The Brazilian minister of Development said the balance of trade should register a USD 15 billion surplus by the end of 2015, and expects a surplus of double that amount next year.
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In a statement this Wednesday (14th), CEO Aldemir Bendine expressed optimism regarding the future of Petrobras. He will improve governance in a bid to restore the image of the state-run oil company.
From January to September, exports from Brazil to the United Arab Emirates were up 17.5%, whereas overall, foreign sales dropped 12%. Exports to Saudi Arabia, the region’s leading buyer, dropped 2.2%.
Runway and signs at the São Paulo International Airport underwent modifications to welcome the world’s largest passenger aircraft. The Aviation Authority is reviewing papers and Emirates is preparing a demo flight.
Watch in this episode: Islamic finance creates more business opportunities.
Average daily foreign sales from Brazil increased 0.2% from a year ago and 3.8% from September 2015.
The loan’s term is ten years and, according to the company, represents an advance of 2016 funding operations.
Financial institutions believe the country’s economy will shrink 2.97% this year. Last week, estimation pointed to a 2.85% drop.
The International Monetary Fund suggests improvements in the business environment, increased investment in education and changes in the labor market.
So says the World Bank, whose estimates are US$ 170 billion for Syria and US$ 100 billion for Libya. The institution has announced a new strategy for the Arab World.
Round of bids for 266 oil exploration blocks closes with 37 blocks sold to companies in seven countries.
Poultry processing company, owner of the Sadia brand, signs memorandum of understanding to acquire part of a frozen food distributor in the Gulf country.
According to the Brazilian Institute of Geography and Statistics (IBGE), the only Brazilian states in which industrial production increased were Ceará, Santa Catarina, Minas Gerais and Rio de Janeiro.
In its Trade and Development 2015 report, the UN agency suggests a long term agenda with the creation of a world central bank and an international currency to replace the dollar.
