A report released by a United Nations agency this Wednesday (8th) shows that the city’s participation in Palestine’s economy has declined.
Browsing: Economy
The country manufactured 1.17 million units in the first four months this year, according to information from industry association Anfavea. The figure is an all-time high for the period. A historical record was also set in April.
There was a vigorous return to economic activity, according to information disclosed by the IMF, which concluded a delegation to the country last week. Services, agricultural production and building moved the performance.
The investment plan was announced this Monday during a meeting of company executives with the Brazilian president Dilma Rousseff.
Figures released by the Brazilian Ministry of Development, Industry and Foreign Trade show increased sales of manufactured and basic goods.
The International Monetary Fund does not rule out hazards to the region’s economy. These include a weak recovery of the United States and a decline in demand for commodities.
The Gulf country was the leading importer from the sector in quarter one. Overall, exports from Brazil’s cooperatives were up 9% during the period.
The balance was US$ 944 million negative, but exports grew 5.4%, to US$ 20.6 billion. This year, the only month with a trade surplus was March.
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.
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.
