According to a report from the IATA, the region should see 4.9% growth per year for the coming 20 years. An additional 237 million passengers are expected each year.
Author: From the Newsroom
The Unctad’s Empretec Women in Business Award went to Lina Jalil Khalifeh, who founded the first women-only personal defence studio in the Middle East.
IFC, the IBRD’s private sector arm, has announced a US$ 207 million loan for building seven photovoltaic plants.
Data from the Serasa Experian indicate a 19.6% growth in default when compared to September 2013. In September from August, however, insolvency is down.
The United Nations warns that one million people need some sort of assistance and 50,000 children are on the brink of death.
The Abu Dhabi airline recorded a “sharp” increase in passenger numbers and cargo volumes in quarter three.
The cash will be loaned by Saudi Arabia and the United Arab Emirates. Egypt is repaying a loan from Qatar.
Figures from the first and second week of the month show a US$ 140 million surplus, though with a decline in exports and imports when compared to October last year.
Brent oil was sold at US$ 89.35 per barrel, the lowest value since 2010, after output increased in North America and Saudi Arabia.
Brazilian exports to the Arab country fetched US$ 17.2 million. Sales volume also increased, by 52%, to 1.8 million pairs of shoes.
Brazilian foreign sales amounted to US$ 582 million. A total of 2.94 million bags were shipped, up 7.8% from the same month last year.
The funds will be allocated to hosting a forum and forming a workgroup to focus on family farming-related issues.
The African Development Forum will be held from October 12th to 16th in Marrakech. The goal is to increase Africa’s ability to explore innovative funding schemes to fuel the continent’s development.
The International Monetary Fund has revised down the forecasts in its World Economic Outlook report for the global economy, the Arab countries and Brazil.
