The Brazilian-born architect Vincenzo Visciglia is getting ready to return to Brazil after a four-year stint in Dubai. In his luggage, he is bringing projects for opening a restaurant and clothes store chain.
Browsing: Economy
The country has climbed from the 19th to the 12th position in the World Economic Forum’s ranking. The Middle East and North Africa scenario is a ‘mixed picture.’ Brazil has lost one position.
US dollar outflows from Brazil exceeded inflows by over US$ 3 billion last month, according to the Brazilian Central Bank.
A report from the Unctad ascribes the lack of economic growth in the Palestinian territories of the West Bank and Gaza, including small GDP, high levels of poverty and unemployment, to Israeli action.
Petrobras chairwoman Graça Foster has made an early announcement that the Brazilian state-owned oil company’s output is expected to have broken a new record in August, at roughly 2.1 million bpd.
The amount will be used to ensure economic stability and foster inclusive growth in the Arab country. Money will be made available in US$ 74 million instalments.
The country’s GDP slowed down to 2% growth in quarter two this year, as against 2.8% in quarter two 2013. The external deficit widened.
Auto sales slumped in August from July, as per information from the National Motor Vehicle Distributors Association. August-on-August, sales dropped by 16%.
Hike was 0.7% from June to July, after a five-consecutive-month decline. Durable consumer goods drove the increase.
Brazilian foreign trade recorded a surplus for the sixth straight month in August and bounced back from year-to-date deficit for the first time in 2014.
Brazil’s economy should grow by 0.52% in 2014, if financial institutions’ forecasts prove true. This was the 14th consecutive downward revision of expectations.
The state-owned Saudi company will be one of the participating companies in Rio Oil & Gas. The fair will feature 1,300 exhibitors and 55,000 visitors are expected.
The US$ 217 million instalment is part of an agreement signed in 2013. The Fund says the economy is growing slowly, but acknowledges the fact that structural reforms are being implemented.
Watch in this episode: Arab ambassadors visit Santa Catarina state; how to welcome an Arab guest; Professor Claudio Jorge Monteiro from the FGV School of Economics; and the Apas supermarket trade fair.
