During a visit to Mauritania, Christine Lagarde, the Fund’s managing director, praised the country’s economic management, but pointed out a need for change in the region as a whole.
Browsing: Economy
The European aircraft manufacturer informs that Middle East Airlines – Air Liban (MEA) signed a contract for the purchase of the A320neo and A321neo models.
Prices of Brazilian staple goods overseas increased by an average of 10.51% last year. The increase was lower than that of the international index.
The net inflow of dollars into Brazil totalled US$ 16.7 million last year, the lowest since the peak of the international financial crisis. In the first week of 2013, the forex flow was negative.
The Minister of Communication, Safa Nassereddin, announced the launch of a seal bearing the inscription ‘State of Palestine.’ Printed in Bahrain, the material will be used by diplomatic offices.
Qatar should loan US$ 2 billion and donate another US$ 500 million. The funds should help the Egyptians fight depreciation of their currency as against the dollar.
On January 1st, the company processed its largest volume of oil in a single day. Production reached 2.111 million barrels.
Eight cooperation agreements were signed. The projects include building a steelmaking complex to produce 5 million tonnes of steel per year.
The airline of Abu Dhabi transported 33,802 people on January 5th, the largest passenger throughput for the company in a single day. The year has started busy for the company.
A traded volume of US$ 874.4 billion and 192 million transactions made were all-time highs in the Brazilian stock exchange.
An International Monetary Fund (IMF) envoy met with local authorities to return to talks regarding a US$ 4.8 billion loan. An agreement was reached in November and cancelled the following month.
The country posted a US$ 100 million deficit in the first week of January, resulting from US$ 2.25 billion in exports and US$ 2.35 billion in imports.
The UN agency plans to immunise children and adults in low and middle income countries against pneumonia and diarrhoea, as well as to fight against cervical cancer.
The objective is to supply the electric energy generation needs of the country. State-owned oil company Saudi Aramco should increase efforts to explore and develop more wells.
