A World Bank report points out the need to train workers for the region’s private sector. That should foster competitiveness in the Arab world and create more job openings.
Browsing: Economy
The projection was issued by an IMF delegation. In 2013, the Arab country’s economy may grow by 3.5%. The government is implementing an agenda of fiscal, financial and utilities reforms.
Abu Dhabi’s trading company Hores Representation of Companies will meet with 33 Brazilian businessmen in matchmaking rounds in Salvador. The company seeks products ranging from foods to cosmetics.
The fund reduced from 5.5% to 5.3% its forecast for growth of the Arab economies in 2012. The figure, however, is still better than the performances of 2011 and 2010.
Revenues of Brazil with foreign trade in the year up to the first week of October dropped 5% over the same period in 2011. There was also a drop last week.
Financial market professionals have maintained their growth estimate for the Brazilian economy at 1.57% for the third week in a row. The estimate had been lowered in previous forecasts.
In September, sales to the region remained at the same level as in the same month last year, US$ 1.3 billion. Exports from Brazil to all markets dropped 5.1%.
The institution has made two new financing lines available to Latin America and the Caribbean. The funds will help countries in the region to address external financial shocks and natural disasters.
The aircraft manufacturing company is going to hold a conference on October 9 and 10, in Abu Dhabi, to introduce its latest maintenance updates to business jet operators and to hear suggestions.
Establishments are now required to submit data to the Ministry of Development concerning services provided to foreigners. Goal is to include tourism as an exporting activity from a fiscal standpoint.
A federal government programme established to provide incentives for the auto industry to make more efficient vehicles should only increase exports in the long term.
The Brazilian company announced the signing of an agreement for acquisition of 49% of Federal Foods, a food distributor in the Emirates. The Brazilians will have deciding power.
A research by the International Organisation for Migration shows that most of the inhabitants of Europe who have left the continent due to the crisis moved to Brazil, Argentina, Venezuela and Mexico.
According to a World Bank study, countries in Sub-Saharan Africa should grow approximately 6% a year because they are benefited by rising exports and population income.
