The government will spend the funds on food, job creation, and economic stabilization. A fundraising meeting for countries and organizations is now taking place in Riyadh, Saudi Arabia.
Author: From the Newsroom
Sales of Brazilian products to both regions generated US$ 2.25 billion in August. Imports also dropped in the month. Ministry blames the international crisis.
The photograph exhibit on Arab presence in Latin America will be on show at the ONA Foundation’s Villa Des Arts as of next Friday (7th). The show has already been made permanent in Morocco.
In the Arab country, 1.5 million hectares of farmable lands are in the hands of foreign investors, according to a FAO/Fida study.
According to the International Air Transport Association, passenger demand in the region was up 11.2% in July. Demand was up in Latin America and Africa as well.
The goal is to showcase the country’s non- oil and gas products and services. The program includes business matchmaking rounds and enrolment closes on October 4.
Expansion of the Gross Domestic Product was the lowest since the third quarter of 2009, but the best since the second quarter of 2011. Agriculture grew 4.9% and industry dropped 2.5%.
A United Nations report on the region forecasts a population increase of 500,000 and shortage of fresh water, electric power, and schools by 2020.
In the second quarter, there was retraction of European exports and imports, as well as those of India, Russia and South Africa. Brazil expanded foreign purchases, according to the OECD.
The company produced a total of 2.55 million barrels of oil equivalent a day. The volume is 1.12% lower than that obtained in the prior month.
The emirate’s imports, exports and re-exports amounted to a combined US$ 164 billion in the first half, up 12% from the same period in 2011.
According to the National Civil Aviation Agency (Anac), the number of passengers transported per kilometre was up 7.86% in July this year from July 2011.
Brazilian exports totalled US$ 4.804 billion in the period. Manufactured products, like fuel oil, aircraft and ethanol presented the greatest reduction.
The country was included into the International Monetary Fund as one of the 72 poorest nations with access to cheaper loans than those granted to richer nations.
