Sales amounted to USD 11.3 billion year-to-date through November, with agricultural and mineral commodities leading the way.
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Country implements reforms but requires bold and comprehensive reforms to face fiscal deficit and other issues. A team from the International Monetary Fund visited Khartoum and recommended actions to protect the vulnerable sectors.
Oil production in the country went past the 3-million-barrel mark for the first time at 3.09 million barrels per day in November.
The Brazilian cosmetics company’s licensee in the region, Millennial Capital, announced the third outlet in the emirate.
Negative current balance stood at USD 2.1 billion in November and USD 45 billion year-to-date. But foreign direct investment made up for it.
In an article on the Saudi Gazette daily, Rubens Hannun argues that Brazil’s trade relations with the region have grown stronger in the wake of Jair Bolsonaro’s visit.
Estimate for Brazilian economic growth this year was increased from 0.9% to 1.2% after Q3 results.
The amount of newly established companies climbed 30.8% year-on-year in October.
Mariam Al-Aqeel is the first woman in the position ever in the region. She’s also chair of the Kuwait Investment Authority (KIA).
United Arab Emirates national railway network operator Etihad Rail approved a USD 1.25 billion deal tasking a joint venture formed by Chinese and local companies with construction.
Exports from Brazil to the region were up nearly 40% year-to-date through November, with sales to the biggest markets increasing.
Oil revenues and the profits of public joint-stock companies accounted for much more in the country’s budget last year, but tax revenue, including VAT helped guarantee a budget surplus of 2.2%.
The third quarter saw 964.89 million dozens of chicken eggs produced.
IMF published economic outlook report for the Arab country as part of its fourth review of an arrangement between both. The body approved more USD 22.8 million for Mauritania.
