The African Development Bank announced a US$ 140 million loan for part of the renovation, which includes construction of a new building, new runways, a traffic control tower and expansion of facilities.
In quarter one this year, the Brazilian mining company’s ore plant in Sohar performed better than in Q1 2014. Total iron ore output also increased.
Brazil’s trade in goods and services with the world was negative in March. In Q1, it stands at US$ 25 billion, according to the Central Bank.
The organization will have an institutional stand at the International Agriculture Show in Morocco (Siam), from April 28th to May 3rd. The goal is to canvas the local beef and agricultural machinery markets.
The event, to be held on April 29th, will have a presentation by Rubens Hannun, vice-president of Foreign Trade of the Arab Chamber. Participation is open to member and guest companies.
Importers from the two Arab countries will attend the agricultural technology set to begin on April 27th in Ribeirão Preto, São Paulo. They will engage in matchmaking with machinery manufacturers.
In the third week of April, the Brazilian balance of trade recorded a US$ 240 million deficit, with exports grossing US$ 3.7 billion and imports amounting to US$ 3.9 billion.
Companies interested in bidding for the call for offers from the Ministry of Electricity are to apply by May 25th. The competition is open to local and foreign enterprises.
The forecast of how much Brazil’s economy is expected to shrink in 2015 has gone from 1.01% to 1.03%, as per the Focus Bulletin. This year, the country should post a US$ 4.3 billion trade surplus.
Revenues from foreign sales from Brazil to Arab countries were up 1.03% year-on-year in March. The export volume increased by 27.7%.
Booklet launched by the UNHCR in Brazil addresses topics like documentation and the legal rights of foreign workers. Out of all people under refugee status in Brazil, 38% are Arabs.
Manufactured volume in Brazil was down 7.4% from March 2014 2.8 million tons, as per data from industry organization Instituto Aço Brasil.
The United Nations World Tourism Organization also forecasts higher growth of the industry’s revenues in South America and notes that the pilgrimage to Mecca shows potential in Saudi Arabia.
Representatives of the private sector of the 20 biggest economies released proposals to try to eliminate bottlenecks that hinder the expansion of jobs and investments in countries facing difficulties.
