The Gulf country has been suffering the impacts of oil’s low prices and needs to reduce subsidies, contain expenditures and address impediments to private investment.
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The Brazilian state-run bank granted loans worth a combined USD 5 billion in the first quarter. Infrastructure projects got the bulk of funding.
Trade balance had a surplus of more than USD 1 billion last week. Foreign sales increased 7% in the period and 1.8% in the month.
According to the Brazilian National Treasury, the country’s debt widened to USD 807 billion in March from February.
According to the Brazilian National Treasury, the country’s debt widened to USD 807 billion in March from February.
Agricultural technology fair will have business matchmaking with importers from 17 countries, two of them Arab nations. The exhibition is scheduled from April 25 to 29 in Ribeirão Preto.
The event will take place in São Paulo next May, featuring what’s new in health industry products and services.
This is the amount of net inflows of foreign investments in the emirate’s financial market throughout this week.
The measure will be effective for six months and applies to a maximum quota of 1 million tons. The goal is to control domestic prices.
Import taxes on 251 machinery and equipment items were cut from 14% to 2%, with 24 computing items also having their import tariff slashed from 16% to 2%.
It’s the 14th consecutive decline, according to the Brazilian Central Bank. The 0.29% drop was over January. In comparison to February 2015, recession reached 4.54%.
Macaúba Brasil, a maker of hair-straightening products, has an order for Egypt and is making an effort to enter Saudi Arabia, UAE, Jordan, Tunisia and Iraq. Company wants to generate USD 500 million in profit abroad.
Mergers and acquisitions dropped 67% to USD 4.7 billion in Q1 this year, according to a survey from Thomson Reuters, in the weakest first quarter since 2014.
According to the Brazilian Central Bank, the deficit stood at USD 855 million in March. The Q1 deficit reached USD 7.591 billion.
