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.
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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.
Central Bank’s index showed a month-on-month economic growth last January.
With Saudi Arabia in the group’s presidency, the world’s biggest economies said they will keep close track of the impact of the pandemic on markets.
Brazil’s economy grew year-on-year in 2019, as per the Brazilian Central Bank’s Economic Activity Index.
Representations of the Oman Chamber of Commerce and Industry and the country’s ambassador visited the Arab Brazilian Chamber. They participated in the organization’s board meeting.
Prime minister Hassan Diab confirmed the names of twenty ministers. PM bets on specialists and a balanced representation of women to meet the protesters’ aspirations.
Supported by Gulf Air’s route expansion, transportation and communication sector led growth at 6.4% year on year
The Brazilian state’s Gross Domestic Product grew month-on-month.
The Brazilian Institute of Geography and Statistics (IBGE) reported economic growth quarter-on-quarter, with agriculture leading the way.
