Net revenue was down 18.1% for the Brazilian conglomerate year-on-year in June. Year-to-date through June, net revenue declined by only 0.1%.
An exhibition at a local museum will feature the work of photographer Jacques Menassa. The pictures are from different periods in the life of the artist, who is based in Lebanon, but used to live in Brazil.
The Valeo group will build an industrial complex to make car parts in Tangiers. The facility will supply countries in Africa and the Middle East, with initial investment at 50 million euros.
They will participate in several events during the Rio 2016 Olympics. The Consulate General of Lebanon in Brazil is calling on the community to bring the national flag to the competition.
The IMF cut in 0.1 percentage point its estimates for the growth of global GDP for this year and the next.
The Council of Arab Ambassadors in Brasília offered a dinner in honor to the secretary general of the Ministry of Foreign Affairs (Itamaraty) Marcos Galvão. Arab Chamber representatives attended the event.
Exports promotion agency Apex-Brasil and Brazil Design Center opened registrations for companies interested in developing or tailoring products and packaging for exports.
Registrations for the Celpe-Bras will be open from July 27 to August 18. The exam will take place at the Brazil-Lebanon Cultural Center from October 18 to 20. Up to 20 people can take the test.
Such is the estimation of Brazil’s National Federation of Trade in Goods, Services and Tourism for spending by tourists in August and September, during the Rio Olympics and Paralympics.
The surplus was the result of USD 4.4 billion in exports and USD 2.9 billion in imports. Shipments increased, but foreign purchases declined.
Financial institutions polled by the Brazilian Central Bank believe policymakers will keep the interest rate at 14.25% at this week’s meeting, but slash the benchmark rate to 13.25% before the year ends.
The Arab, African and South American Library and Research Center is looking to hire personnel for positions including management, communication, cataloguing of art objects and language teaching.
Brazil exported 25% less to the United Arab Emirates and 33% less to Saudi Arabia in the first half of this year from the first half of 2015. The average price per pair of shoes to those countries also declined.
This Friday saw the launch of a 12-bed facility for patients with high-complexity heart conditions. The hospital was established by the Arab colony in Brazil.
