The United Arab Emirates’ real estate developer profited US$ 770.5 million in H1 of this year. Real estate leasing and leisure business helped to improve the financial results.
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Financial institutions surveyed by the Brazilian Central bank believe that the benchmark interest rates will go up 0.5 percentage point in the next meeting of the Monetary Policy Committee and will close the year at 14.25%.
Footwear company registered growth in exports revenues in H1 of this year. However, the volume shipped decreased. Sales were concentrated on South America.
The price of the North American currency closed the day in the highest level since 2003 at R$ 3.34, impacted by the reduction of the primary surplus target.
Treaty confirmed this Friday was negotiated by 54 countries and foresees the abolition of taxes in three years. Brazil is not among them. The sector’s global market is valued at US$ 1,3 trillion.
According to data from the United Nations World Food Programme, food production remains well below the pre-conflict levels. Bread is 87% more expensive.
The United Nations agency opened its first ever office in the continent this week. Based in Ethiopia, it will seek to accelerate economic integration in the region.
Founded by a Lebanese, Brasil Supermarket already has two stores in the Arab country, in the cities of Riyaq and Chtaura. The clients will find food, drinks and clothing from Brazil and even have services in Portuguese.
UN’s envoy for the Middle East said that the coexistence of the two states is ‘further apart than ever’. He talked at the Security Council of the UN, which is debating the topic.
Foreign Trade Chamber decided to maintain for one more year the 6 to 0% tax reduction over non-alloy aluminum. Middle East’s nations are among the suppliers of the product.
The United Nations’ agency announced this Wednesday (22nd) an emergency response to stop the continuation of destruction of the cultural heritage of the Arab country, such as museums and historical mosques.
The pieces from the São Paulo-based brand Plié are shipped to two distributors in Lebanon. Besides the local stores, the products also go to eleven other Middle East and North Africa countries.
Decline in federal revenues due to economy downturn drove the government to slash estimation of the public sector’s surplus to 0.15% of the GDP in 2015.
The IBRD revised down its estimation on metals, agricultural products and the energy sector. Forecast for the average price of crude oil, however, went up from US$ 53 to US$ 57 per barrel.
