Estimation by ECLAC points to weak growth for economies of the region in 2015. Among the countries with worst performances is Venezuela, which should see a retraction of 5.5%.
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Dollar outflow overcame inflow in US$ 2.3 billion in July up to last Friday, according to the Brazilian Central Bank. This result was determined by the financial sector.
The Brazilian refractories manufactures closed a five-year supply agreement with Bahrain-based Sulb Steel. The Middle East and Africa account for 3% of the company’s revenue.
The announcement of the expansion in Jebel Ali was made this Tuesday (28th) in a press release. The first phase of Terminal 4 will add the capacity of 3.1 million TEUs by 2018.
The credit-rating agency kept the country’s ‘investment-grade’ but reviewed future outlook from ‘stable’ to ‘negative’.
The countries in the region received US$ 43.9 billion last year. The United Arab Emirates were the main destination for the resources, with Kuwait as the largest investor.
The number went from R$ 2.496 trillion (US$ 743.8 billion) in May to R$ 2.583 trillion (US$ 769.7 billion) in June. Domestic indebtedness increased 3.81% with the external one declining 2.35% (in dollars).
Exports overcame imports in US$ 204 million last week. Of the four weeks of July, three of them registered a surplus.
The United Arab Emirates’ real estate developer profited US$ 770.5 million in H1 of this year. Real estate leasing and leisure business helped to improve the financial results.
Financial institutions surveyed by the Brazilian Central bank believe that the benchmark interest rates will go up 0.5 percentage point in the next meeting of the Monetary Policy Committee and will close the year at 14.25%.
Footwear company registered growth in exports revenues in H1 of this year. However, the volume shipped decreased. Sales were concentrated on South America.
The price of the North American currency closed the day in the highest level since 2003 at R$ 3.34, impacted by the reduction of the primary surplus target.
Founded by a Lebanese, Brasil Supermarket already has two stores in the Arab country, in the cities of Riyaq and Chtaura. The clients will find food, drinks and clothing from Brazil and even have services in Portuguese.
The pieces from the São Paulo-based brand Plié are shipped to two distributors in Lebanon. Besides the local stores, the products also go to eleven other Middle East and North Africa countries.
