A survey from Financial Times Group division fDi Intelligence considers the number of foreign projects in which these countries have invested.
Author: From the Newsroom
The agreement has been forwarded by the president two weeks after a visit of the Egyptian president Mohamed Morsi to Brazil. The treaty is pending ratification from the parliaments of the countries involved.
Inova Energia will fund innovative electric power technology projects. A total of 373 companies have submitted projects in areas such as intelligent networks, and alternative sources.
The forecast is by the IMF, which issued a press statement showing that the country is restructuring, but needs to implement projects for economic development and to increase transparency.
The funds will be invested in public services, energy, sanitation, social security, education and administrative reforms.
Revenues from foreign sales amounted to US$ 1.9 billion in the first four months this year. Egypt was the sixth leading buyer and the United Arab Emirates rank tenth.
The first round of tenders under the shared oil production regime will take place in October. It was previously scheduled for November.
The country accounted for 12% of foreign sales by Brazilian cooperatives from January through April. Total export revenues stood at US$ 1.838 billion, the highest figure ever.
An International Monetary Fund assessment shows that the country’s Gross Domestic Product and per capita income should be up this year due to petroleum exploration, but advises economic diversification.
Non-oil industries will grow by 7.6% this year and the country’s GDP should be up 4.4%, while oil output is expected to decline. The information was released by the International Monetary Fund.
The country posted US$ 3.4 billion in tourism earnings in quarter one this year, up 16.2% from quarter one last year.
In a report disclosed on Tuesday (21), the International Monetary Fund states that countries that export oil must reduce their dependence on the commodity. The importers, in turn, need profound economic reform.
Eight enterprises are attending the furniture and decoration fair in Dubai. Brazilian companies’ exports to the Emirates were up 19% in quarter one.
The growth of the economy of the Arab country was boosted by oil, expansion in the non-oil sector and by greater government spending.
