Watch in this episode: Brazil-UAE Economic Forum; International Arab Studies Week; Algeria, the only Arab country taking part in the 2014 World Cup; and a report about the Brazilian city of Curitiba.
Browsing: Economy
The Brazilian trade balance posted a US$ 338 million deficit last week, a US$ 2.041 billion deficit month-to-date in February, and a US$ 6.1 billion deficit year-to-date.
The Brazilian economic growth estimate for 2014 is down from 1.9% to 1.79%, as per the Central Bank’s weekly Focus bulletin.
Economist José Roberto Mendonça de Barros will discuss the outlook for the country to members of the organization. Registration is open.
According to Brazil’s National Electrical System Operator, such was the economy from the daylight saving time (DST). The demand for power was down 4% during peak hours. The DST ends next Sunday.
Three private companies are investing US$ 265 million into oil well drilling in the North African country. Another contract had been signed in January.
Revenues stood at US$ 416.56 million in 2013. The growth was driven by a 19% increase in rent prices at the industrial hub in the second half.
Revenues stood at US$ 416.56 million in 2013. The growth was driven by a 19% increase in rent prices at the industrial hub in the second half.
The deal involves latest-generation aircraft. India’s Air Costa will pay US$ 2.94 billion for the planes, which are due to start flying in 2018.
In 2013, government-owned companies invested US$ 47 bn, the highest sum since records started being kept, in 2000. The 16 companies comprising Grupo Petrobras disbursed a combined US$ 41.1 bn.
Dollar inflows to Brazil exceeded outflows by US$ 46 million last week, according to the Central Bank.
The country has pledged to invest the equivalent of U$S 4.8 billion in infrastructure and social programs. The funds will be supplied by the United Arab Emirates.
Brazilian exports of basic, semi-manufactured and manufactured goods declined in the first week of the month, while imports increased. The deficit stood at US 1.7 billion.
Last year, 34.9 million tonnes worth of cargo were handled at the facility. Containers alone amounted to a combined 26.15 million tonnes, up 61% from 2012.
