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Vale has started the test period of its Omani pelletizing plant. Commercial operation should begin in March. The complex should produce 4.5 million tonnes of pellets.
The price of Brent oil rose 1.75% on Monday morning due to the instability in Libya. It has reached its highest price since the beginning of the economic crisis, in 2008.
The first Sharjah Business Forum, in the Emirates, should take place from February 27th to 28th. It aims to foster the part played by the private sector and to promote investment in the region.
In the third week of the month, with five working days, exports totalled US$ 4.542 billion and imports, US$ 3.965 billion.
Brazilian companies participating in the 15th edition of AEEDC closed deals totalling US$ 445,000. Abimo forecasts that new sales may generate revenues of US$ 3 million this year.
Headquartered in São Paulo, Tunisia Tur wants to attract Brazilian tourists to the Arab country. Routes offer from crossing the desert to train trips and wine routes.
The company is building a new industrial unit in the city of Santa Cruz do Sul, in the state of Rio Grande do Sul, with investment of US$ 66 million.
The Ministry of Tourism hopes to increase the number of foreign tourists visiting Brazil by 30% by 2016, for the Rio de Janeiro Olympic Games.
The company’s Finance and Investor Relations director, Almir Barbassa, said the company needs to collect at least that volume in capital for new investment.
The government of the country is going to add US$ 2 billion to its compensation fund, used to subsidise food and primary need goods. The measure was taken to reduce price increases.
The Foreign Trade board has reduced to 2%, up to June next year, the Import Tax levied on 417 products, from capital goods to telecommunication items.
As is the case in Brazil, the ghost of inflation is trying to destabilize the economies of the Arab countries. In Egypt, the Consumer Price Index rose 1.02% in January.
The profit was 11.7 billion last year. The value is 15.3% greater than the US$ 6 billion obtained in 2009 and is the highest in Bank of Brazil history.
