Algeria’s government-run oil company intends to increase national reserves and step up oil and gas output.
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The Brazilian Ministry of Finance sees the economy growing by 0.5% this year, down from a prior forecast of 1%.
Official rate went up 0.15% in March. The price increase year-over-year is near the center of the established target of 4.5%.
Loans made by the Brazilian Development Bank (BNDES) totaled BRL 10 billion (USD 3.23 billion) in January and February, a decline of 16% over the same months of 2016.
The index measured by the National Commerce Confederation for Goods, Services and Tourism increased 0.9% in March over the same month of last year.
The Arab Chamber will mark the date with an arts and crafts exhibition at a São Paulo Metro station starting next Saturday (25). A thoroughbred Arabian horse race at the city’s Jockey Club is also scheduled.
Last week saw the country run a USD 1.437 billion surplus, the result of USD 4.262 billion worth of goods exported and USD 2.825 billion in imports.
A poll of Brazilian banks shows the price increase estimate for the country this year slashed for the second time in a row, this time from 4.19% to 4.15%.
The Federation of Muslim Associations in Brazil (Fambras) reported a 12% increase last year. For the federation’s president, Mohamed El Zoghbi, there’s a continuous demand for Brazilian products in the Arab countries.
Inflation as measured by the Weekly Consumer Price Index (IPC-S) declined in most of the seven capitals surveyed among the first and second week of March.
Five natives of Syria living in Brazil under refugee status are selling items at the exhibition taking place until Sunday at mall Shopping Center 3. They’re offering perfumes, purses, T-shirts, decoration items, etc.
For the first time since April 2015, the number of workers hired surpassed that of workers dismissed in February this year. The job surplus was 35,612.
The assessment was made by the IMF. After growing 2% in 2016, the country’s economy should see modest growth driven by a rebound in exports, tourism and remittances from abroad.
The Brazilian government will collect USD 1.17 billion as a result of airport concessions in Fortaleza, Salvador, Florianópolis and Porto alegre.
