Alfanar is an industrial and construction conglomerate that operates in the power sector in several countries. Arab Chamber executives visited the company’s complex outside Riyadh.
Browsing: Economy
Two out of the four blocks offered were acquired at the largest oil industry auction ever held.
Numbers by Anfavea show that foreign sales from Brazil were down 22.6% year-on-year and 34.7% year-to-date.
On the back of Expo 2020, the Arab country could see its fastest non-oil growth since 2016. Sustaining it after the expo is a key priority, says IMF.
Monetary Policy Committee (Copom) reduced Selic from 5.5% to 5% per annum last week. Minute released this Tuesday points to a new 0.5 percentage point reduction in the next meeting.
Foreign investors purchased Brazilian government bond issued by the National Treasury at the smallest interest rates from the past seven years.
Saudi state-owned oil company IPO received approval by the financial regulatory authority and is set to run next December in what’s expected to be the biggest share sale in history.
The National Treasury said new and existing papers will be issued, and that it will repurchase US dollar-denominated bonds.
Foreign sales slid by 20.4% year-on-year to USD 18,23 billion. The trade surplus narrowed by 80%.
Industrial output increased in September from August but declined year-to-date.
The pre-budget statement made public by the minister of Finance works with an estimated 10% drop in revenue in 2020 from 2019. A wider deficit is expected.
This was the best consolidated public finances result for a September in four years.
Brazilian aircraft manufacturer delivered 17 commercial and 27 business jets in Q3 2019. Firm order backlog was USD 16.2 billion in late September.
Central Bank’ Focus Readout reported.
