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Brazilian companies should travel to Algeria and Egypt in the first quarter of 2016. The postponement is due to schedule conflicts between the Brazilian minister Armando Monteiro and the companies.

Exports of the Brazilian product to Middle East and North Africa countries generated USD 175.2 million in revenues this year until October. Shipments grew less at 1%, according to the exporters’ council.

Sabbagh founded the Arab Studies Department at Rio de Janeiro Federal University and was monsignor of the Melquita Greek-Catholic Church in Rio de Janeiro. He died on Sunday, at 95 years old, due to pneumonia.

Forecast was made by financial institutions surveyed by the Central Bank and was the 17th consecutive result pointing to a worsening of the indicator. The forecast for inflation also went up.