The pre-budget statement made public by the minister of Finance works with an estimated 10% drop in revenue in 2020 from 2019. A wider deficit is expected.
Author: From the Newsroom
Brazilian aircraft manufacturer delivered 17 commercial and 27 business jets in Q3 2019. Firm order backlog was USD 16.2 billion in late September.
Brazilian company that produces famous poultry brands such as Sadia and Perdigão signed a memorandum with Saudi officials to build a plant in the country.
The country was targeted by USD 3.6 billion in foreign direct investment in the first half of 2019, the United Nations Conference on Trade and Development (UNCTAD) reported.
President Jair Bolsonaro concluded his travel to the United Arab Emirates and, before leaving for Qatar, did an interview with local news agency WAM. He said he was extremely pleased with the way he was welcomed and said Brazil can be considered as an Arab country due to its huge number of people of Arab descent.
Brazilian mining company posted a gain of USD 1.6 billion in Q3 2019, reversing its loss in Q2.
Arab country expects to harvest 18.5% more olives this year and produce 25% more olive oil.
The Egyptian pound strengthened against the US dollar on Thursday (24), trading at 16.10 against the greenback, up 9.85% year-to-date, which was boosted by higher foreign exchange inflows.
IMF projects a growth at 6% for the Arab country in Africa this year, up from 5.5% in 2018. Strategies of positioning it as a trade and logistics hub has helped improve local economy.
Revenue from foreign sales came out to USD 9.3 billion year-to-date through September.
The upcoming edition of the conference on foreign direct investment is slated for March 2020 in Dubai. The southern Brazilian state is planning to present proposals worth as much as USD 85 million between them.
The Brazilian brand’s regional partner, Millennial Capital, has announced a business expansion across e-commerce, retail, pharma and salons in the bloc.
Fund stressed the huge number of Syrian refugees hosted in the country. However, GDP undergoes a period of weak growth.
The congressman participated in a lunch last Tuesday (15) at the residence of Kuwait’s ambassador to Brasília, Nasser Riden Almotairi.
