Saudi Arabia tops a mobile telephony competitiveness ranking covering 19 Arab countries. Jordan ranks second and Palestine, third.
Author: From the Newsroom
Disbursements by the Brazilian Development Bank reached US$ 15.2 billion in the first quarter, a 2% reduction over the same period of last year.
The company reversed losses of US$ 43.4 million incurred in the same period of 2010. Revenues and occupancy rates have increased as well.
Emirates airline gives 50% off in ticket prices to children travelling from São Palo to Dubai along with two paying adults.
Santander Brazil, which has Arab capital, has been named one of the most solid banks in the world according to a ranking published by the Bloomberg Markets magazine.
The company’s first quarter net result reached US$ 6.7 billion, representing an increase of 42% over the same period of last year.
Facilities will operate at a new unit of the Hospital in São Paulo. A lecture will mark the launch of the project this Friday.
According to the Ministry of Agriculture, sector exports to the region, which comprises Arab countries, increased in April and reached US$ 593.6 million. Sales to the Middle East have also risen.
The world’s leading processor of animal protein, the Brazilian group exported US$ 389 million to the two regions in the first quarter, i.e. 16% of its total foreign sales.
The company revenues totalled US$ 15.6 billion in the April 1st 2010 to March 31st 2011 fiscal year. Net profit was US$ 1.6 billion, a record figure for the organisation.
Cancellation of the import tax, scheduled to end in May, has been extended to June 30th. The textile sector continues suffering with crop problems.
A survey conducted by the HSBC bank shows that the Middle East and North Africa are the most confident regions regarding the development of international trade in the coming six months.
The Arab country should adopt an economic model more open to foreign countries and diversification of international partners, according to the Tunisian minister of Finance, Jalloul Ayed.
The agribusiness fair held last week in Ribeirão Preto was visited by 870 foreigners, mostly from Venezuela, Argentina and the United States.
