Banks estimate an inflation rate of 7.23% in Brazil this year. Last week’s forecast stood at 7.25%. The GDP forecast remains unchanged, signaling a decline.
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After five years of lower levels, price of the commodity is rebounding and is influencing Brazil’s exports to the Arab market. And it should continue on an upward path.
The event will happen on October 5 and 6. Panelists from several countries will get together to discuss funding for sustainable actions and implementation of the Paris Climate Agreement.
The index reached 69.9 points in September, an increase over August and also over the same month of last year.
Márcio Félix, a secretary to the Brazilian Ministry of Mines and energy, spoke for the admission of partners to explore areas under concession since 2010 to the state-run oil company Petrobras.
The amount will support job creation in the Upper Egypt region. The area is home to 67% of the country’s poorest people. The loan is part of a program that will transfer another USD 7.5 billion to the nation until 2019.
A conference next Wednesday will bring together authorities, specialists and executives from Brazil and Arab countries to address economics, trade, transportation, finance, and the halal market.
From January to August, there was a deficit of BRL 71.4 billion (USD 21.90), according to data from the National Treasure. The year’s target is a deficit of BRL 170.5 billion (USD 52.31 billion).
In a report, the International Monetary Fund says that reforms announced by the government should bring growth back, however, warns that they need the Congress’ support.
According to data from the institute of statistics, the herd expanded 1.3% from 2014 to 2015. It was the sharpest climb since 2011.
Business owner and now perfumer Julia de Biase created four perfumes with scents typical of the Arab world to sell in her stores in the city of São Paulo. She offers fragrances for men and women.
Revenues from external sales by the capital goods industry amounted to USD 696 million last month. It went up over the same month of 2015 and over July. But the sector’s trade balance is still in deficit.
Total credit operations in Brazil amounted to BRL 3.1 trillion in August, the same as in July. In the whole year, however, the Central Bank is expecting a contraction.
A forum was held to showcase projects in the Gulf country, which is on a revenue drive to make up for the oil price drop. The CEO of the Arab Brazilian Chamber of Commerce was a speaker.
