The French carmaker has been manufacturing automobiles in the country for 20 years now. Some of the output gets shipped to Latin America and Africa.
Deals worth USD 1 million were signed in the emirate and the estimate for the next 12 months surpasses USD 3.5 million. The trade fair The Big 5 ended this Thursday.
Brazil’s National Treasury, Social Security and Central ran a combined BRL 9.45 billion (USD 2.44 billion) primary surplus, the widest for an October since 2016.
December 4 will see the termination of the mechanism guaranteeing that foreign investors could pull out their money in dollars after selling their investments in Egyptian securities. The move could allow more volatility for the Egyptian pound.
The number of jobless workers slid in August-October from 12.3% in May-July, according to the Brazilian Institute of Geography and Statistics (IBGE).
Not that many brick-and-mortar stores sell Muslim women’s clothing in Brazil. Still, the domestic industry is going strong, with a new batch of designers coming up and online sales.
A delegation of manufacturers of plastic products for construction and home appliances visited The Big 5 expo and took part in B2B meetings with Pakistani entrepreneurs with businesses in the UAE.
Oil and gas production averaged 3.34 million barrels of oil equivalent per day for the Brazilian state-run oil company in October.
On the eve of the bloc’s summit, in Buenos Aires, OECD reported that exports rose only 0.3%, with imports up 0.7%, a reflection of protectionist measures taken by the member countries.
The country was set to host the UN Climate Conference summit next year, but backtracked due to ‘fiscal and budget constraints’ and to the ‘transition process to the newly-elected administration’.
Saudi Arabia has cleared Brazilian genetic material imports for the first time. The Arab Chamber CEO expects to see bovine genetics exports to Arab countries climb by 30% in 2019.
Production capacity reached 167 million tons last year, up 7% over 2016.
The sector grossed BRL 65.1 billion (USD 16.8 billion) from January to October, up 7.7% compared with a year ago.
The property developer has announced that it will sell some of its Dubai hotels to Abu Dhabi National Hotels.
