A conference of North African countries is addressing the impact of the commodity’s low prices on regional economies and Libya’s attempts to resume exploration.
Browsing: Economy
An Unctad study suggests that the amount corresponds to taxes collected by Israel and transferred to Palestinian treasury.
According to Brazil’s National Oil, Natural Gas and biofuels Agency, 2.98 million barrels of oil and natural gas were produced in the country in October.
According to a report released by Eclac, Brazil, Argentina and Venezuela are holding back the region’s Gross Domestic Product this year.
Such is the amount handled by commercial banks. An Ernst & Young report also shows that by 2019, Islamic assets in Qatar, Indonesia, Saudi Arabia, Malaysia, the UAE and Turkey will be US$ 1.8 trillion.
Foreign sales declined by 4.4% and revenues stood at US$ 206 million. Year-to-date, reveues were up 18.6%.
November saw a US$ 2.3 billion deficit in Brazil, and foreign sales declined by 25% from November 2013.
Government-run enterprises in Brazil have executed 71.4% of this year’s budget by the end of October, according to figures released on the Federal Official Gazette.
The training will begin on Monday (Dec. 1st) at Brasília’s Rio Branco Institute and is offered in partnership by the Federation of Muslim Associations in Brazil and the Brazilian Ministry of External Relations.
Expenditure expected in 2014 is 7.7% higher than the combined value of construction projects in 2013. By the end of the year, US$ 7.8 billion will be spent on interior decoration alone.
According to the Ministry of Finance, the country has started growing again. The Gross Domestic Product was up 0.1% in quarter three.
Brazil’s federal, state and municipal governments and government-owned companies have posted a US$ 1.4 billion surplus in October, after five straight monthly deficits.
According to Joaquim Levy, announced as the new Brazilian minister of Finance on this Thursday, the target for 2015 will be 1.2% of GDP.
The NBAD’s Ângela Martins believes the country should join the Islamic finance market, considering its large trade and investment volume with Muslim nations. The market is currently worth US$ 1.2 trillion.
