The Egyptian president said he plans on completing 656,000 units in two-and-a-half years’ time.
Browsing: Economy
The last of the three major rating agencies to strip Brazil of investment grade status on the back of deteriorating debt indicators.
The International Monetary Fund claims the country’s GDP grew less and debt widened in 2015. A minor economic recovery is expected this year.
Expenditure was down 62.5%, in January from a year ago. Meanwhile, spending by foreigners during trips to Brazil climbed 14.4%.
In the third week of February, Brazil’s exports outweighed imports by USD 565 million and increased comparatively with the second week.
A poll of financial institutions by the Brazilian Central Bank shows that the Gross Domestic Product is expected to shrink 3.4% this year.
Arab public and private sector leaderships will convene to discuss current problems and financial perspectives for the region on April 13 and 14.
An exhibition targeting small businesses in São Paulo will feature spaces for business and training. The Arab countries will be one of the topics on the agenda.
The Brazilian Ministry of Planning announced a USD 5.8 billion cut in an attempt at securing a primary surplus worth 0.5% of GDP at the end of the year.
Revenues from exports to the top two Arab buyers of Brazilian shoes increased in January from January 2015, industry association Abicalçados reported.
Such is the deficit Brazilian financial institutions believe the federal government will have posted by the end of 2016. The January forecast had been for a USD 17 billion deficit.
The company produced 333.4 million tons of iron ore last year, up 14.2 million tons from the preceding year.
Brazilian Central Bank index shows that in 2015 the economy slowed down to its poorest performance since 2003. The result is considered as a preliminary GDP result.
The Organisation for Economic Co-operation and Development forecasts modest recovery in developed countries and sluggish economies in emerging ones. Brazil should see 4% recession.
