Brazilian women’s clothes brand designed its next collection based on images of handicraft from the Arab country. One of the main features of Brazoo’s products is manual embroidery.
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Historian Arlene Clemesha will expound on the Middle East’s history from the Ottoman rule until our days, on September 16th at the Arab Chamber. Registrations are open but slots are limited.
The Brazilian government’s regulating body has extended the tax exemption on imports of the industry input for another 180 days. The maximum quota is 282,500 tonnes.
The funds will be spent on ensuring food security in rural areas in the Arab country, plagued by crop failure and scarce supplies.
The official index was 6.51% in the twelve-month period ended August. Last month, the rate increased by 0.25%, as against 0.01% in July. Electricity tariffs and domestic workers’ wages drove the index up.
The region has gone from accounting for 3.9% in Brazilian foreign sales to nearly 5% year on year. Brands have strengthened their presence and business was less impacted by Chinese competition.
Savings deposits in the last month were the lowest figures for the month of August in the past eight years, according to the Brazilian Central Bank. Deposits surpassed withdrawals by nearly US$ 230.96 million.
Foreign sales of cars, trucks and buses were down 50.6% year-on-year in August. Revenues declined by 39.5%.
In July from June, use of installed capacity went from 80.4% to 81%, as per a survey conducted by Brazil’s National Confederation of Industry.
The Brazilian-born architect Vincenzo Visciglia is getting ready to return to Brazil after a four-year stint in Dubai. In his luggage, he is bringing projects for opening a restaurant and clothes store chain.
The country has climbed from the 19th to the 12th position in the World Economic Forum’s ranking. The Middle East and North Africa scenario is a ‘mixed picture.’ Brazil has lost one position.
US dollar outflows from Brazil exceeded inflows by over US$ 3 billion last month, according to the Brazilian Central Bank.
A report from the Unctad ascribes the lack of economic growth in the Palestinian territories of the West Bank and Gaza, including small GDP, high levels of poverty and unemployment, to Israeli action.
Petrobras chairwoman Graça Foster has made an early announcement that the Brazilian state-owned oil company’s output is expected to have broken a new record in August, at roughly 2.1 million bpd.
