An Egyptian residing in Brazil for over 40 years, he was appointed to preside over the Institute of Arab Culture last week and believes a key challenge is to keep the organization’s work collectively oriented.
Author: From the Newsroom
The purchase of new aircrafts, execution of infrastructure projects and payment of bonds reduced the Arab airline’s profit to USD 364 million in the first six months of the 2016-2017 fiscal year.
Hamad Al Ameri, CEO of Caracal International, is visiting the state and talks about the opening of a manufacturing plant of high-tech weapons for public forces.
The United Nations World Tourism Organization (UNWTO) said 956 million people travelled to other countries worldwide from January to September. Demand is seen as ‘robust.’
Foreign sales from Brazil climbed in October from September, but dropped year-on-year, industry association Abraciclo reported.
The trade surplus is the result of USD 2.206 billion in exports and USD 1.886 billion in imports in the three business days of November’s first week.
Automakers in Brazil grossed USD 955 million from exports in the month, up 9.8% from the comparable year-ago period.
The first international office of the meat processing company will serve the Middle East. The company exports 20% of its output.
According to ABPA, the sector’s association, Brazilian companies exported 3.7 million tons in the first ten months of the year.
The shipping company will offer six new connections on a temporary basis during the country’s vegetable and citrus fruit export season.
The parties will share information and mutually collaborate for the development of deals, products and markets.
The Central Bank liberalized the exchange rate and the Egyptian pound is now fluctuating freely against the dollar. The goal is to end the foreign currency shortage.
Emirati Minister of Economy Sultan Al Mansouri intends to have the sector account for 20% of the gross domestic product by 2021, up from a current 16%. Abu Dhabi and Dubai already have strategies in place.
Agreement prevents taxes from being levied on investments in both the source and destination countries.
