The Arab country is struggling with high public debt and lackluster economic growth, made worse by repercussions from fighting in Syria. After visiting the country, an International Monetary Fund staff team recommended a surplus-inducing fiscal plan, structural reforms and financial sector enhancement.
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The amount includes projects at different stages in the six Gulf Cooperation Council countries, as per market research firm BNC Network data.
Year-to-date through June, 2 million units were sold, including automobiles, light commercial vehicles, trucks, buses, and motorcycles.
May saw 2.73 million bpd, higher than the previous record of December 2016.
The government ruled that companies in some lines of business can be owned by non-locals. Maximum ownership rate will vary from emirate to emirate.
Estimate for 2019 surplus rose from USD 50.1 billion to USD 56.7 billion. However, a decline in both exports and imports is expected.
Current head of the Brazilian diplomatic representation to Bogotá, Colombia, Julio Bitelli was nominated to the embassy in Rabat. At the Arab Brazilian Chamber, he said that diversifying exports and signing the agreement with Mercosur will be his priorities.
Brazil’s president had a meeting with Saudi Arabia heir prince Mohammed bin Salman last Saturday (29) in Japan, in the sidelines of a G20 meeting.
An index from Brazilian think tank Fundação Getulio Vargas climbed in June from May.
The conclusion of talks – which had begun in 1999 – was announced this Friday in Brussels.
Rate was at 12.4% in the three months through February and slid in March-May.
The country ran a BRL 13 billion deficit last month, up from a BRL 8 billion one in May 2018.
The agency’s new president Sergio Segovia visited the Arab Brazilian Chamber this Friday and talked to its leaders about their joint work. Segovia told ANBA that he’s developing a new strategic plan to make APEX-Brasil more efficient.
On the final day of the Arab-German Business Forum, panels addressed infrastructure and logistics in Egypt and featured Arab ambassadors.
