Sherif Ismail, the country’s Oil minister, has announced that output is expected to increase by over 14 million cubic metres per day.
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Morocco’s phosphate company OCP and Brazil’s Fertilizantes Heringer have announced that the former is acquiring a 9.5% to 10.5% stake in the latter.
Survey by the Foundation Getúlio Vargas shows that companies expect to spend less in comparison to previous 12-month period.
According to the International Monetary Fund, tourism and real estate sector are ensuring the economic recovery of the country.
Projection is from the Brazilian Export and Investment Promotion Agency, which is bringing foreigners to the country to establish contact with companies and watch games.
The auto parts manufacturing company from Rio Grande do Sul has inaugurated a distribution centre in Dubai to serve local clients. The enterprise plans on providing faster services and entering new markets.
Ibraf takes part in the World Cup Buyer Project with Apex Brasil. Project will bring 12 importers, including six Arabs, to meet Brazilian fruit and processed fruit producers during the Tournament.
Confrontations in the Anbar province, in the west of the country, have driven almost 480,000 people to leave their homes this year.
The Dubai-based airline has cancelled the purchase of 70 units of the A350 model aircraft, which should start flying toward the end of this year.
Country signed agreement with International Trade Centre. According to document Brazil will introduce measures to reduce bureaucracy and time spent in export and import operations to African nations.
The World Bank has revised down its growth estimate for developing economies from 5.3% to 4.8% and recommends further structural reforms.
The current Brazilian crop should produce 193.6 million tonnes, according to a National Supply Company survey. The volume is higher than last month’s forecast and up 2.6% from the previous harvest.
The volume shipped from Brazil to Arab countries increased to 655,000 60-kilogram bags from January through May. Revenues, however, were down 7.7%.
Weekly pool of analysts shows Brazilian GDP growth estimate of 1.44% for this year. Last week, estimate was 1.5%.
