The unemployment rate of the December to February period reached 13.2%, according to the Brazilian Institute of Geography and Statistics. Both the rate and the number of unemployed are records.
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A representative of the plastic industry machinery manufacturermet with an Egyptian buyer at Plástico Brasil last week. The manager is anticipating a competition with Asians.
Brazil’s minister of Agriculture, Livestock and Supply Blairo Maggi will visit several countries, Saudi Arabia and the United Arab Emirates, included.
Turkey, Lebanon, Jordan, Iraq and Egypt have taken in the majority of the people displaced by the civil war in Syria, which started six years ago.
If the projection proves true, then Brazil’s Extended National Consumer Price Index (IPCA) will be lower than the midpoint of the target range set by the monetary authority.
Food company Sfii sells olives to Brazilian buyers. It’s now looking to supply products like pepper and sundried tomatoes, and an executive hopes to invite Brazilian female executives to attend a forum in Egypt.
Such is the combined amount of planned and ongoing investments in new developments across the region. Passenger traffic exceeds capacity by 11%.
A research by the World Bank shows that MENA immigrants feel connected to their places of origin and want to contribute to their development. For 26%, their interest increased after the Arab Spring.
The sector slowed down in a comparison with December 2016. The only subsectors to see activity go up were information and communication.
Industry association Abimaq reported that revenue from foreign sales reached USD 607.23 million in February, a 4.2% increase over February 2016.
The Brazilian engineering company, whose partners include Omar Hamaoui of Rio Grande do Sul, is co-building the Mohammed bin Rashid Library, whose collection will comprise 4.5 million books, and smart city Silicon Park.
The Arab country’s industry shipped USD 6 billion worth of products last year, but it could see as much as USD 10 billion come 2020.
The minister of Energy said that the cuts in oil extraction are due to maintenance works, but underlined that the reduction should remain in place for the next two months.
The Brazilian state-run Federal Savings Bank posted USD 1.3 billion in profit last year, down from USD 2.3 billion in 2015.
