The free trade agreement between Mercosul and Egypt was passed by the Commission for Economic Development, Industry and Trade, but still pends reviewing from the House of Representatives.
Author: From the Newsroom
The Brazilian trade balance stood positive last week with US$ 296 million, a result of US$ 4.143 billion in exports and US$ 3.847 billion in imports.
The total amount held back reached US$ 22.8 billion and will be cut from, mainly, the investments planned by the Growth Acceleration Program.
According to the airlines’ association, the increase in demand in April was of 3.09% over the same period of last year. The seat capacity increased 1.31%.
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.
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.
