During a visit to Mauritania, Christine Lagarde, the Fund’s managing director, praised the country’s economic management, but pointed out a need for change in the region as a whole.
Author: From the Newsroom
The emirate will develop a set of initiatives aimed at offering products and services which abide by Muslim traditions. The goal is to attract investment from other countries.
The European aircraft manufacturer informs that Middle East Airlines – Air Liban (MEA) signed a contract for the purchase of the A320neo and A321neo models.
The Minister of Communication, Safa Nassereddin, announced the launch of a seal bearing the inscription ‘State of Palestine.’ Printed in Bahrain, the material will be used by diplomatic offices.
Qatar should loan US$ 2 billion and donate another US$ 500 million. The funds should help the Egyptians fight depreciation of their currency as against the dollar.
Revenues from foreign sales of Brazilian bovine meat stood at US$ 21.8 million per day last week. Sales grew in spite of restrictions imposed by some countries.
Eight cooperation agreements were signed. The projects include building a steelmaking complex to produce 5 million tonnes of steel per year.
The airline of Abu Dhabi transported 33,802 people on January 5th, the largest passenger throughput for the company in a single day. The year has started busy for the company.
A traded volume of US$ 874.4 billion and 192 million transactions made were all-time highs in the Brazilian stock exchange.
An International Monetary Fund (IMF) envoy met with local authorities to return to talks regarding a US$ 4.8 billion loan. An agreement was reached in November and cancelled the following month.
The UN agency plans to immunise children and adults in low and middle income countries against pneumonia and diarrhoea, as well as to fight against cervical cancer.
The objective is to supply the electric energy generation needs of the country. State-owned oil company Saudi Aramco should increase efforts to explore and develop more wells.
Foreign sales of processed goods have increased steadily over the past few years. In 2011, revenues reached US$ 2.66 billion, up 16% from 2010.
Should the Dubai-based company maintain the same rate of growth this year as in 2012, at 18.4%, it will surpass the United States-based Delta Airlines.
