The emirate’s tourism authority is looking to increase tourist numbers over the next few years and has entered into a partnership with a local company.
Brazil’s federal, state and municipal governments had a combined USD 7 billion surplus after eight straight months in deficit. The result even surpassed January 2015’s.
The Brazilian food company posted a BRL 3.2 billion net income in 2015. Brazil and the Middle East are the leading buying markets, and there are plans to increase market share in North Africa as well.
Such was the mining company’s result in 2015. In quarter four, it incurred BRL 33.1 billion in losses. The primary reason for the weak performance was iron ore prices.
Collection of part of the funds raised through auctions for renewal of hydroelectric plants concessions enabled a surplus in January, according to numbers from Brazil’s National Treasury.
Foreign sales of capital goods declined year-on-year in January in spite of a favorable exchange rate. The industry also saw net revenue go down.
The Egyptian president said he plans on completing 656,000 units in two-and-a-half years’ time.
The last of the three major rating agencies to strip Brazil of investment grade status on the back of deteriorating debt indicators.
The International Monetary Fund claims the country’s GDP grew less and debt widened in 2015. A minor economic recovery is expected this year.
The third edition of the book ‘Lebanon – An Oasis in the Middle East,’ by Roberto Khatlab, is being published by Zahle. It is a guide to the Arab country covering tourism, history, archaeology, religion and culture.
Expenditure was down 62.5%, in January from a year ago. Meanwhile, spending by foreigners during trips to Brazil climbed 14.4%.
In the third week of February, Brazil’s exports outweighed imports by USD 565 million and increased comparatively with the second week.
Actions in the cities of Homs and Damascus claimed 155 lives. The Brazilian Foreign Ministry issued a statement of repudiation and reiterated its support to peace efforts.
A poll of financial institutions by the Brazilian Central Bank shows that the Gross Domestic Product is expected to shrink 3.4% this year.
