A memorandum of understanding was signed on the sidelines of the Future Mineral Forum with the Royal Commission for Jubail and Yanbu, the region where an iron ore briquettes project will be implemented.
Browsing: Economy
The Arab country’s economy is projected to sustain its 2023 growth rate this year, according to the Fund’s projections. The IMF approved a new disbursement to support Jordan’s economic development.
Results released by the vehicle manufacturers association revealed a 16% decrease in foreign sales of light commercial vehicles, buses, and trucks.
According to data from the International Air Transport Association, air travel demand in November 2023 reached 99.1% of November 2019 levels.
There was a 10.8% drop in revenue and a 16.6% decrease in volume from 2022, according to sector association data. In December, Libya imported USD 730,000.
GDP growth prospects were published on “World Economic Situation and Prospects 2024” report, which also forecasts challenges for the growth of Africa as a whole.
The negative balance in current transactions was of USD 1.55 billion, a drop from 2022.
Final installment of deal agreed in 2018 was transferred to Amman aiming to bolster Jordan’s economy.
Saudi Arabia’s Public Investment Fund deployed USD 31.6 billion across deals in various countries, including Brazil.
Projections by the International Monetary Fund also estimate a deficit for 2024 due to the slowdown in economic activity and increased public spending.
The IMF expects a GDP growth rate lower than in 2022 but still at a “strong” pace. Inflation is slowing down and international reserves are “comfortable.”
This year, shipments abroad are expected to record a 6.8% expansion over 2022, according to ABPA data through November. Iraq became Brazil’s 10th main importer this year. The UAE was the 2nd leading buyer, and Saudi Arabia the 4th.
Ports and Airports Minister Silvio Costa Filho announced the first step of the air transport program in Brazil, with an increase in the number of airports and a reduction in ticket prices.
A surge in arrivals is anticipated to hit during the last two weekends of the year. A spike is expected on December 22, welcoming an estimated 279,000 passengers.
