By 2020, GCC countries will increase their imports of foodstuffs by over 100% to meet the demand generated by population growth in the region, which is three times higher than the world average.
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A report by the United Nations Conference on Trade and Development shows that developing nations have more than tripled their investment in poor nations over the last decade.
A survey conducted by the General Records Office for Employment and Unemployment (Caged) indicates that 126,143 formal jobs were created in the country in October.
The risk rating agency upgraded the grade for the Brazilian long-term sovereign debt from BBB- to BBB.
The Canadian aircraft manufacturing company announced that it will build a US$ 200 million factory in the Arab country. Project implementation starts next year.
Foreign sales by Brazilian cooperatives exceeded US$ 5 billion from January to October – the highest figure ever recorded during the period in Foreign Trade Ministry surveys.
Uncertainty in the global scenario caused the Economic Climate Index to drop from 5.6 points to 4.4 points in Latin America from July to October.
Enterprises will be able to shop for funds on the market for initiatives deemed as having priority status by the government. Debenture buyers will pay less income tax. Foreigners will be exempt.
Company’s net profit reached US$ 3.6 billion, lower than in the second quarter this year and in the third quarter of 2010. Still, a company executive said the cash flow has remained stable.
A survey conducted by the Central Bank of Brazil among analysts has lowered the Brazil economy growth forecast for the sixth consecutive week.
Exports exceeded imports by US$ 1.57 billion last week, as against a US$ 543 million deficit recorded in the preceding week.
Furniture and electrical kitchen appliance manufacturer based in Minas Gerais, wants to earn 15% of its revenues from foreign sales by 2014. The Arab market is one of the targets.
The silo manufacturer posted revenues from foreign sales of US$ 13 million in the third quarter this year. Egypt is one of the company’s main target markets.
The Libyan provisional government prime minister, Ali Tarhouni, said the country should only sign oil exploration and production agreements after the elections, which are due eight months from now.
