Growth forecasts have been edged down from 3.3% to 2.8% in 2015 and from 4% to 3.9% in 2016. Weakening demand, falling commodity prices and exchange rate volatility are some of the reasons.
Browsing: Economy
At an Arab Chamber event, executives representing Emirates SkyCargo and MSC discussed the top procedures businesses must observe when it comes to shipping their goods internationally.
Year-to-date losses are the highest since 1997. In comparison with August of last year, performance improved.
The airport handled over 2.2 million people in August, the highest traffic ever for the month. The end of school recess was one of the reasons for increased traffic.
Issuing of bonds pegged to the benchmark interest rate drove the Brazilian debt to R$ 2.6 trillion (US$ 653.6 billion) last month, up 3.1% from July.
The 2015 economic shrinkage projection from Brazilian financial institutions has gotten worse. As of last week, a 2.7% decline was expected, based a Central Bank poll.
Marcelia Bou Chebel owns Arpoador, a store in the city of Mazaraat Yachouh that sells bikinis and swimsuits designed by Marcelia herself, which have become a hit among young Arab women looking for colorful attire.
TV Brasil’s Ver TV program presents this Friday analyses and interviews about coverage of the issue by major news outlets. Academics and journalists were invited for the debate.
The measure aims to hold back the price of the North American currency, which reached R$ 4.24 on Thursday. It closed the day at R$ 3.99.
The institution reported this Thursday (24th) that it expects Brazil’s Gross Domestic Product to shrink 2.7% in 2015. The previous estimate was 1.1%.
Syria’s Talal Altinawi has raised US$ 17,200 on a crowdfunding website. Now, he will decide whether he will open a restaurant, a food truck or a takeaway store.
According to the Finance minister, Joaquim Levy, the current appreciation of the North American currency is a global trend and a problem not only to Brazil.
The Brazilian Central Bank has maintained its growth projection for credit operations in the country. As of August, consumers and corporations had R$ 3.13 trillion (US$ 780.2 billion) in loans taken out.
This Wednesday, businesswoman Julia de Biase opened Al Zahra, store dedicated exclusively to selling fragrances from the Middle East. Perfumes might cost as much as R$ 4,000 (US$ 964).
