The Arab country’s Ministry of Oil is seeking to attract investors for the construction of the plant, planned for a capacity of 70,000 barrels per day.
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The announcement was made this Tuesday (22) after a meeting between the president of the New Development Bank (NDB) with the Brazilian FM in Shanghai. The office will open until the end of the year.
Exports reached USD 5.2 billion and imports came out to USD 3.3 billion in the third week of May in Brazil. Month-to-date, there was a USD 5 billion surplus.
The Arab Brazilian Chamber of Commerce released a statement informing that it is the only chamber officially recognized in Brazil by the Union of Arab Chambers.
The country’s GDP grew from January to March over the same months of 2017, according to a FGV survey. The indicator is not the official one.
The United States currency closed up 1% to BRL 3.74 on Friday.
In April, the country’s airports received over 2 million passengers. The Casablanca terminal accounted for 40% of the total.
The IMF released a preliminary report of a visit to the Arab country and praised the efforts made to go forward with the reform program. The Fund should disburse other USD 2 billion to Egypt as part of their agreement.
The North American currency had an appreciation of 0.61% over the real this Thursday. It was the currency’s fifth consecutive appreciation.
Banks surveyed by the Ministry of Finance expect a deficit below the official target for this year.
Brent North Sea crude oil reached USD 80.18, the highest price in four years.
The growth seen in 2018’s first three months is the highest since 2014’s Q2.
The United States currency ended the day selling for BRL 3.661, up 0.9%, climbing for the third straight day.
The industry saw foreign sales slide in January, February and March, before rebounding in April to 9.87 million pairs of shoes shipped, grossing a combined USD 93.18 million.
