Dresses by Helo Rocha are now on sale at five countries across the Middle East. Lebanon is the top destination for the brand, which is now looking to break into Saudi Arabia and Qatar.
Browsing: Economy
The CEO of Banco do Brasil said that alongside other banking institutions, the bank will finance bids by hydroelectric plants. The bidding is slated to begin in early November.
Exports overcame imports in USD 102 million last week. Year-to-date, the trade balance has a USD 11.128 billion surplus.
Respondents of a survey conducted by the Brazilian Central Bank among poll Brazilian financial institutions estimate the economy will contract by 3.02% this year. This is the 15th straight downward revision.
Amer Masarani, of the Oasis Solidário association, will discuss the situation of refugees in Brazil next Wednesday (28th), during the International Relations Week at Faculdades Integradas Rio Branco.
Weak economic activity was responsible for the decline of 4.12% in tax collection and social contributions in September, to USD 24.43 billion, over the same month of last year.
The rise of the US dollar relative to Brazil’s real inhibited expenditures in foreign currency, causing them to plummet in September. A USD 3 billion current account deficit was registered in the month.
The company from Santa Catarina sells to Saudi Arabia the type of towels to be used in the gym. The products are custom made and, in a year, account to 2% of the shipments sent abroad by the company.
The US currency closed at BRL 3.908, down 0.9% from a day earlier, but it has appreciated by 47% to date this year.
The Forum on Investment in Brazil and Brazilian Investment Abroad will outline the challenges facing the country when it comes to drawing foreign funds in. Discussion will take place next Tuesday (27th) in São Paulo.
The estimation was made by the government’s chief of staff, Jaques Wagner. New fiscal target will be officially presented by the government this Friday.
The Brazilian mining company spent USD 12.7 per ton of iron ore in Q3 of this year. It reported that it is the lowest cost in the world. The Middle East’s share in overall business declined.
Foreign sales of textiles and clothing amounted to USD 242 million from January to September. The industry is running a USD 1 billion trade deficit.
From this Wednesday (21st), Abu Dhabi Global Market, the emirate’s financial free zone, is accepting applications from local and international businesses interested in operating at the facility.
