For the seventh year running, magnate Alwaleed Bin Talal tops the ranking of richest Arabs published by ArabianBusiness.com. Of the 50 main Arab fortunes, 32 are Saudi.
Author: From the Newsroom
The Middle East accounted for US$ 4.3 billion, or 4.5% of the total. There is a perspective of growth for the whole of 2010.
The discovery was made offshore, 140 kilometres away from state capital Vitória. The Brazilian company owns the concession to the well alongside the Norwegian Statoil.
The embassy of Brazil to Beirut is going to promote a party at Ajami Square, on Sunday, at Beirut souk. The event should have Brazilian music and dance.
‘Na Senda das Noites,’ by Christiane Damien, will be released on Thursday (16th), in São Paulo. Evening will include a lecture by Mamede Mustafa Jarouche, translator of the Thousand and One Nights.
Companies supported by the Export Promotion Agency exported US$ 23.14 billion in 2010, a figure equivalent to 16.43% of total exports. The country should maintain its foreign sales level in 2011.
Foreign sales of the Brazilian product reached US$ 6.2 billion from January to November. A total of 3.5 million tonnes were shipped. The Middle East remained the leading buyer.
Cláudio Camelier, the Executive Jet Market Intelligence vice president at the Brazilian aircraft maker, said that 300 aircraft should enter operation in the region over the next 10 years.
The consortium that will purchase 18.65% of BGT Pactual includes the emirate’s Investment Council. The group is going to spend US$ 1.8 billion on the deal.
The Lineage 1000 executive jet, manufactured by Embraer, was the first of two in a large order placed by Falcon Aviation Services (FAS), based in the capital of the United Arab Emirates.
Embraer has nominated ExecuJet Aviation Group to be its new Authorised Service Centre in Dubai, in the United Arab Emirates. The Brazilian company has already sold two jets to Saudi Aramco.
Embraer delivered, on Friday (3), the first executive jet in the large category to another Arab country. The aircraft will be managed by Jordanian private company Arab Wings.
The Brazilian Development Bank (BNDES) has approved US$ 20 million for the processing of residues in the cities of Itapevi and Paulínia, both in the interior of the state of São Paulo.
President Luiz Inácio Lula da Silva sent a letter this Friday to the Palestinian National Authority president, Mahmoud Abbas, recognizing the state with its 1967 borders.
