Oil company approved the sale of 30% of the subsidiary’s capital stock.
Browsing: Economy
KIPIC, a subsidiary of Kuwait Petroleum Corporation, will implement technologies and processes to increase Al-Zour’s output capacity.
Purchases of chemical products from other countries came out to USD 20.4 billion in the first half of the year, up 6% year-on-year.
Federal revenue reached almost USD 32 billion in the month, up 4.7% from a year ago, when the truckers’ strike impaired collection.
After sliding for 20 straight weeks, the 2019 economic growth projection from respondents of a Brazilian Central Bank poll edged up to 0.82%, up from 0.81% as of last week.
After dropping to USD 11.5 billion late last year, foreign holdings in Egyptian treasuries increased again.
Gross Domestic Product (GDP) in the country is expected to grow 1.9% in 2019 from 2.2%, and then strengthen to 3% in 2020.
The Industrialist Confidence Index climbed 0.5 percentage point in July, to 57.4 points, however perception of the current economic scenario remains negative.
Brazil’s Foreign Trade Association has toned down its predictions on imports and foreign trade. Estimates regarding exports and the trade surplus moved up.
Government decision allows that businesses operate all day, which is expected to boost trade activities and create jobs.
The economic growth forecast from financial institutions dropped from 0.82% last week to 0.81% in this one.
The Arab country’s Gross Domestic Product (GDP) widened year-on-year in Q1. The oil industry accounts for over half of the economy.
Central Bank of Brazil’s Economic Activity Index shows an increase in the Brazilian economy in May, after four months straight in a downward curve.
The 2019 economic growth forecast from Brazil’s Ministry of Economy narrowed from 1.6% to 0.8%.
