Technicians from the International Monetary Fund and delegates from ten Arab countries met in Beirut to discuss ways to improve tax and customs management.
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Industry weighed down on the country’s economy in quarter two with a 3.4% decline. In the twelve-month period leading up to June, GDP was up 1.4%.
The organization has accepted the Arab Chamber’s project to streamline and cut costs in product sales processes to Middle East and North Africa countries.
The projection is part of Brazil’s Budget Bill for next year. The minimum wage will be raised by 8.8% to US$ 348.18.
A survey conducted by Dom Cabral Foundation shows that Brazilian companies attained a higher rate of internationalization in 2013 than in 2012. Construction company Odebrecht now tops the ranking.
In the month, bonds worth US$ 35.9 billion matured. Besides, the month had less business days due to Brazil’s hosting of the FIFA World Cup, therefore less bonds were issued.
According to a survey conducted by the Getúlio Vargas Foundation, August was the eighth straight month in which the sector’s assessment of economic conditions worsened.
The volume of credit operations increased from June and reached nearly US$ 1.223 trillion. Funding to private individuals had the best performance.
Agreement allows clients from one company to book tickets via the other. In flights with layovers in São Paulo and Casablanca, travellers will not need to recheck their luggage.
The Arab Brazilian Chamber of Commerce presented a project for digital certification of origin and legalization of export documents. The system can cut expenses and shorten time for these services.
The result in the fourth week of August shows decline of US$ 214 million. Year-to-date, the deficit is running at US$ 785 million.
For the 13th consecutive week, financial institutions have revised down their estimate for Brazilian economic growth in 2014. The expected rate is currently 0.70%.
Brazil’s US$ 1.574 billion trade surplus in July has helped offset the US$ 6 billion negative result in transactions with foreign countries. Overseas spending by Brazilians, however, was a record.
The Brazilian financial institution posted a net income of nearly US$ 2.4 billion in H1 this year, up 68% from H1 2013. Return on equity was 8.53%.
