Brazilian association estimates a production of 1.175 million units in 2020. Domestic market drives up the industry. Exports are down.
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Number of residents in Saudi capital could skyrocket from 7 million to 14 million by 2030. Master plan envisions investments of USD 55 billion in the city.
Brazil purchased 47.6 million tonnes, up 5.4% from a year before. Fertilizers were the main item imported.
US currency was up 0.4% this Tuesday and closed at its highest value since December 2nd.
Global foreign direct investment flow totaled USD 1.39 trillion last year, down 1% from a year before. But in Brazil they increased 26%, in Saudi Arabia 9%, and in Egypt 5%.
Financial institutions have reduced their estimate for the National Extended Consumer Price Index (IPCA) from last week’s 3.58% to 3.56%.
During trip to the country for the Couromoda fair, businessman Mohamed Swayeb visited the Arab Chamber. He’s negotiating with two Brazilian brands.
US currency ended this Thursday at BRL 4.19, up 0.15% day on day.
UAE company provides air transport services for the oil industry.
MENA accounted for 20% of total portfolio flows to emerging financial markets from 2016-2018.
The 2019 economic growth estimate moved from 0.9% to 1.12%, and the 2020 estimate from 2.32% to 2.4%
Brazilian state-owned company announced a 3% reduction in diesel and gas prices, but the change might take a while to reach the consumer.
The forecast regarding the National Extended Consumer Price Index slid from 3.60% to 3.58% as per the Central Bank’s poll with financial institutions.
Trade balance deficit stood at USD 6.9 billion in 2019, a result of exports at USD 15.5 billion and imports of USD 22.5 billion.
