The estimate was made by the Central Bank, which bets on oil revenues to make the country continue growing.
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Nizwa Bank will offer products and services in keeping with Muslim traditions. The country is the last Gulf Cooperation Council member state to launch a banking system which abides by religious rules.
Lafarge has announced that it will invest the funds over the next five years. The project includes a research centre in the building sector.
The company’s proven oil and natural gas reserves in Brazil and abroad increased by 0.2% last year.
Last year the country shipped US$ 20.1 billion worth of products to foreign countries. The highest increases were seen in the furniture and pharmaceuticals sectors.
The selection process should take place in São Paulo, on Saturday (12), and in Rio de Janeiro, on Sunday (13). Candidates should enrol on the company site.
In 2012, 1.69 million units were manufactured in Brazil, as against 2.13 million in 2011. This year, however, a bounce back is expected.
The government of Brazil has authorized the promotion of the 11th round of tenders in March this year. Some 172 blocks will be on offer.
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.
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.
