Loans made by Brazil’s state-run BNDES amounted to USD 25 billion in H1. Consultations and approvals declined even more.
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Country received USD 2.19 billion, down 68% from a year ago. Amount was not enough to cover current account deficit of USD 2.91 billion in the month.
The 92-year-old Béji Caïd Essebsi led the country’s post-Arab Spring transition to democracy. The speaker of the Parliament has been sworn in as interim president and elections have been moved ahead to September 15.
The value of announced merger and acquisition deals in the MENA region increased to USD 115.5 billion in H1, up 221%. Highlight is Uber’s acquisition of Careem Networks.
Expenditure during international trips was up 2.44% year-on-year to USD 1.5 billion.
Brazil saw 48,400 posts created in June, as per data from CAGED.
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.
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.
