The institution believes that in 2011 the local economy was benefited by greater oil prices and by the growth of Asia, but recalled that local companies have many debts due in 2012.
Author: From the Newsroom
A report by the institution praises the country’s performance in facing the drought and economic crisis in 2011, but forecasts higher inflation and greater imports this year.
The negotiation of the Legacy 650 was announced during participation in the 12th European Executive Aviation Exhibition and Convention, in Geneva, Switzerland.
The airline was idle since 2005. It has started flying between Amman, in Jordan, and Al-Arich, in Egypt. There are plans for routes to Saudi Arabia, Turkey and the United Arab Emirates.
An executive at the organisations met with authorities and said the country has challenges, but may grow above the 3% forecasted for this year.
The ‘Skywards Future Artists Competition’ looks for new artistic talents around the world. The winners will get a US$ 5,000 prize and their works will be printed in the company’s loyalty cards.
The country produced 1.5 million barrels of the commodity per day. The country is restructuring itself after protests overthrew the government.
In April, shoe parts exports decreased by 1.2% compared with March and by 8.8% compared with March 2011. Revenues reached US$ 87 million.
Sales by the company, a maker of equipment for grain storage, totalled US$ 11.8 million in the first quarter. The Middle East and North Africa was important for the performance.
Dubai-based airline posts positive results, but claims ‘stifling’ oil prices caused gains to plummet. Revenues reached US$ 17 billion in the fiscal year ended March.
Sector sales dropped by 11.4% last month compared with the same month last year, resulting from poor performance of soy bean, oil and chaff, sugar and ethanol exports. Revenues reached US$ 7 billion.
In a report about perspectives for the region, the International Monetary Fund also recommends that the countries of the Middle East and North Africa invest in human capital.
Over 250 women are expected at the African Women Leadership Conference next June in Gambia.
Emirati tourism industry should grow by 6.5% a year until 2021 according to World Travel and Tourism Council. The country should receive more tourists from regions such as Latin America and Asia.
