Brazil’s National Federal of Industry output indicator dropped. Sentiment also worsened regarding employment, demand, exports and inputs.
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The Gulf country kicked off its Sahim project this Wednesday. The goal is to promote the use of clean energies. Presently, 96% of all electricity in the country is gas-based.
The increase took place in April over March with the debt reaching BRL 3.24 trillion (USD 988 billion), according to data from the National Treasure.
Project by Apex-Brasil and Abimóvel, the furniture sector association, took nine companies to the furniture trade show in Dubai, United Arab Emirates. The market is a promising one to the Brazilian industry.
An index from the First Abu Dhabi Bank shows that the outlook of major investors in the United Arab Emirates has improved this month. Tourism and a stable currency are fueling their optimism.
It was the second consecutive month that Brazil’s current accounts registered a surplus. It stood at USD 1.1 billion, driven up by the trade balance.
Travelers from Brazil spent USD 1.3 billion in other countries in April, up 23% from a year ago.
Drought in the Arab country will affect economic growth in 2017, according to the International Monetary Fund (IMF). Inflation is poised to exceed 3%.
The Middle East Stone Fair began this Monday (22) with companies from Brazil. The CEO of the Arab Chamber visited the trade show and believes the ornamental stone market is booming.
Exports outweighed imports again in the third week of May. Average daily exports increased by 3.3%, with imports going up 0.4%.
The financial market brought down its estimative for Brazil’s inflation for the 11th consecutive week. The forecast calls for an increase of 3.92% this year against the previous one that signaled 3.93%.
Registrations for the Zayed Future Energy Prize are open until July 6. The prize has five categories, from high school to large corporations. Total prizes reach USD 4 million.
The Brazilian Defense and Security Material Industries Association signed on to a memorandum of understanding for cooperation with the United Arab Emirates’ National Defense Company Council.
The International Monetary Fund is expecting the Brazilian economy to grow marginally in 2017 and then for growth to pick up to 1.7% in 2018.
