Index by Fundação Getulio Vargas declined 6.5 points this month over June and stood at 136 points. Uncertainty, however, remains high.
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The manufacturing unit in the Relizane area is the carmaker’s first in the Arab country, the outcome of a partnership with the local group Sovac.
Concession contracts of the airports of Fortaleza, Porto Alegre, Salvador and Florianópolis will be signed this Friday (28) with payment at sight.
The UAE-based airline posted USD 1.8 billion in losses last year, primarily due to fuel hedge contracts and depreciation of aircraft and other assets.
The Brazilian mining company saw its revenues and profit go down in Q2 of this year. The Middle East accounted for 2.9% of the company’s businesses.
Gula, a company founded by Brazilian Fernanda Troy, is now selling up to 800 kg of Brazilian delicacies monthly. The entrepreneur wants to promote Brazilian culture in the UAE.
The Brazilian Central Bank (BC) reduced the benchmark interest rates from 10.25% to 9.25% per year, below two-digit number for the first time in almost four years.
Foreign sales of capital goods from Brazil increased year-on-year from January to June, 2017. In June alone, sales also went up, by 8.2%.
Weak revenue numbers were one of the reasons for the widest primary deficit on record for a first half in Brazil.
USD 6.05 billion worth of goods were shipped from Brazil to Middle East and North Africa countries in the first half of the year. Sales to Saudi Arabia, the United Arab Emirates and Algeria were up by over 10%.
Revenue from foreign sales from the North African country widened to USD 5.87 billion in the first half of the year. Imports also increased, leading to a wider deficit in industrial trade.
The federal government has presented three measures for the sector: the creation of an agency, modernization of the mining code and law improvement.
The UAE-based company carried 17.6 million containers in the second half of this year. The ports operator, which owns a terminal in Santos, Brazil, highlighted its performance in the Americas and Europe.
Sales of tickets for domestic flights in Brazil increased by 1.9% year-on-year in June, the Brazilian Airlines Association (Abear) reported.
