Profit by the Brazilian branch of the Arab Banking Corporation in the first quarter of this year is 0.8% higher than in the last quarter of 2012 and 5.6% higher than in the first three months of 2012.
Browsing: Economy
Fiat’s new Brazilian plant has been named South America’s best investment attraction project in 2012. Global capital flows are the theme of a forum that kicked off this Tuesday in the emirate.
Foreign sales fostering project Brazilian Furniture targets nine countries, including the Emirates. Shipments saw a slight decline in quarter one.
The Brazilian food company posted US$ 1.54 billion in export revenues in quarter one. The Middle East is the main target market, with over US$ 499 million in imports.
Exchange rate variations increased the revenues to R$ 2.2 billion (US$ 1.1 billion), R$ 113 million (US$ 57 million) up from the same period last year. The company received greater orders of light and defence aircraft.
The agreement signed by Brazil’s manufacturing company with the US-based airline includes a purchase option for another 40 units, in a deal that may amount to US$ 2.9 billion.
So said United Nations Development Programme delegate Jorge Chediek, following the release of a study on the new Brazilian middle class.
The Verde- Amarela Fair will take place on May 17th and 18th, in Dubai Marina, and should show products and services offered by Brazilians that live in the emirate.
A study forecasts an increase in passenger flow due to the strategic location of airports in the region. By 2015, Dubai’s terminal should be the world’s busiest.
The investment meeting should take place from May 6th to 9th, in Tangiers. The objective is to strengthen economic and trade relations between Morocco and the countries of the Gulf Cooperation Council.
Anib, the sector association, is launching a programme to promote the quality of Brazilian biscuits abroad, and also to help companies prepare for the foreign market. Gulfood, in Dubai, should receive the campaign.
The National Consumer Expectation Index dropped 1.9% from March to April. The main concern is inflation and lower future income.
Businessman and consultant Fernando Curado covers the main formulas that companies may follow for succession of a family business. The event should take place on May 14th.
The projection for the 2013-2014 fiscal year, which starts in July, is a part of the budget proposal that the government has submitted to the Parliament.
