Since it was funded in 1961, the Kuwait Fund for Arab Economic Development financially supported 986 enterprises worth USD 20 billion.
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Value apportioned in the budged to be invested is USD 5.5 billion, the lowest one since 2004.
Public accounts deficit is lower than a year ago but higher than last November.
The government of the emirate allocated a budget of USD 18.1 billion for 2020, considering expenditures to transforming Dubai into a smart city and supporting Expo 2020.
Financial institutions estimate that the Brazilian economy will end 2019 with a growth of 1.17%. Projection is slightly better than last week’s.
The Brazilian state’s Gross Domestic Product grew month-on-month.
The Brazilian mining company reached a deal to divest from its minority position in the Chinese enterprise.
The Central Bank said local financial institutions saw USD 3.7 billion worth of gross profit between them year-to-date through September.
Commerce in malls in Brazil yielded USD 42.2 billion in 2019.
Although they went up in December, indices that track confidence from trade and service sector players remain at low levels.
Sales amounted to USD 11.3 billion year-to-date through November, with agricultural and mineral commodities leading the way.
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.
