An IMF team visited Muscat from April 3 to 16 and made a positive assessment on the economic scenario, forecasting an increase in revenues from other sectors other than oil.
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International Monetary Fund managing director Christine Lagarde also said the country needs a smart, gradual fiscal consolidation.
The USD 67.3 million disbursement will cover construciton of six wind farms in Brazil’s Piauí and Pernambuco states.
The sum concerns planned and ongoing construction of residential and commercial buildings in the emirate. The market is expected to boom in years to come.
Estimate-based indicator shows Gross Domestic Product (GDP) decreasing by 0.3% over January. In the three months through February, GDP went up.
Satellite broadband services operator from UAE will operate out of Curitiba. Tax benefits and logistics were key in choosing the state.
The announcement was made by the country’s Petroleum minister, Tarek El Molla. In Algeria, Sonatrach announced that it plans to double its output.
IMF forecasts a world growth of 3.9% in 2018 and 2019. Recovery in commodity prices will help developing countries.
Exports from Brazil reached USD 5.244 billion and imports amounted to USD 3.415 billion in the second week of April. Foreign sales of basic goods soared by 47%.
The first quarter of this year saw the Brazilian mining company’s iron ore pellet plant in the Arab country make 2.2 million tons of product.
A Fund’s staff team visited the African country last week and identified progress regarding economic growth. High inflation and low international reserves present risks to macroeconomic stability.
The country’s share of worldwide foreign sales increased in 2017, as per a WTO report.
The Executive Secretariat of the Council of Export Processing Zones is working to partner up with free zones in Arab countries and to be targeted by investors from the region.
The estimate was released in the draft budget made public by the ministries of Planning and Finance.
