The Arab Spring caused losses to the Brazilian company’s business in the African country. Plant is expected to produce up to 1,000 units as soon as protests are over and the economy is back to normal.
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In a report about perspectives for the region, the International Monetary Fund also recommends that the countries of the Middle East and North Africa invest in human capital.
Automobile manufacturing dropped by 15.5% in April compared with March, according to the National Association of Vehicle Manufacturers (Anfavea). A total of 260,200 new units were made.
Finance market projections have been slightly altered. The estimate for growth of the Brazilian GDP is now 3.23%.
Over 250 women are expected at the African Women Leadership Conference next June in Gambia.
Emirati tourism industry should grow by 6.5% a year until 2021 according to World Travel and Tourism Council. The country should receive more tourists from regions such as Latin America and Asia.
Automaker Mercedes-Benz has inaugurated a new lorry plant in Juiz de Fora, in the state of Minas Gerais. The light and extra heavy trucks will be sold on the domestic and foreign markets.
Argentina, United States and Uruguay were the leading sources of tourists to Brazil last year. The total number of visitors was 5.4 million.
The equivalent volumes of oil and gas were obtained by Brazil in March. The performance in the country represented a 5% reduction over February.
According to the company’s president Graça Foster, recent oil discoveries have increased its interest in the continent even further. Petrobras already operates in seven African countries.
A study by the Food and Agriculture Organization of the United Nations shows that prices dropped in March, but that they are above those practiced prior to the 2008 crisis.
The demand increased by 6.83% in the first three months of the year compared with the same period of 2011, according to the Abegás.
The Brazilian trade balance had a US$ 881 million surplus in April, as a result of US$ 19.5 billion in exports and US$ 18.6 billion in imports.
The inflow of dollars exceeded the outflow by US$ 5.8 billion last month, up to the 27th, according to the Central Bank.
