The Arabian Travel Market takes place in the emirate starting April 25. Mid-market travel will be the central topic. Overall, 26,000 visitors are expected.
Author: From the Newsroom
The GDP should pick up in 2016, after posting 2.4% growth in 2015, the lowest rate in four years. The economy is struggling with the repercussions of conflicts underway in neighboring countries.
The money will be transferred over a four-year period to assist with the restructuring of Tunisian economy.
In this year’s Q1, clients of the company received 44 aircraft. In the same period of last year, the company had delivered 32 aircraft.
The Monetary International Fund believes the country won’t achieve the primary surplus before 2020. General assessment is that global economy is slowing down.
Brazil shipped 140,000 tons abroad, a 21% increase over March 2015. Revenues climbed 7.8% to USD 518 million. Egypt and Saudi Arabia were among the leading buyers.
The Organization of Petroleum Exporting Countries asserts that ‘concern’ regarding the economies of Latin America and China is one of the reasons that led to forecasts being revised down.
Exports to the two countries declined in Q1, both in volume and revenues. Sales overall also slid down over the same period in 2015.
Shipments of the product to Arab countries totaled 338,700 bags in Q1 of this year, against 355,300 bags from January to March of 2015. Revenues generated declined even further at 17% in the same comparison.
In its report World Economic Outlook, the fund warns for a more modest growth of the economy and revises down the forecast for the GDP growth of Brazil and Arab countries.
Forecast for the next year calls for an increase of 5% in the sector. Analysis of Dubai’s Chamber of Commerce and Industry says there are opportunities in luxury retail.
Brazilian exports surpassed imports in the first six business days of the month, according to the Ministry of Development. Year-to-date, surplus stands at USD 10 billion.
Ministry of Development opens 30-day public consultation on modifications on nomenclature and common external tariffs of products such as CT scan equipment and acetoin.
Region appears at third place in list of largest importers of Brazilian agricultural products in March. Exports revenues totaled USD 724.3 million, with Iran being the highlight.
