Browsing: Economy

The 18th edition of Arabian Travel Market is due from May 2 to 5, in Dubai, in the United Arab Emirates. The event will feature over 2,000 exhibitors from the five continents.

Greater São Paulo area cosmetics company Arte dos Aromas already earns 8% of its revenues on the foreign market and wants to reach 15% by 2012. It sells to Europe and plans to invest in the Arabs.

According to the chairman of the European Parliament delegation for Mercorsur relations, Luis Yáñes, Brazil is the country of the hour because of its social and economic progress.

The region grew the most as a source of foreign direct investment in 2010, according to the Unctad. International acquisitions made by Brazilian and Mexican companies were a highlight.

A report by the fund shows that, in the long run, political changes are opening opportunities in the region, but in the short run, there are great internal and external challenges to face.

The Brazilian oil company produced 2.6 million barrels of oil and gas per day in Brazil and overseas in March. Resumption of activity and entry of rigs into operation contributed to the performance.