After completing a World Bank program, the African Development Bank Group announced an additional cancellation of the country’s financial obligations and a grant of USD 19.7 million to help improve living conditions for internally displaced persons.
Browsing: Economy
Brazil’s gross domestic product rose 0.1% in the third quarter compared to the previous three months and 1.8% year-on-year, reaching USD 602 billion.
Data from Brazil’s Ministry of Defense show that total exports in the sector reached a record this year.
Between January and October this year, purchases of the agricultural input grew by 30%. Exports to the Arab country are declining.
Sales have reached USD 41 million this year, up 67.9% compared to last year. Imports are declining.
North African country signs a declaration with a United Nations agency to drive the recovery of agribusiness industries for the 2026–2030 period.
Brazilian aircraft maker will get a BNDES loan to produce planes for export, expecting higher commercial jet deliveries this year.
The partnership was signed in April. In December, a demonstration of the system is expected to take place, with the first delivery scheduled for 2026.
After visiting the country earlier this month, an International Monetary Fund team sees prospects for economic improvement and agreed on technical assistance to strengthen Syria’s fiscal framework and monetary policy.
Brazil’s planemaker has signed memorandums of understanding with AMMROC and GAL, aviation service providers in the United Arab Emirates.
In government auctions and tenders held in the Arab country during the third quarter of this year, local companies secured USD 2.6 billion, while foreign firms accounted for USD 1.4 billion.
The Brazilian footwear industry hopes to reverse the sharp tariff on sales to the United States but is also seeking new markets to sell its products.
The projected growth represents a slowdown compared to last year, when the country expanded by 6.3%. Prospects, however, remain positive, according to the IMF.
Saudi oil company’s profit fell 2.3% in the third quarter of this year due to declining oil prices. Uncertain demand has been affecting the market.
