The public sector deficit stood at US$ 5.93 billion in August. The US$ 4.1 billion year-to-date surplus falls short of the government’s target.
Voting machines will be available in cities in 89 nations. Riyadh, Doha, Abu Dhabi, Cairo, Amman, Kuwait City, Beirut, Rabat, Ramallah and Tunis are in the list.
Brazil’s Finance minister Guido Mantega has announced that tax credits will be given to manufactured goods exporting companies as of October. The goal is to increase foreign sales.
Technicians from the International Monetary Fund claim the country is doing well economically, but must reduce dependency on oil and cut spending.
Six enterprises from Bahrain, Saudi Arabia and Emirates are in the World Economic Forum’s community of global growth companies, i.e. businesses that have exhibited above-average performance.
The Brazilian Central Bank has lowered its growth estimate for Brazil’s Gross Domestic Product this year to 0.7%. Previous estimate stood at 1.6%.
Whoever takes office will need to put Brazil back on growth track. For such, they will need to invest in infrastructure, embrace sustainable development, increase legal safety, cut taxes and make reforms.
BAC, a company owned by Paulo Hegg and Gilson Pinesso, should harvest 45,000 hectares of the product in the country next year, at the local government’s request. Plantations will be irrigated and the harvest will be used as chicken fodder.
In a speech at the United Nations General Assembly, Hassam Sheik Mohamud said that drought, high food prices and lack of security are affecting over three million people.
According to a report released by the UNHCR, the two countries were the main issuers of asylum seekers to industrialized countries in the first half of the year, when the number of refugee status requests rose by 24%.
The United Nations has denounced speculative funds like those that purchased Argentinean government bonds. The draft resolution was tabled by Argentina and approved by Brazil.
The Central Bank has maintained its forecast for the year. In the 12-month period ended August, credit was up 11.1%. The government’s credit incentive measures have prevented further decline.
The member of the World Bank Group is providing a US$ 2 million loan to the Lebanese Association for Development. The amount will be used to expand small business and women-run companies.
At an industry fair in São Paulo, the Brazilian Tourism minister Vinícius Lages said his ministry should work in tandem with other government organizations to promote the country as a tourist destination in the Arab world.
