Trade between Arabs and Brazilians in 2021 reached USD 24.25 billion. The UAE took over as the leading destination for Brazilian products.
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The country wants to raise industry contribution to its GDP from 12.8% in 2019 to 14.5% by 2026.
According to an IMF report, about 80% of the target population had been at least partially vaccinated and over 70% fully vaccinated as of mid-September 2021.
According to a Central Bank indicator, the economy picked up in Q1 2021 from Q4 2020.
The Ministry of Economy said this Wednesday (17) that it is sticking by its 2021 GDP growth forecast. Whole-year inflation expectation was revised up on the back of food prices.
Global prospects report points out that the Arab country’s economy will grow by 1.8% in 2021.
The Iraqi administration wrote in major fiscal reforms into its 2021 budget in an attempt to mitigate the effects of the pandemic and of low oil prices on the population.
The country’s GDP was up 7.7% in the third quarter from the second. Economist Ecio de Farias Costa, a professor at UFPE, ran a study which shows how the aid package in response to Covid-19 played a part in that, particularly in industry.
After discussions with the Jordanian authorities, the IMF estimates the country’s GDP will decline by 3% in 2020, as a reflection of the pandemic, but increase by 2.5% in 2021.
In wrapping up the Economic Forum Brazil & Arab Countries, Palestine minister of Economy Khaled al-Osaily called upon enterprises to seek out opportunities in technical cooperation and to take advantage of available incentives to venture into Arab and Islamic markets.
Helping small businesses recover from the impact of the pandemic is one of the challenges facing these organizations, it was said in the discussion that wrapped up the first day of the Economic Forum Brazil & Arab Countries.
The United Arab Emirates performed the best out of all Arab countries when it came to addressing the crisis wrought by the novel coronavirus, according to the COVID Economic Recovery Index from the Horizon Research Group.
The latest Fintech Saudi annual report shows that the number of fintechs increased from 20 to 60 in a year.
Deputy prime minister Anas Al-Saleh said during an online press conference that the country will attempt to reopen its economy.
