The region’s GDP growth estimate has been lowered from 3.5% to 3%. Weak growth in Brazil and Mexico are partly to blame.
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The institution’s insurance arm is providing US$ 13.1 mn in guarantees to expansion works at the As-Samra sewage treatment plant, the country’s largest. The station will generate most of the power for its own functioning.
The telecommunications industry received R$ 5 billion (US$ 2.2 billion) in Brazil during quarter one this year, up 4.1% from quarter one 2012.
Brazil’s Foreign Trade has lowered the import tariff on front-end loaders, shovel loaders and backhoe loaders to 14%.
Five companies have already confirmed presence at Erbil International Fair, in a pavilion organized by the Arab Brazilian Chamber and the Apex. There is space for more and enrolment is open.
Net inflows to Brazil amounted to US$ 7.17 billion during the month. In the first half, inflows stood at US$ 30 billion, up 1%.
In the first half of the year, 54,500 foreign vehicles were sold in the country, 23% less than in the same period in 2012.
The balance between Brazil’s inflow and outflow of dollars generated a deficit of US$ 2.5 billion up to the 19th.
Foreign sales revenues amounted to US$ 5.3 billion. The balance of trade showed a US$ 558 million surplus.
A group of 200 Egyptians and Lebanese youths are in São Paulo this week for the missionary week, an activity prior to the World Youth Day. On Monday they walked the streets of São Paulo.
The article ‘Green tarmac wins roads,’ by journalist Isaura Daniel, is running up for the Brazilian Construction Industry Chamber Prize.
Financial institutions forecast growth of the Brazilian economy at 2.28% in 2013. The percentage represents a reduction over the previous estimate, which was 2.31%.
Since March, the Tyson Foods subsidiary has been selling chickens raised without animal protein in their diet to the Arab country. The Middle East and North Africa account for 35% of company exports.
Ahmad Alhendawi, the United Nations (UN) Envoy on Youth, will take part in event ‘Youths and Peace Culture,’ due on the 23rd in Rio de Janeiro parallel to the World Youth Journey. Registration is open.
