The Emirates’ investment company has raised the foreign share ownership limit from the former 20% to 35%.
Author: From the Newsroom
Brazil’s aircraft maker believes the Middle East and Africa will buy 530 units of 70- to 130-seater models in the next 20 years. Air traffic growth in the region will outstrip the world average.
The amount is the result of US$ 3.851 billion in exports and US$ 3.806 billion in imports last week in Brazil.
WTM Latin America will receive exhibitors from Egypt, Jordan, United Arab Emirates and Morocco. The event is an opportunity to promote tourism and negotiate tour packages with companies of the sector.
The Abu Dhabi-based state-owned investment company posted a net profit of US$ 395 million last year. The result was driven by returns on financial investments.
Consolidated net income in March increased over the same month last year, but in the quarter it was lower. Conglomerate runs nine companies.
This is the value of investments in projects for the Olympic Games in 2016 which will be used by the population of the host city, Rio de Janeiro, after the games.
The United Arab Emirates purchased 111% more product from Brazil in quarter one this year. However, the average price per pair was down 37.4%.
Exports increased by 0.4% in quarter one, but revenues were 11.5% lower than in the same period last year. The exchange rate was a factor.
The port complex in Morocco handled 735,000 containers in quarter one. New routes, including one to Brazil, fuelled the performance.
The funds are intended to help the Arab country manage its debt and improve public finance management.
A study from the Fund on countries undergoing transformations indicates that the challenge lies in meeting the population’s desires, such as increased participation in decision-making and job creation.
Value was applied in the country in the past ten years. Last year FDI was US$ 11.5 billion, up 20% over 2012.
The Brazilian Federal Senate has passed a bill allowing visa applications, fees and documents to be submitted on the internet. The bill is pending approval from president Dilma Rousseff.
