The increase of the FAO Food Price Index occurred in May. In comparison to June of last year, it went up 7%. Wheat and meats drove up the index.
Author: From the Newsroom
Such was the traffic year-to-date through May. The number is up 3.8% from the comparable period in 2016.
The country’s facility at the world fair which Dubai is set to host will be built by Arabtec Construction. The design is from Santiago Calatrava, the architect who created Rio de Janeiro’s Museum of Tomorrow.
The Africa Finance Corporation will lend USD 28 million to enable the start of production in the Halk El Menzel field, which is under concession to Tunisian company Topic.
Foreign sales from Brazil amounted to USD 3.6 billion in the first half of the year, with over 2 million tons sold. Egypt was a major buyer.
Foreign sales from Brazil to the region amounted to USD 5.6 billion in the first half of the month. Overall, the country saw a USD 36 billion trade surplus.
The airport’s terminals of the emirate welcomed 6,850,052 passengers in the fifth month of the year. The region with the sharpest growth in passenger number was South America with 60% over 2016.
The sector’s foreign sales to the Arab countries generated USD 893,000 in revenues in May, well above the USD 286,000 from April. Overall, exports increased 10.5%.
A survey from the WTO showed that 42 such policy measures were put in place by the bloc’s countries from October 2016 to May 2017. Their impact, however, is not as serious as trade facilitation actions.
An event organized by NGO Adus and Fundação Ema Klabin will happen tomorrow (1) featuring Arab, African and Colombian food, alongside typical Brazilian festa junina dishes. Ethnic items will be on sale.
The oil price slump and increasing imports have stemmed the influx of currency to the country. Foreign exchange reserves amount to USD 108 billion right now.
The Japanese group JTEKT will build its first plant in Africa and the Middle East in Tangier. The project’s first phase will require investments of EUR 15 million.
Data made public by SPTuris reveal which are the largest communities of expats in the city of São Paulo. Lebaneses are the most numerous among the Arabs.
The volume of passengers that came to the emirate in luxury cruises increased 15% in the 2016/2017 season, reported the Dubai Cruise Tourism.
