The institution reported this Thursday (24th) that it expects Brazil’s Gross Domestic Product to shrink 2.7% in 2015. The previous estimate was 1.1%.
Brazilian companies attended a global honey industry expo and struck deals with importers from 31 countries, including four Arab nations. Two companies won prizes for their products.
Syria’s Talal Altinawi has raised US$ 17,200 on a crowdfunding website. Now, he will decide whether he will open a restaurant, a food truck or a takeaway store.
According to the Finance minister, Joaquim Levy, the current appreciation of the North American currency is a global trend and a problem not only to Brazil.
The Brazilian Central Bank has maintained its growth projection for credit operations in the country. As of August, consumers and corporations had R$ 3.13 trillion (US$ 780.2 billion) in loans taken out.
This Wednesday, businesswoman Julia de Biase opened Al Zahra, store dedicated exclusively to selling fragrances from the Middle East. Perfumes might cost as much as R$ 4,000 (US$ 964).
The company, which sells wood products, has grown 35% in the Arab market in 2015 and plans to expand even more until the year’s end. The most sold product is wood for pallets used in the oil industry.
Funding deficit and Israel’s blockade are some of the reasons that impact the development of the occupied territories.
The estimate for 2015 has been revised from US$ 81 billion to US$ 65 billion. The institution says foreign direct investment will be enough to finance the negative result in international transactions.
The Brazilian state-owned oil company reported that negotiations with Mitsui are in their final stages concerning the latter’s acquisition of a stake in the former’s gas industry subsidiary.
Brazilians spent US$ 1.2 billion in visits to other countries in August, according to data from the Brazilian Central Bank. It’s a decline of 46.2% over the same month of 2014.
S’ollér Brasil exports its products to nine countries in the Middle East and North Africa. The São Paulo-based company keeps a representative in Saudi Arabia and also its own store in Bahrain.
National Committee for Refugees (Conare) approved the extension of special regime for two more years. More than two thousand Syrians received asylum from Brazil.
According to the United Nations undersecretary general, nations in the region are overwhelmed by refugee influx and require more financial aid.
