Passenger revenues were up 19% to US$ 900 million. The Abu Dhabi airline will start flying to Brazil in June.
Author: From the Newsroom
Brazil shipped 330,000 60-kilogram bags to the region in quarter one. Lower prices, however, caused revenues to drop by 3.65% to US$ 55.4 million.
The first International Medical Tourism Exhibition and Conference should take place starting on Monday, in Muscat. The event should bring together over 50 hospitals and medical centres from several countries.
The airline of Dubai should make available US$ 150,000 for initiatives for conservation of the environment around the world. The programs should have an impact on countries served by the company. Enrolment ends on April 25th.
The Union of Arab Banks claims that deposit and loan portfolios should reach US$ 3 trillion this year, up US$ 400 billion from 2012.
Net cash inflow into savings accounts stood at R$ 5.96 bn (US$ 2.94 bn) in March in Brazil, the highest-ever result for the month and the highest so far this year, according to the Brazilian Central Bank.
Sales reached 284,000 vehicles in Brazil in March, as against 235,000 in February. In comparison to March last year, however, there was a 5.5% drop.
Revenues from Brazilian exports to countries in the region amounted to US$ 2.2 billion in January and February. Imports stood at US$ 1.46 billion, up 20%.
The country sold primary products with lower added value than in February. The movement was fostered mainly by metals, which includes iron ore and bauxite, among others.
Saudi Arabia and Japan were the only two countries whose chicken imports from Brazil increased in March. Overall, the industry saw a decline in export volume and revenues.
Agreements signed during Michel Temer’s visit establish political consultation mechanisms, a joint commission, and sports cooperation. The Brazilian vice president visited company Vale’s facilities in the Arab country.
The government aims to increase the total the country has in foreign currency from US$ 13.5 billion to US$ 16 billion by late June. An IMF delegation should arrive in Cairo on Wednesday. Total of the agreement may change.
The latest edition of Arab Chamber TV features the talk ‘Economic Scenarios of Arab Countries in 2013,’ Palestine’s status as a UN observer state, Brazil’s trade relations with the Arab World, an interview with Fabio Saldanha of the company Quickly Serviço, and Arab influence in samba music.
The Consumer Expectation Index was up in March following three straight months on a downward curve, according to the National Confederation of Industry.
