Such was the contraction of Brazil’s Gross Domestic Product (GDP) compared with quarter one. As against Q2 2015, GDP shrank 3.8%. Year-to-date through June, it was down 4.6%, the national Statistics Institute said.
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Real revenues were up 0.66% from January through July, and 4.2% year-on-year in July, the industry association said.
The Brazilian oil company and its Norwegian counterpart entered into a deal to expand a partnership for bidding in tenders for oil and gas exploration blocks, and technological development.
The Arab Chamber’s vice-president of Marketing received a tribute given by São Paulo State Legislature for his work in favor of the Arab community.
Financial institutions in Brazil are expecting the Central Bank to keep the per-annum rate at 14.25% at a meeting due this week.
Firms will be required to register with the Egyptian government, especially those selling consumer goods and food. The Arab Chamber is the only body authorized to certify export papers.
An event in September will focus on challenges faced by females seeking gender equality in different countries. Delegates will come from Syria, Egypt, Lebanon, Tunisia, and Palestine.
This Friday, Suframa, the managing body of the industrial park in the Amazonas state capital, has approved expansion works and new projects that should lead to new jobs being created in the area.
The target number was included in an action plan that will be discussed by the leaders of the bloc in the September 4 and 5 China summit.
Expectations on United States’ interest rates continue to impact the financial market, which is also being influenced by the impeachment process in Brazil.
An Extended Fund Facility agreement provides for USD 723 million to be made available over the course of three years, with 10% of the amount withdrawable immediately.
Sales totaled USD 233 million in the first six months of this year. More than 7 tons of the metal were shipped.
Brazil’s deficit narrowed to USD 4 billion year-on-year last month, but the number is up from June’s. April and May ended on surpluses.
In the third week of the month, USD 3.557 billion in exports and USD 3.016 billion in imports led to a USD 541 million trade surplus for Brazil.
