A US$ 10-million project will see the construction of a cold room with capacity to store 40,000 tonnes of products. The structure will benefit Moroccan exporters of fruit, vegetables and seafood.
Author: From the Newsroom
Qatar, Saudi Arabia, Emirates, Bahrain and Kuwait are top-ranked countries of the Human Development Index of the United Nations. In comparison to the previous study, however, only Morocco moved up.
The airline has purchased a used unit of the ERJ-145 model to use in flights to African capitals. The Brazilian aircraft manufacturer has delivered over 50 planes in Arab countries.
The country ranks among the world’s ten most inviting countries to investment in the sector, according to a survey by Ernst & Young. It has climbed two positions in the ranking.
The Brazilian government has reduced the rates for ten products used by industry. Some are imported from Arab countries like Tunisia, Morocco and Egypt.
Amount is the sum of sector transactions in the first half of the year. In Q2, business yielded 14% less than in Q1.
Export value exceeded US$ 14 billion to date in July. The balance of trade shows a US$ 497 million surplus month-to-date.
Production averaged at 555,000 barrels per day this week and 470,000 bpd last week, after the government repossessed of ports and facilities shut down by protesters.
In the first half of the year, the Arab bank had a net profit of US$ 514 million. Total assets reached US$ 71.1 billion, up 11.7% from 2013.
A mission from the Fund has given a positive assessment of the country’s election calendar, fiscal performance and subsidy reductions, but noted that the economy remains fragile.
The Moroccan airline has signed a lease contract for four E190 jets. The units will fly in routes to Europe and West Africa.
Brazilian exports grossed US$ 4.869 billion and imports amounted to US$ 5.109 billion, resulting in a US$ 240 million deficit.
Exports by Brazilian footwear companies were up 3.5% June-on-June, following three straight months of decline. In the first half, however, sales were down 2.6%.
The Brazilian Ministry of External Relations (Itamaraty) will issue multiple-entry visas to Lebanese citizens as informed to Lebanon’s FM, Gebran Bassil, who is visiting the country. Lebanese minister asked Brazil’s help in Middle Eastern conflicts.
