The index measured by Fundação Getulio Vargas dropped 11.2 points in October, before the election final results, to 110.3 points. However, it still reflects a high level of uncertainty.
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The president issued a decree that establishes a foreign investment department within the Ministry of Finance. The country is getting ready to open up some sectors to 100% foreign ownership this year.
The North American currency climbed 1.51% this Monday and ended the day at BRL 3.71.
A plant in the emirate will integrate landfill gas, solar panels and an agro project. UAE-based company Utico will build the USD 100 million venture.
Weekly survey by the Brazilian Central Bank (BC) shows that financial institutions expect the Monetary Policy Committee (COPOM) to maintain at 6.5% the interest rates in this week’s meeting.
The North African countries have agreed to build a 609-km railroad.
That’s the deficit of the government’s current account in September. It was the second largest deficit ever for the month.
Egypt’s Minister of Petroleum, Tarek El-Molla, announced that his country will hold the first bid round for oil and gas exploration in the Red Sea before the end of the year.
Four Brazilian companies are exhibiting their products at WETEX 2018 in a stand set up by the Arab Chamber. The fair began this Tuesday and runs until Thursday.
Dubai-based port operator DP World handled 53.6 million TEUs from January to September. The company operates in the port of Santos.
Weakening production and employment levels continue to hamper a rebound, according to the National Confederation of Industry (CNI).
Brazil’s IPCA-15 index is up 0.09% in October from September.
That’s the forecast made by financial institutions in Brazil for the Extended National Consumer Price Index (IPCA) in 2018. Last week, their estimate stood at 4.43%. It’s the sixth straight time that banks revise up their forecast.
Such was the amount by which Brazil’s Gross Domestic Product widened from June to August, as per think tank Fundação Getulio Vargas’ GDP Monitor.
