Estimation by ECLAC points to weak growth for economies of the region in 2015. Among the countries with worst performances is Venezuela, which should see a retraction of 5.5%.
Dollar outflow overcame inflow in US$ 2.3 billion in July up to last Friday, according to the Brazilian Central Bank. This result was determined by the financial sector.
The Brazilian refractories manufactures closed a five-year supply agreement with Bahrain-based Sulb Steel. The Middle East and Africa account for 3% of the company’s revenue.
The announcement of the expansion in Jebel Ali was made this Tuesday (28th) in a press release. The first phase of Terminal 4 will add the capacity of 3.1 million TEUs by 2018.
The credit-rating agency kept the country’s ‘investment-grade’ but reviewed future outlook from ‘stable’ to ‘negative’.
The document explains current legislation to companies that operate abroad. Anti-corruption law punishes Brazilian companies that offer grafts to foreign government employees.
The countries in the region received US$ 43.9 billion last year. The United Arab Emirates were the main destination for the resources, with Kuwait as the largest investor.
The number went from R$ 2.496 trillion (US$ 743.8 billion) in May to R$ 2.583 trillion (US$ 769.7 billion) in June. Domestic indebtedness increased 3.81% with the external one declining 2.35% (in dollars).
Exports overcame imports in US$ 204 million last week. Of the four weeks of July, three of them registered a surplus.
The United Arab Emirates’ real estate developer profited US$ 770.5 million in H1 of this year. Real estate leasing and leisure business helped to improve the financial results.
Financial institutions surveyed by the Brazilian Central bank believe that the benchmark interest rates will go up 0.5 percentage point in the next meeting of the Monetary Policy Committee and will close the year at 14.25%.
The volumes were donated by the National Fund for Education Development to Brazilian communities that live in other countries, including Arab ones. High school textbooks were sent in the first semester.
Meeting at the Holy Spirit University of Kaslik (USEK) will address inequality and democracy in both regions. It will take place on October 1st and 2nd in Lebanon and will gather experts on the topic.
Footwear company registered growth in exports revenues in H1 of this year. However, the volume shipped decreased. Sales were concentrated on South America.
