An IMF report urges Gulf Cooperation Council member countries to tailor their fiscal policies to match the commodity’s prices, which are expected to decline in the next two decades.
Browsing: Economy
Brazil’s BNDES will let go of its stake in the oil company as part of a divestments program designed to reallocate resources to more socially impactful projects.
Dubai-based global port terminal operator handled 71 million TEU last year.
Brazilian market consumed 32.8 billion liters of ethanol last year, mostly of the hydrated kind, which is used pure as fuel.
Last month, sales in the Brazilian market were down both year on year and month on month, Fenabrave reports.
Announcement was made during the visit of Mauritanian president to the Gulf country. The money will fund investment and development projects, as well as a soft loan.
Oil firm has started the teaser phase for the sale of its entire stake in the offshore deep-water Campos Basin.
Brazil produced 1.2 billion barrels of oil equivalent in 2019. Rio de Janeiro was the state that accounted for the largest share.
In November, the amount of newly established companies climbed 25.5% year on year as per a survey from Serasa Experian.
During his stay, Milad Mosbah Elbriki had a series of meetings with the support of the Arab Brazilian Chamber. Industries of interest range from construction to coffee.
The Arab market moved from the fifth largest importer of goods from Brazil in 2018 to the third in 2019, only behind China and the US.
Income from pre-salt and non-use of some funds caused National Treasury, Social Security, and Central Bank to reach a lower joint deficit than in 2018.
Administrative Council for Economic Defense gave nod to Boeing’s purchase of 80% of Embraer’s commercial jet division and the creation of the joint venture between both companies.
Brazilian equipment industry saw an increase in 2019 revenue, as per figures made public by Abimaq.
