Abu Dhabi-based holding company’s revenues reached US$ 3.7 bn in the first half. The company posted a profit of US$ 54 million, as against losses of US$ 1.2 bn in the same period of last year.
Browsing: Economy
The Central Bank of Brazil has reduced Brazil’s estimated growth this year from 4% to 3.5%.
A prototype named SSAO holds the promise of increasing oil production in offshore fields and prolonging the lifespan of oilfields considered mature.
Situated in one of the most beautiful coastal cities in Brazil, Areia Dourada sells beach fashion to the Arab country and also to Europe. The company exports 10% of produce.
Dollar outflow surpassed the inflow by US$ 431 million in Brazil. This month, the flow of foreign exchange is running a surplus of US$ 8 billion.
The Supreme Council of the Armed Forces, which runs the country’s transitional government, announced the timetable for the parliamentary elections today.
The organization collaborates with Qatar Investor Window 2011, an event to bring together companies and investors from the Arab country. Brazilian enterprises will have an enrolment discount.
A total of 322 foreign direct investment projects were announced in the first half of this year, as against 430 in the same period in 2010. The movement reflects the revolutions in the region.
Special Tax Refund Regime for Exporting Companies (Reintegra) should enter into force early next month, according to the Brazilian minister of Development, Fernando Pimentel.
The minister of Development, Industry and Foreign Trade, Fernando Pimentel, spoke at a luncheon hosted by the Arab Brazilian Chamber on Monday. He discussed the economic scenario.
The African Development Bank is going to transfer US$ 7.5 million to the IMF for a project to help strengthen financial institutions and to fight poverty.
In the fourth week of September, Brazilian exports reached US$ 5.1 billion and imports hit US$ 5.7 billion.
IMF figures show that the country has the greatest per capita GDP and show that, in 2016, income of each citizen may be double that of the North Americans.
The country wants to reduce its dependence on imported energy and lower the spending that desalinating seawater entails. For such, a nuclear plant will be built.
