The main economies of the Middle East and North Africa should have average inflation of 12% in 2011, according to projections disclosed at an investor conference in Jordan.
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The mining company has temporarily suspended testing at its unit in Oman, in the Middle East, due to political and social instability in the country.
In February, exports totalled US$ 16.733 billion and imports, US$ 15.534 billion. In the same month of 2010, the trade balance surplus was US$ 389 million.
From March 21 to April 13, the Arab Culture Institute should promote course ‘Arab Countries: current conjecture and perspectives’, in São Paulo, with eight meetings with specialists and professors.
Up to last year, the region had investment of US$ 1 trillion in the foreign market, according to information disclosed at the Sharjah Business Forum.
The company and the government of Bahia are going to sign, on Tuesday (1), a protocol of intention to guide actions for construction of a LNG regassification terminal in the state.
According to the World Travel Organisation, both countries are slowly recovering their capacity to receive tourists.
Political instability in the Arab world should not affect Vale’s performance. According to executives at the company, the Middle East represents just 3% of sales.
The public sector, including the federal, state and municipal governments, had a primary surplus of US$ 10.6 billion in January. In the same period last year, the surplus had been US$ 9.6 billion.
Protests in Libya caused fear on the financial market, causing appreciation of the barrel of oil. The Brent barrel reached its peak of US$ 119.79 on Thursday morning, in London.
The Central Bank posted profit of US$ 9.4 billion last year. The result is due to operations in reals, public papers, Treasury remuneration and compulsory deposits.
The state is changing its tax policy, starting on Thursday, to attract new industries to the interior of the state. The measure is part of the Paraná Competitivo programme.
Innovators even stand out in competitive sectors like beauty and semi-jewels, as is the case with Feitiços Aromáticos and with Bruna Semijóias. Read the last article in series ‘Making the difference’.
The outflow of foreign investment from the Securities, Commodities and Futures Exchange should continue in coming months, but should not appreciate the dollar.
