Organization believes the world will see a 3.3% growth in 2017 and 3.6% in 2018. Brazil will register no growth this year and expand 1.5% next year, according to the organization.
Author: From the Newsroom
The Bellara complex will have an initial production capacity of 2 million tons of steel per year.
The first week of the month saw exports from Brazil reached USD 2.403 billion, with imports amounting to USD 1.705 billion.
Shipments totaled 330,200 tons in February, a surge of 3.2%. Revenues had even better results: up 24% to USD 566.2 million.
Marconi Perillo of Goiás, Brazil went over prospective investment targets in his state. King Salman’s brother Muqrin Bin Abdulaziz Al Saud expressed willingness to work on ties with Goiás.
The result is the highest ever for a February in Brazil since record-keeping began in 1989. The USD 7.3 billion surplus year-to-date through February was also an all-time high for the period.
The estimate is from Brazil’s National Federation of Trade (CNC). Bars and restaurants should see the bulk of gains.
The 2017 International Tourism and Travel Fair (Siaha), featuring 150 international exhibitors, will continue until next Saturday in Oran.
Exports to the region reached USD 967 million last year, the Brazilian mining company reported. Vale bounced back from its 2015 loss to post a profit of USD 3.982 billion.
The rate of locally-made equipment and services will be reduced by 50% in oil and gas drilling tenders.
Foreign sales of capital goods from Brazil reached USD 446 million in January, a decline of 12% compared with January of last year.
The meat packing company saw revenue from foreign sales drop by 2.1% to BRL 5.7 billion. Accounting for 21% of total exports, the Middle East was the second biggest buying region for the company.
Exports from Brazil to the region reached USD 688 million in January. Algeria was the highlight with a 108% increase in imports.
A delegation from the Arab country will be exhibiting for the first time at World Travel Market Latin America, from April 4 to 6. The goal is to increase tourist numbers by 10%.
