The Arab country is expecting a USD 79 billion deficit this year, which is less than previous expectations of USD 87 billion. Government expenditures decreased and revenue exceeded estimates.
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The new plant will produce 100,000 tons of beauty products per year, 80% of which will be exported to Arab, African and European countries. The plant had investments of EUR 250 million.
Such is the increase in prices that consumers in the country are expecting in the next 12 months.
The close relationship between the Sharjah emirate and the São Paulo International Book Biennial can create opportunities for the exchange of copyrights between Brazilian and Arab publishing companies.
The debt from BRL 3.032 trillion (USD 910 billion) in October to BRL 3.092 trillion (USD 928 billion) in November, according to data from the National Treasury.
The goal is to foster jobs creation and growth in the Arab country. The African Development Bank has made USD 500 million in financing available.
The Brazilian Central Bank expects the country to register a trade surplus of USD 44.5 billion this year against the previous forecast of USD 49 billion, due to the decline in exports.
The manufacturer from Rio Grande do Sul state has been exporting to the Middle East for 5 years. This year, the country was the company’s main client abroad.
Brazilian travellers spent a combined USD 1.2 billion in other countries in November, the lowest amount since May. Brazil’s current account deficit last month was lower than expected.
The Immigration Museum of São Paulo State and the university ESPM launched a digital collection with content produced by immigrants since the 1990s. In all, 119 initiatives have already been registered.
Federal tax revenue in Brazil reached USD 30.2 billion last month, an amount 0.1% higher in real terms than in November 2015.
Output in the 2016/2017 harvest season will be 694.5 million tons, as per the projections of Brazil’s National Supply Company.
The dean of the Council of Arab Ambassadors in Brazil, Ibrahim Alzeben, and the CEO of the Arab Chamber, Michel Alaby, visited the state and met with representatives from the government and private sector.
The Arab billionaire’s Orascom TMT has put forward an alternative debt restructuring plan for the Brazilian telecommunications company.
