Conference on the future of the Brazilian economy will occur in October 24 in the city of São Paulo. The Arab Brazilian Chamber of Commerce supports the event and its members have a discount in the registration.
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Financial market increased its projection for Brazilian economy growth from 0.81% to 0.83%.
Gross Domestic Product (GDP) was fueled by industries including fertilizers, financial services, hotels and agriculture.
In auction on Tuesday, three port areas in Santos and Paranaguá ports were sold to the companies Hidrovias do Brasil, Aba Infraestrutura, and Klabin.
Financial institutions estimate that Selic will slid from 6% to 5% by the end of the year.
The Arab country now produces 630,000 per day, but the goal is to reach 690,000 barrels by the end of 2019. New discoveries will help.
Saudi Arabia’s state-run oil company released its first-half results for the first time. Net income was down 13%; free cash flow went up.
The Brazilian economy lost steam in Q2 from Q1, the Central Bank reported.
Brazilian state-owned company will focus its efforts in gas and oil exploration and production, said the company’s president Roberto Castello Branco.
Activity was down 1% in June from May in Brazil, and down 3.6% year-on-year in June, according to the Brazilian Institute of Geography and Statistics (IBGE).
Brazil shipped 7.9 million pairs, up 65% year-on-year. Revenues climbed 44% to USD 84.35 million.
Brazil saw USD 500 million invested in the industry in 2018, as per a report by the Federation of Industries of the State of Rio de Janeiro.
Out of 15 areas tracked by the Brazilian Institute of Geography and Statistics (IBGE), ten saw output go down last June.
The waterway connecting the Red Sea and the Mediterranean Sea yielded USD 6.3 billion for Egypt in the 2018-2019 fiscal year, which ended June.
