Economics

Oil prices approaches $ 70 a barrel

Oil prices have approached $ 70 a barrel in futures trading today (Wednesday), following tensions between the United States and Iran. The prices were as follows: Oman oil $ (64,02), Marban oil $( 65,55), Arab Light oil $ (68,10), heavy Arab oil $ (62,06), and Brent oil $ (65,26). Source: SUNA

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Economist calls for the use of real estate funds to support production

The Economist, Prof. al-Kindiy Yusuf, called on the government to finance capital goods by employing the proportion of financing real estate activities and import cars, as well as increasing private sector funding to support production in order to support the country’s exports to foreign markets. al-Kindiy called for a study to introduce other goods to the import system at no ...

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A decision to prevent the imposition of local fees

The undersecretary of the Federal Court of Government, Siddiq Jumaa, ordered that no state or local fees be imposed without consulting the Economic Committee of the Transitional Military Council. He stressed the importance of people’s pension by focusing on setting up reduced sales centers in the capital and the states, providing and supporting commodities, with the governor full supervision, as ...

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A Gulf state deposit $ 3 billion in the Central Bank of Sudan

Informed sources announced the UAE’s intention to deposit $ 3 billion in the Central Bank of Sudan’s treasury in the coming days. According to (Almeghar) newspaper, a source said that the UAE deposit comes within the framework of support for fiscal policy, and to achieve financial and monetary stability in Sudan, explaining it is part of the package of assistance ...

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Economist calls for abolition of levies on the productive sectors

The economist, Prof. Kamal Issa, called for the immediate abolition of levies and fees imposed on the productive sectors, and directing the state resources to support the sectors to achieve the growth rates required in a record period. Kamal stressed the need to make decisive economic decisions to restructure the economy and liberalize the market fully, including the labor market, ...

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Tariff increases exacerbate high prices: Industrial chambers

The Federation of Industrial Chambers considered that the current political and economic situation in the country is not appropriate to apply the new increases announced by the Customs Authority for (57) commodities. D. Abdul Rahman Abbas, the Chairman of the Chamber of Food Industries Federation of Chambers of Industry, according to (Alsudani) newspaper, said that the high cost of living, ...

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