Browsing: Economy

Survey released this Friday (15th) by Institute of International Finance shows the country retained the world’s highest per capita income in 2012 and distanced itself even further from number two.

The Economic Activity Index of the Central Bank had expansion of 1.29% in January as against December. This is the greatest percentage since 2004, in the same comparison.

The Fund’s director Masood Ahmed will go to Cairo next weekend to discuss the economic program devised by the local authorities. Egyptians are fearful that austerity measures may increase instability.

The company attributes the result to appreciation of the dollar as against the Brazilian real and to tax cuts promoted by the government of Brazil. The forecast is to sell more to the Arabs.

Such is the volume of reserves contained in one of the pre-salt layer oilfields in the Santos Basin, according to the secretary for the sector at Brazil’s Ministry of Mines and Energy.

The Opec, which has seven Arab countries among its members, believes consumption should average at 89.67 million barrels per day in 2013, originating mostly from China and the Middle East.