Federal, state and local governments ran a combined USD 2.1 billion deficit, which is much narrower than the BRL 30.7 billion deficit seen in May 2017.
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Brazil’s National Agency of Petroleum, Natural Gas and Biofuels has issued a preliminary request for bids and the minutes of contracts for the 5th Pre-Salt Oil and Gas Production Sharing Tender Round, slated for September.
The North American currency slid 0.51% and the main index of the São Paulo Stock Exchange climbed 1.64%.
The credit line will finance reforms for private investments promotion, small businesses, social program and alternative energy.
Twenty malls in the emirate are offering up to 80% off in goods and services through August 18. The campaign also includes promotions by hotels and art and culture attractions.
The Brazilian monetary authority believes the economy will see 1.6% growth in 2018, down from a prior 2.6% estimate.
The government saw BRL 603.4 billion year-to-date through May. One of the factors driving the hike was instalment payments by debtors.
The number of active enterprises in the country by the end of 2016 was 5.05 million, according to the Brazilian Institute of Geography and Statistics (IBGE). The number is down 1.3% from 2015.
Foreign sales from Brazil came out to USD 520 million on the back of a road transportation industry strike. Industry association Abimaq is expecting a recovery.
For the first time ever, the e-book app and devices will offer works in Arabic language.
Small- and medium-sized enterprises also employ 42% of the emirate’s total workforce, as per estimates from the CEO of Dubai FDI.
Purchases of chemical products reached USD 15.6 billion from January through May in Brazil. The trade deficit is causing concern in the local industry.
The surplus is the result of USD 5.2 billion in exports and USD 3.2 billion in imports. Basic goods and semi-finished products had an increase in sales.
In May, the current account surplus was USD 729 million. Year-to-date, however, it has a USD 4 billion deficit.
