The announcement was made by the country’s Petroleum minister, Tarek El Molla. In Algeria, Sonatrach announced that it plans to double its output.
Browsing: Economy
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.
The sector’s exports increased 39,3% in this year’s Q1, according to the manufacturers’ association, Abraciclo.
The Abu Dhabi National Oil Company (ADNOC) is offering for competitive bidding six oil and gas production and exploration concessions.
Public officials and private sector representatives attended the Annual Investment Meeting to pitch projects and showcase the country’s potential.
An Egyptian government organization was named the best investment promotion authority in the Middle East and North Africa, during the Annual Investment Meeting in Dubai.
FDI flows have moved into industry, services and renewable energies, and away from exploration of natural resources, the ECLAC said at the Annual Investment Meeting in Dubai.
The French-inspired Maison Alexandrine will be on parade in the first-ever event of its kind in Saudi Arabia.
