An International Monetary Fund assessment shows that the country’s Gross Domestic Product and per capita income should be up this year due to petroleum exploration, but advises economic diversification.
Author: From the Newsroom
Non-oil industries will grow by 7.6% this year and the country’s GDP should be up 4.4%, while oil output is expected to decline. The information was released by the International Monetary Fund.
The country posted US$ 3.4 billion in tourism earnings in quarter one this year, up 16.2% from quarter one last year.
In a report disclosed on Tuesday (21), the International Monetary Fund states that countries that export oil must reduce their dependence on the commodity. The importers, in turn, need profound economic reform.
Eight enterprises are attending the furniture and decoration fair in Dubai. Brazilian companies’ exports to the Emirates were up 19% in quarter one.
The growth of the economy of the Arab country was boosted by oil, expansion in the non-oil sector and by greater government spending.
The fluid catalytic cracking refinery should be built in the Emirates and should start operating in 2015. The process speeds up fuel production from heavy oil.
In 2030, developing nations should concentrate US$ 158 trillion, 50% of the global capital stock. Latin American and Asian countries will have the lions share. The information was disclosed by the World Bank.
The acoustic guitarist Elfateh Hussain will be an attraction of Virada Cultural, an event due to take place at several spots in São Paulo over the weekend.
There are 271,000 unemployed persons in the Arab country. Among youths aged 20 to 24, the rate is 41.1%.
New rules issued this Friday (17th) reduce the number of documents required from workers, and allow for masters and doctoral students to obtain temporary work visas to Brazil for up to 90 days.
International Monetary Fund announced that last year, the Gulf country’s economy had its best performance since 2008, but warned that indebtedness may lead to an ‘unsustainable’ situation in a few years.
The 2013 forecast has been released by Brazil’s Ministry of Agriculture, according to which this is the country’s highest GPV ever. Items whose prices have gone up the most include tomatoes, potatoes and oranges.
Kenya’s former minister of Commerce Mukhisa Kituyi has been appointed by the United Nations secretary general Ban Ki-moon.
