Browsing: Economy

Culture, trade and sports are among the themes of event ‘O Brasil Árabe’, from September 26th to 30th, in the city of São Paulo. Talks, shows and exhibitions cover the Arab contribution to Brazil.

Financial market forecasts a lower rate of increase for the Brazilian economy in 2012. The projection was revised downwards for the seventh consecutive week. The previous rate was 1.62%.

Sales to the region were US$ 9.3 billion in the accumulated result for this year up to August, as against US$ 9.6 billion in the same months in 2011. Sugar and iron ore boosted the performance.

This Thursday (13th), the European Union made a proposal to the Egyptian president Mohamed Morsi, who is currently on a visit to the continent. Up to 700 million euros may be loaned.