The funds will be invested in public services, energy, sanitation, social security, education and administrative reforms.
Browsing: Economy
The first round of tenders under the shared oil production regime will take place in October. It was previously scheduled for November.
An International Monetary Fund assessment shows that the country’s Gross Domestic Product and per capita income should be up this year due to petroleum exploration, but advises economic diversification.
The value was US$ 2.1 billion in April, the greatest result for the period since 1969. The Central Bank stated that the growth of reserves is the result of greater income.
HR specialist Eline Kullock should speak about youths who want fast growth in their careers and who do not form a strong attachment to the company in which they work. The event should take place on June 4th, at 7:00 pm.
The Brazilian president Dilma Rousseff is listed immediately below Germany’s foreign minister Angela Merkel on the ranking of American magazine Forbes. In the previous survey she had ranked third.
Non-oil industries will grow by 7.6% this year and the country’s GDP should be up 4.4%, while oil output is expected to decline. The information was released by the International Monetary Fund.
The country posted US$ 3.4 billion in tourism earnings in quarter one this year, up 16.2% from quarter one last year.
In a report disclosed on Tuesday (21), the International Monetary Fund states that countries that export oil must reduce their dependence on the commodity. The importers, in turn, need profound economic reform.
For the first time this month, imports exceeded exports, according to weekly results released this Monday (20th) by the Brazilian Ministry of Development.
After five weeks stable, financial institutions have revised down their estimates for the growth of Brazil’s Gross Domestic Product in 2013, according to a Central Bank survey.
The growth of the economy of the Arab country was boosted by oil, expansion in the non-oil sector and by greater government spending.
The fluid catalytic cracking refinery should be built in the Emirates and should start operating in 2015. The process speeds up fuel production from heavy oil.
In 2030, developing nations should concentrate US$ 158 trillion, 50% of the global capital stock. Latin American and Asian countries will have the lions share. The information was disclosed by the World Bank.
