The Abu Dhabi-based airline is using the funds to purchase aircraft and invest in companies it holds stakes in.
Browsing: Economy
The tax break may entail import tax exemption for models fuelled by combustion and electrical power. The tax rate will hinge of each vehicle’s energy efficiency.
The forecast concerns the next 12 months and was issued by companies attending the matchmaking event held during exhibition Rio Oil & Gas, in Rio de Janeiro.
The Abu Dhabi-based holding company grossed US$ 4.35 billion in H1 this year. Operations carried out in the period include the acquisition of a stake in Brazil’s Porto Sudeste.
Sales from Brazil to the region amounted to a combined US$ 1.2 billion in August, up only 0.76% from August 2013. Imports, on the other hand, soared by 141%.
The United States’ currency sold for R$ 2.35 this Wednesday (17th), following the Federal Reserve’s confirmation that it should wind down economic stimulus measures.
More US dollars entered than left Brazil last week, reversing the negative result recorded in the first week of September.
Demand for credit is up 0.7% in August from July, according to Serasa Experian’s indicator. Year-on-year in August, demand was up 6.2%.
The study notes, however, that undernourishment has declined. Brazil has reached goals and is considered an international role model in fighting hunger.
Confidence is down 7.7 points in September from September last year, according to a survey by the National Confederation of Industry (CNI, in the Portuguese acronym).
The surplus during the period was US$ 57 million. Month-to-date, however, the trade balance is still running a US$ 714 million deficit.
The Brazilian Ministry of Mines and Energy has confirmed the 13th round of tenders for exploration of oil and natural gas for the first half of 2015.
Projection was made by financial institutions polled by Central Bank. Last week Brazilian GDP was estimated to grow by 0.48%.
Tanger Med 1 has climbed from 72nd to 55th among the world’s largest maritime facilities, according to the British magazine Container Management. Cargo throughput was up 40%.
