This year’s GDP projections are based on the World Economic Outlook review, which also estimated 1.7% growth for Brazil.
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The Arab country is projected to grow 1.3% in 2023 and 1.4% this year, ed by favorable oil prices and reforms. Agriculture, construction, and services are driving the Omani economy.
Deep Seed Solutions, a company specializing in oil field analysis, has potential clients in Saudi Arabia and the United Arab Emirates.
In a meeting with civil society , Lula said that the country will enter the oil cartel OPEC+, and that ending some fossil fuels is a desire but a struggle, too.
The IMF mission anticipates normalization of growth one year after the strong performance resulting from the World Cup and estimates that the country’s economy could grow by 5%.
Lyba’s ambassador to Brasília, Osama Sawan, visited the headquarters of the Arab-Brazilian Chamber together with Libyan Iron & Steel Company chairman Mohamed Abdulmalek.
Oil prices spiked Monday (9) as global equity markets fear an escalating conflict in Israel and the Gaza Strip.
The ADIPEC Exhibition & Conference ended this Thursday (5). ApexBrasil took 13 Brazilian companies to showcase their products and services and meet potential customers from other countries.
The organization recommended Wednesday (4) that the cartel keep its current output reduction strategy to prop up prices.
The secretary-general of the Organization of Arab Petroleum Exporting Countries, Jamal Al-Loughani, spoke in China about the region’s expectation of boosting oil supplies to the world.
The Saudi Ministry of Energy reported the country would extend a voluntary oil production cut of 1 million barrels per day until the end of 2023. The measure taken by the world’s largest exporter of crude oil leads to higher prices.
The Saudi oil company had a significant drop in profit in the second quarter of this year due to lower oil prices. Still, gains in the period sured USD 30 billion.
About 90% of Iraq’s budget revenue comes from the oil sector. Experts recommend the country to diversify its economy to combat global warming and not be subject to oil decline.
Executives from the Kuwait Foreign Petroleum Exploration Company met this week in Brazil with industry giants such as Petrobras, Chevron, and Shell.