Such was the net loss posted by the Qatar Investment Fund in the financial year ended June 30. The performance was imputed to low oil prices.
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As per a Brazilian Central Bank poll of financial institutions, national Gross Domestic Product (GDP) is seen shrinking 3.18% this year. Last week’s projection had been 3.20%.
The inflation index IPCA reached this rate year-to-year according to an August measurement. The price increase surpassed the upper limit of the central government’s target, which is 6.5% per year.
Japan’s government will lend USD 2 million to the Arab country to be used in the reinforcement of security equipment in two airports.
Exports from Brazil to its two leading Arab buyers have declined in amount, total value and average price. Overall, foreign sales revenues for the Brazilian industry have gone up so far this year.
The company finalized the arrangements for the sale of NTS, which operates its network of gas pipelines in Brazil’s southeast.
The ‘abayana’ is the creation of dancer Martina Cancio, who turned her hobby of fashion design into a business. The piece is a mix of the Arab abaya with the lightness and colors of the Brazilian state of Bahia
New financing conditions for foreign sales have been approved by the Brazilian Development Bank (BNDES), mostly targeting companies in the USD 28.16-USD 93.87 million per year revenue range.
From January to August, the country shipped 312,396 fully assembled vehicles, up 19.6% over the same period of 2015. Foreign sales of agricultural and heavy machinery declined 11.7% in the same comparison.
The meeting is scheduled to November 7 and 8 in Dubai with a focus on healthy diet to help reduce the incidence of nutritional habits-related diseases in the United Arab Emirates.
In the month’s first two business days, Brazilian exports totaled USD 1.49 billion, with imports reaching USD 1 billion. The resulting surplus was USD 489 million.
The Brazilian government authorized the 4th tender for marginal wells, i.e. those where extraction is not profitable for operators, but could be for smaller companies. No date has been set yet.
Financial institutions polled by the Brazilian Central Bank forecast a decline of 3.20% of Brazil’s GDP this year, above last week’s estimate of 3.16%.
In July, 3.255 million barrels of oil equivalent per day were produced in the country, with extraction levels going up for both commodities.
