The Fund expects the country’s economy to grow 1.4% this year. Forecast was revised down in 0.4 percentage point over July’s estimate.
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The Brazilian company manufactures a wide range of polymer products to the medical, cosmetics and home appliances fields. It has been in the Arab markets of Morocco, Egypt, Jordan and expanding to the Gulf.
Brazil’s trade surplus in October’s first week was the result of USD 5 billion in exports and USD 3.7 billion in imports.
Financial institutions are expecting prices to increase 4.4% this year. Last week’s forecast pointed to a 4.3% inflation rate.
The Future Investment Initiative will run from October 23 to 25 in Riyadh and executives from major multinational corporations will attend. The event is held by Public Investment Fund, a Saudi Arabian sovereign fund.
The international leg of the premier coffee competition in the world will take place in Guaxupé, in southern Minas Gerais.
The Arab Chamber and the Sebrae-RO will hold a workshop to small and medium-sized companies on October 15, in the capital Porto Velho.
The country wishes to host the UN Climate Change Conference in November of next year.
The aim of these investments throughout the next few years is to maintain and even expand the country’s spare oil production capacity.
The state-owned oil company has paid a BRL 2 billion (USD 540 million) debt with Banco do Brasil, which had a 2020 due date.
The institution slashed its forecast for the Brazilian economy in 2018 from 2.4% by half, to 1.2%.
The Extended National Consumer Price Index (IPCA) went up after a deflation in August, according to statistics institute IBGE. Transportation had the biggest impact in the rate.
Foreign sales totaled USD 71.4 million in September, a drop of 26%. However, exports to the United Arab Emirates rose.
Syrian-Lebanese sisters Maha and Souad Mamo were the first stateless persons to be recognized as citizens in Brazil, in June of this year.
