The Fund increased from 1% to 3.5% the forecast for the decline of the Brazilian GDP in 2016. The president added that the causes of pessimism are political and not economic.
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The sum will be spent on infrastructure works at industrial zones in the Upper Egypt provinces Qena and Sohag.
The São Paulo State secretary for Culture, Marcelo Mattos Araujo, visited the organization in Abu Dhabi and talked exchange with CEO Abdullah Mohammed Al Rayes.
Eighty-eight Brazilian companies will be at the trade show from February 21 to 25 in Dubai. The Export Promotion Agency expects USD 659 million in deals. There will be an area for Arab Chamber members only.
According to the Federal Revenue office of Brazil, tax revenues reached 1.211 trillion in 2015, a decline of 5.62% over 2014.
It was the worst year since 1992, according to information from the Ministry of Labor and Employment.
Architect Vincenzo Visciglia is launching a store carrying decoration items and haute couture pieces in late February. The official launch will be in March and the clientele is the high-income public.
World circulation of foreign direct investments reached USD 1.7 trillion in 2015, an increase of 36% over 2014. Unctad says, however, that only a small fraction of this money went, in fact, to the productive sector.
The main index of the São Paulo Stock Exchange closed down on a day in which the world’s top markets tumbled due to the oil price drop.
Alaa Roushdy, the new Egyptian ambassador in Brasília, hopes that the free trade agreement between his country and the economic bloc can make the products of the Arab nation more competitive here.
Brazil’s National Supply Company forecasts that between 49.13 million and 51.94 million bags will be harvested in 2016. The amount will be second only to the harvest total in 2002.
The Brazilian executive received offers from the Arab fund for four of his businesses in the marine infrastructure, oil and gas, coal and mining industries.
Sales to the region’s countries totaled USD 218.5 million. In all, more than 1.5 million 60-kg bags were shipped.
The indicator for the consumption of households measured by the National Confederation of Commerce increased 1.3% from December to January.
