Construction Confidence Index increased 0.1% in June after a decline in May. Businessmen from the sector estimate improved economic situation in six months.
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In 2014, the value of foreign sales of oil by member countries stood below US$ 1 trillion for the first time in four years.
Executives attending a lecture on the new system developed by the Arab Chamber believe export processing times and costs will be reduced.
A report from Unctad shows a worldwide decline due to a fraught global economic scenario. Developing countries saw stronger inflows than wealthy ones.
The Brazilian federal government announced a program designed to spur foreign trade this Wednesday and chose 32 priority countries, including the UAE, Saudi Arabia, Egypt, and Algeria.
The increase took place in Q1, according to the World Trade Organization. Exports went up 0.4% while imports increased 0.9%.
The Brazilian Central Bank’s Economic Policy director said the raising of the benchmark interest rate to 13.75% did not suffice to steer the price index toward the target’s 4.5% midpoint in 2016.
Applied Economics Research Institute points out that the government’s fiscal adjustments are taking their toll, as unemployment and inflation climb, but the benefits will only come in the medium-to-long run.
The four Phenom 100 jets will be used for pilot training at the airline’s school in Abu Dhabi. Another three purchase options of the same model could be exercised.
According to a survey from Brazil’s National Confederation of Industry, production and employment declined in May.
A press release issued this Monday (22nd) says the local government faces wage bill, balance of payments and international reserve maintenance issues. The country is also plagued by an energy crisis.
Brazilian exports exceeded imports in US$ 565 million last week. Year-to-date, the balance is also positive.
The amount stood at US$ 8.3 billion from January to May, a 21% drop over the same period of last year.
The financial market has revised its economic retraction projection for Brazil from 1.35% to 1.45% in 2015, as per a Central Bank poll of Brazilian banks.
