The Bellara complex will have an initial production capacity of 2 million tons of steel per year.
Browsing: News
The first week of the month saw exports from Brazil reached USD 2.403 billion, with imports amounting to USD 1.705 billion.
Indicator measured by Fundação Getulio Vargas declined 8.5 points from January to February and is at its lowest level since May 2015.
Shipments totaled 330,200 tons in February, a surge of 3.2%. Revenues had even better results: up 24% to USD 566.2 million.
Banks’ inflation forecasts for 2017 and 2018 remained the same. Next year’s inflation rate is expected to come at 4.5%. The forecast for the GDP signals a 0.49% growth.
The Egyptian ministers of Supply, Trade, and Investments made requests to the Arab Brazilian Chamber of Commerce’s president, Rubens Hannun.
A theme park that simulates a safari will rely on 14 vehicles supplied by the manufacturer based in Rio Grande do Sul, Brazil. The company plans to increase its sales to Arab countries.
Marconi Perillo of Goiás, Brazil went over prospective investment targets in his state. King Salman’s brother Muqrin Bin Abdulaziz Al Saud expressed willingness to work on ties with Goiás.
For the 22nd consecutive month, net job creation was negative according to the General Register of Employed and Unemployed Persons (Caged).
Foreign sales amount to USD 4.9 billion per year, according to Agricultural Export Council chairman Abdel Hamid Demerdash. Now, Egyptians are looking to cooperate with Brazil to increase yields.
Consumption went up in all four major sectors surveyed and in all five regions of Brazil. The biggest increase was in industry.
The Cairo Chamber is planning a business mission to Brazil this year. Arab Brazilian Chamber of Commerce executives discussed having seminars on the Mercosur-Egypt free trade agreement.
The result is the highest ever for a February in Brazil since record-keeping began in 1989. The USD 7.3 billion surplus year-to-date through February was also an all-time high for the period.
The minutes from the latest meeting of the Monetary Policy Committee show a willingness to accelerate cuts in the benchmark interest rate, which is now 12.25% per annum.
