Sector turnover is expected to reach USD 313.2 billion within four years. Growth will be driven by expansion of the economy and the population, as well as tourism.
Browsing: Economy
The USD 3.934 billion surplus is the highest for an April since 2015, according to the Central Bank. The first four months of the year saw a primary surplus of USD 4.604 billion.
State-owned company decided to exercise its right in three areas of the Santos Basin. The company will be the operator with a minimum share of 30%.
OPEC members and other large producers decided to keep output cuts until March 2018.
Brazil’s National Federal of Industry output indicator dropped. Sentiment also worsened regarding employment, demand, exports and inputs.
The Gulf country kicked off its Sahim project this Wednesday. The goal is to promote the use of clean energies. Presently, 96% of all electricity in the country is gas-based.
The increase took place in April over March with the debt reaching BRL 3.24 trillion (USD 988 billion), according to data from the National Treasure.
An index from the First Abu Dhabi Bank shows that the outlook of major investors in the United Arab Emirates has improved this month. Tourism and a stable currency are fueling their optimism.
It was the second consecutive month that Brazil’s current accounts registered a surplus. It stood at USD 1.1 billion, driven up by the trade balance.
Travelers from Brazil spent USD 1.3 billion in other countries in April, up 23% from a year ago.
Drought in the Arab country will affect economic growth in 2017, according to the International Monetary Fund (IMF). Inflation is poised to exceed 3%.
Exports outweighed imports again in the third week of May. Average daily exports increased by 3.3%, with imports going up 0.4%.
The financial market brought down its estimative for Brazil’s inflation for the 11th consecutive week. The forecast calls for an increase of 3.92% this year against the previous one that signaled 3.93%.
Registrations for the Zayed Future Energy Prize are open until July 6. The prize has five categories, from high school to large corporations. Total prizes reach USD 4 million.
