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.
Browsing: Economy
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.
Production reached 174,000 units in the month, down 19.5% from August this year and 42% from September last year.
The Fund says that the Brazilian economy will shrink even more in 2015. For the organization, the political crisis has an impact in the confidence of business and consumers.
Brazil’s Gross Domestic Product should fall 2.85% this year, according to banks’ estimation, the 12th straight time it shows worse data. Estimation is higher than last week’s, which stood at 2.8%.
The United States-based restaurant that serves Brazilian cuisine inaugurated its first franchise in the emirate. Located in the Mall of Emirates, the diner is the chain’s first one in an Arab country.
The event of the federal-owned storage and supply company in the city of São Paulo will have music and dance presentations and will serve typical dishes from several countries. Belly dancing is one of the attractions.
By the end of the year, state and municipal governments will get funding to foster exports. The measure is designed to offset losses stemming from export tax exemptions.
In the country, exports were higher than imports by US$ 2.944 billion, despite the fact that sales shrank from a year ago. Year-to-date in 2015, the country is running a US$ 10.2 billion trade surplus.
Foreign Trade Chamber cuts down tariffs of hazelnut without peel, partially oriented yarn, some types of stamping inks, cauterized aluminum sheet and polyvinyl butyral films. The products are lacking.
Report by the Brazilian Central Banks shows that financial institutions in Brazil can withstand shock effects in adverse scenarios such as changes in interest rates, foreign exchange rate and higher delinquency rate.
