An UN report forecasts 5% growth in the African economy in 2012, against 2.7% in 2011. In the Middle East, the estimated growth is 3.7%, as against 6.6% in the same period.
Author: From the Newsroom
In 2011, the company’s average oil and natural gas production was 2.376 million barrels of oil equivalent a day. The volume is 1.6% greater than in 2010.
The 86-year-old businessman died of natural causes on Wednesday evening. He was the president of the Arab Brazilian Chamber from 1983 to 1986 and was one of the foremost Arab personalities in Brazil.
Fund’s director Massod Ahmed stated that the country’s economy is facing difficult challenges, despite its solid foundations. Negotiation for a support program will continue in weeks to come.
Report issued this Wednesday revises the increase in Gross Domestic Product of developed and emerging countries, and points to recession in the Eurozone.
The balance between Brazil’s exports and imports has remained negative for the second week running. Sales totalled US$ 3.8 billion and purchases, US$ 4.4 billion.
The largest fair in the shoe, sports product and leather artefact sector in Brazil begins on Monday, in São Paulo. Arabs should visit the fair, to include 1,100 exhibitors.
Students of state-run schools that do the Arabic course at BibliAspa should travel to the country to participate in cultural and educational activities. The trip is sponsored by Qatar Foundation.
A mission of the International Monetary Fund will meet with local authorities in Cairo to discuss the possibility of aiding the country in addressing financial issues.
A delegation from Libya visited Morocco and met with the local Exporters Association. The businessmen want to resume bilateral trade.
Ban Ki-moon is visiting the Middle East to propose investment in clean energy development and attend a meeting on reforms in the Arab countries.
Brazilian aircraft manufacturer will exhibit at the Bahrain International Air Show, from January 19 to 21. The company will advertise its commercial jets and showcase the Embraer 175 to visitors.
The Confederation of Brazilian Hides and Skins Industries says the country sold US$ 2.05 billion last year and that Rio Grande do Sul was the main exporter. China was the main buyer in the period.
The Brazilian aircraft manufacturing company delivered 204 aircraft last year, as against 246 in 2010. Sales, however, increased by 28% and reached a total of 124 jets.
