As new refinery started operating at full capacity, the Arab country announced it reached a record 1.8 million barrels per day output.
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The Arab country’s government has decided to raise the price of subsidized bread for the first time in 30 years. Some 71 million benefitted from bread subsidies, but the burden was unsustainable for state coffers.
An International Monetary Fund staff team has released an end-of-mission statement on the country’s economy saying investment in green growth opportunities could boost Brazil’s economic potential.
Brazilian industry group CNI worked together with industry associations to identify 85 restrictions from other countries that hinder Brazilian exports.
Steel-producing companies announced they aim to make these investments by 2028. This comes after a series of measures in favor of the Brazilian steel industry.
Saudia announced the largest aircraft deal in Saudi history on Monday (20). Arab country has invested heavily in aviation.
IMF report says the foreign demand for real estate, international ties and the Arab country’s safe haven status drive rapid growth in house prices and an increase in rents.
After a visit to the country and discussions with Kuwaiti authorities, the International Monetary Fund says the economy is projected to contract by 1.4% in 2024.
Processes that are now conducted via Siscomex LI/DI system will be carried out via the Foreign Trade Single Window starting October. Migration will be gradual, and the old tool will only be fully deactivated in late 2025.
Brazilian manufacturer celebrated the delivery of the 1,800th E-Jet production aircraft. The jet was received by lessor Azorra and will be operated by the Royal Jordanian Airlines.
Humanitarian situation in the Arab country remains difficult with over half of the population facing food insecurity, and a contracted economic activity caused by the halt in oil exports.
Rating agency Moody’s maintained the Ba2 credit rate but revised the outlook to positive, meaning it could be raised in the future.
Abicalçados projects a decline in Brazilian footwear exports this year. China has returned to the market with full strength since the pandemic and increased its sales to Arab, Latin American and African countries.
Reported investments to the Tunisian Investment Authority were up in the first quarter of 2024, compared with the same period in 2023.
