Drought in the Arab country will affect economic growth in 2017, according to the International Monetary Fund (IMF). Inflation is poised to exceed 3%.
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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.
The index surveyed by the National Confederation of Industry (CNI) registered 53.7 points in May with an improvement of 0.6 point over April.
Bookstore Livraria da Vila is organizing, for next Tuesday (23), a meeting on the current situation of people living as refugees in Brazil.
Since its inception, the African Development Bank has granted USD 845 million in loans to the Arab country, the bulk of which went to industry.
The ambassador of the United Arab Emirates, Hafsa Abdulla Mohamed Sharif Al Ulama, met with the Brazilian minister of Industry, Foreign Trade and Services Marcos Pereira in Brasília.
Production by Brazil’s state-run oil company started this Wednesday (17) in an area of the Santos Basin with FPSO vessel P-66.
Consumer confidence index declined 4.1% last month over March, According to the National Confederation of Retail Managers (CNDL), the negative news coverage and rising unemployment impacted the results.
Beautyworld Middle East ended this Tuesday in Dubai. The trade show featured 42 Brazilian companies via an industry project. The Arab Brazilian Chamber partnered up for promotion.
