An IMF report on the Middle East, North Africa, Afghanistan and Pakistan states that the region’s oil exporters will grow 1.7% this year, while oil importers will see a 4.3% expansion.
Browsing: News
The jobless rate was 12.4% in quarter three, down 0.6 percentage point from quarter two.
The region’s exports should increase 10% this year, according to the report ‘International Trade Outlook for Latin America and the Caribbean 2017’. For the economy, the forecast shows a growth of 1.2%.
State-owned Qatar Petroleum is part of a consortium that won the tender for the Alto de Cabo Frio Oeste area, in the Santos Basin, alongside Shell and Chinese company CNOOC.
According to the country’s minister of Economy, Sultan Bin Saeed Al Mansoori, new norms should remove requirement for foreign companies to have local partners with at least 51% of the company’s capital.
The September result decreased in comparison to the same period of last year, according to data from the Brazilian Central Bank (BC).
The forecast from financial market players regarding how much prices will go up this year has widened again. Inflation is seen ending the year at 3.08%.
Buyers from Egypt, the UAE, Jordan, Kuwait and Lebanon joined in for Brasil Auto Parts, a buyer project from the Brazilian Auto Parts Manufacturers Association and Apex-Brasil.
The second and third bidding rounds for pre-salt area production sharing agreements were held this Friday. Winning bids were placed for six out of eight blocks on offer.
The Arab Brazilian Chamber of Commerce’s Marketing vice president was graced with the Ateneu Rotário award in recognition for his work in healthcare.
Ministry of Industry, Foreign Trade and Services’ forecast points to an increase of the surplus of Brazilian trade. The surplus is believed to reach between USD 65 to USD 70 billion.
Six editors and the Brazilian Book Chamber (CBL) will be in the emirate in the next few days to negotiate the publication of works in the Arab market and take part in the Sharjah International Book Fair.
The Brazilian Central Bank said expenditure by citizens during trips to other countries came out to USD 1.716 billion in September and to USD 14.145 billion year-to-date.
The Brazilian state-run oil company will restructure its oil exploration, production and refining operations, as well as its natural gas operations, which will lead to cost-cutting.
