Brazil’s dollar inflow surpassed the outflow in USD 4.3 billion last month, according to the Brazilian Central Bank.
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An index that tracks the costs of staple goods in Brazil dropped slightly by 0.02% in June from May. In the 12 months through June, however, the indicator slid by 4.6%.
The Africa Finance Corporation will lend USD 28 million to enable the start of production in the Halk El Menzel field, which is under concession to Tunisian company Topic.
According to a survey conducted by the Brazilian Institute of Geography and Statistics (IBGE), there was an increase of 0.8% over April ando f 4% over May of last year.
Foreign sales from Brazil to the region amounted to USD 5.6 billion in the first half of the month. Overall, the country saw a USD 36 billion trade surplus.
Brazilian production averaged at 2.5 million barrels per day in 2016, up 3.2% from 2015. Exports reached an all-time high.
The organization celebrates its anniversary this Sunday. ‘We have earned the respect of governments and of Brazilian and Arab business owners as an effective, transparent and fair partner,’ said president Rubens Hannun.
The sector’s foreign sales to the Arab countries generated USD 893,000 in revenues in May, well above the USD 286,000 from April. Overall, exports increased 10.5%.
Brazilian carriers registered a 6.9% drop in 2016, which came after 13 straight years of growth.
At the end of May there were 13.8 million unemployed persons in the country, according to the national household sampling survey from the Brazilian Institute of Geography and Statistics (IBGE).
An event organized by NGO Adus and Fundação Ema Klabin will happen tomorrow (1) featuring Arab, African and Colombian food, alongside typical Brazilian festa junina dishes. Ethnic items will be on sale.
The oil price slump and increasing imports have stemmed the influx of currency to the country. Foreign exchange reserves amount to USD 108 billion right now.
The Japanese group JTEKT will build its first plant in Africa and the Middle East in Tangier. The project’s first phase will require investments of EUR 15 million.
The National Monetary Council has set a 4.25% target for 2019 and a 4% one for 2020. The rate pursued by the federal administration had been 4.5% since 2003.
