On May 8, the Brazilian state-run oil company Petrobras surpassed 1 million oil barrels of oil equivalent (oil and natural gas) per day extracted in the pre-salt layer.
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Investe SP, an agency from the state’s government, is negotiating with the UAE to open a distribution center for products from São Paulo in the region.
International Monetary Fund staff met with local authorities and suggested measures to enable the country to borrow, support the poor and reduce its debt.
May’s index went up 0.3% over the previous month. In comparison to May 2015, however, there was a decline of 7.2%.
Installed capacity utilization rate stood at 76.9% in April, below 77.2% in March, according to a survey by the industry confederation.
Brazil’s Ideal struck a deal with an exporter/importer in the Arab country to place its products at salons and spas. It is also looking to export to five other countries in the region.
Purchases of clothing abroad declined 60% in April over the same month of 2015, according to the sector’s association.
A proposal for holding a business conference in September was discussed by Arab Chamber executives and Egyptian government officials in Cairo.
Brazil’s surplus stood at USD 6.437 billion, the best result for the month since 1989. Exports dropped 0.2% in comparison to the same period of last year. Imports declined 24.3%.
Brazil’s Gross Domestic Product reached BRL 1.47 trillion from January through March as per a survey from the Brazilian Institute of Geography and Statistics (IBGE). All three sectors of economy contracted.
ClassApp is a platform for families and schools to communicate. Designed by Brazilian engineers and used by 100-plus schools, it is available in other countries and might be used in the Middle East.
The autonomous region in the North of Iraq is receiving more refugees and internally displaced people due to the conflicts in the region, but it can resume inclusive growth, according to the World Bank.
Brazil’s Federal Revenue has enacted a rule slashing the withholding tax on cash remittances to foreign countries for purposes of covering personal expenditures.
After two consecutive months with a deficit, the consolidated public sector registered a surplus in April.
