Fund allowed Egypt to draw USD 2 billion, the fifth part of the USD 12 billion agreement signed in 2016. IMF acting managing director praised the reforms made by the country.
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Marcelo Della Nina convened with prince Saud Bin Naif Bin Abdulaziz, the governor of Saudi Arabia’s Eastern Province, in Dammam.
Saudi Arabia is the frontrunner, comprising half of the total project announcement in the period. Contracts value jumped 33%.
Brazil’s Federal Revenue has changed its stance on charges formerly applicable to entry of funds stemming from foreign salese, as per this Wednesday (24)’s Federal Gazette.
Oil company approved the sale of 30% of the subsidiary’s capital stock.
KIPIC, a subsidiary of Kuwait Petroleum Corporation, will implement technologies and processes to increase Al-Zour’s output capacity.
The emirate imported USD 2.1 billion worth of food and agricultural products in 2018. The sum is down marginally from 2017 numbers.
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.
An event will address doing business with the region starting 9 am. Arab Brazilian Chamber secretary-general Tamer Mansour will discuss opportunities in the Middle East and North Africa at 9:50 am.
Federal revenue reached almost USD 32 billion in the month, up 4.7% from a year ago, when the truckers’ strike impaired collection.
Industry association Abimde hosted a seminar on international markets at the Arab Brazilian Chamber offices in São Paulo. Going global is key to keeping business flowing steadily.
The new process will save the Brazilian food company USD 130,000 and 72,000 cubic meters of water a year.
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.
