The space put together by the Arab country during the 2016 Rio Olympics won the Cultural Promotion award from the city’s Trade Board. The house featured culture, fashion, and gastronomy activities.
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The decline in the second quarter of this year was the first since quarter three, 2014, the National Federation of Industry (CNI) said.
Exports of the product to the region declined 16% in volume this year up until August. The drop in revenues was even sharper because the coffee was sold at lower prices.
The United States currency closed up 2% this Tuesday (13). The oil price slump and global market trepidation also weighed down on stock markets.
The International Energy Agency slashed its consumption growth forecast for this year by 100,000 barrels per day and sees an even weaker expansion in 2017.
The program includes airports, maritime terminals, highways, railways, oil fields and energy companies. Auctions will take place this year and the next.
Sales from Brazil to the Arab countries climbed 17% in August from August 2015. Since the year began, the only increase had taken place in February. Sugar sales increased the most.
An increase in exports boosted Brazil’s foreign trade surplus in the last week. Revenues with exports totaled USD 3.4 billion. Year-to-date, the results are also positive.
Such was the net loss posted by the Qatar Investment Fund in the financial year ended June 30. The performance was imputed to low oil prices.
President Michel Temer ratified Brazil’s adoption of the Paris Agreement, which sets targets for the country to stop the rise of global temperature.
As per a Brazilian Central Bank poll of financial institutions, national Gross Domestic Product (GDP) is seen shrinking 3.18% this year. Last week’s projection had been 3.20%.
The inflation index IPCA reached this rate year-to-year according to an August measurement. The price increase surpassed the upper limit of the central government’s target, which is 6.5% per year.
Japan’s government will lend USD 2 million to the Arab country to be used in the reinforcement of security equipment in two airports.
Exports from Brazil to its two leading Arab buyers have declined in amount, total value and average price. Overall, foreign sales revenues for the Brazilian industry have gone up so far this year.
