The forecast was issued by the Economic Commission for Latin America and the Caribbean (Eclac). The growth estimate for Brazil’s economy is 2.3%.
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According to Finance minister Guido Mantega, in order for the country’s economy to re-enter a desirable cycle, the investment rate must climb to 7% per annum.
Spain’s Bamesa has inaugurated a new unit at the Tangier Free Zone. The facility should process up to 100,000 tonnes per year.
This was the revenue the sector posted last year. There has been an increase of 4.4% over the previous period.
In Q1, the Dubai-based ports operator handled 14.3 million TEUs worldwide. Throughput at proprietary terminals was 6.8 million TEUs.
The tranche is part of a 24-month loan agreement. The total amount already paid reaches US$ 888.4 million.
The Emirates’ investment company has raised the foreign share ownership limit from the former 20% to 35%.
Brazil’s aircraft maker believes the Middle East and Africa will buy 530 units of 70- to 130-seater models in the next 20 years. Air traffic growth in the region will outstrip the world average.
According to a survey conducted by FGV, there has been a slight recovery in the industry confidence index from March to April. The increase breaks a downward streak since January.
Exports increased to 11 out of the 22 countries in the region in March. Overall, however, sales declined, mostly due to reduced shipments of meats, sugar and cereals.
The goal of the initiative is to cut down export times from 13 to eight days, and import times from 17 to up to ten days by 2017.
The amount is the result of US$ 3.851 billion in exports and US$ 3.806 billion in imports last week in Brazil.
The estimate of financial institutions for the expansion of Brazil’s economy has dropped slightly, from 1.65% to 1.63%.
The Abu Dhabi-based state-owned investment company posted a net profit of US$ 395 million last year. The result was driven by returns on financial investments.
