in comparison to the same 2014 period.
Foreign sales of chicken meat from Brazil amounted to 329,200 tons in May this year. Revenues increased in Brazilian currency and declined in US dollars.
