In a speech in Rio de Janeiro, the managing director of the international Monetary Fund said the country is taking the necessary measures to steer the economy back to growth.
Author: From the Newsroom
The Brazilian federal government’s policy-making arm for international trade has slashed import rates on goods used in manufacturing textiles, lamps and herbicides.
The event ‘Lebanese Diaspora Energy 2015’ starts this Thursday (21th) and ends on Saturday (23th) in Beirut. The goal is to highlight the success of Lebanese expats throughout the world and encourage them to keep in touch.
The money will be spent on aiding Palestinian refugees in Syria, Lebanon, Gaza and the West Bank.
The country posted a US$ 5.14 billion deficit year-to-date through April, down 27.5% from the comparable period in 2014.
Middle East Airlines – Airliban signed a purchase agreement for a Legacy 500, with an option for another unit. The plane is due for delivery by the end of the year and will be used in chartered flights.
The Gulf-based airline will have aircrew selection events in São Paulo and Rio de Janeiro, respectively on May 30th and June 2nd.
The stand-by arrangement has been extended for seven months, until December 31st, to allow more time for reforms implementation. The country has received US$ 1.15 billion from the Fund so far.
Students from five universities in the country are participating in the finals of the ACM-ICPC programming competition on May 20th, in Marrakesh. The contest has 128 teams from around the world competing.
The UN agency believes transnational corporations (TNCs) will be more willing to invest from this year on, as a result of the expected rebound of the world economy.
A smaller number of consumers sought out credit last month in Brazil than in April 2014 and in March 2015.
President Dilma Rousseff said that the new stage of the project, set to start in June, will cover highways, ports, railways and airports.
In the second week of May, exports were higher than imports by US$ 676 million. Year-to-date, however, the country is running a deficit.
A report from the European Bank for Reconstruction and Development mentions a rebound in agriculture, growing exports of high value-added goods and cheap oil and also makes projections for Tunisia, Egypt and Jordan.
