The UAE-based airline posted USD 1.8 billion in losses last year, primarily due to fuel hedge contracts and depreciation of aircraft and other assets.
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The Brazilian mining company saw its revenues and profit go down in Q2 of this year. The Middle East accounted for 2.9% of the company’s businesses.
The Brazilian Central Bank (BC) reduced the benchmark interest rates from 10.25% to 9.25% per year, below two-digit number for the first time in almost four years.
Foreign sales of capital goods from Brazil increased year-on-year from January to June, 2017. In June alone, sales also went up, by 8.2%.
Weak revenue numbers were one of the reasons for the widest primary deficit on record for a first half in Brazil.
USD 6.05 billion worth of goods were shipped from Brazil to Middle East and North Africa countries in the first half of the year. Sales to Saudi Arabia, the United Arab Emirates and Algeria were up by over 10%.
Revenue from foreign sales from the North African country widened to USD 5.87 billion in the first half of the year. Imports also increased, leading to a wider deficit in industrial trade.
The federal government has presented three measures for the sector: the creation of an agency, modernization of the mining code and law improvement.
The UAE-based company carried 17.6 million containers in the second half of this year. The ports operator, which owns a terminal in Santos, Brazil, highlighted its performance in the Americas and Europe.
Sales of tickets for domestic flights in Brazil increased by 1.9% year-on-year in June, the Brazilian Airlines Association (Abear) reported.
The Fund revised its forecasts from April’s World Economic Outlook and now estimates a 0.3% GDP growth in Brazil this year, against the previous 0.2%. To Latin America, the numbers worsened but are stronger than 2016’s.
Such was the amount by which exports outpaced imports in Brazil during the third week of July. Average daily exports increased, while average daily imports went down.
Financial market players estimate prices will have increased by 3.33% in Brazil at the end of this year. Last week’s projection had been 3.29%.
Brazil’s Federal Public Debt widened to USD 1.06 trillion last month, up from USD 1.03 trillion in May, the National Treasury Service said in a report.
