The country has climbed from the 19th to the 12th position in the World Economic Forum’s ranking. The Middle East and North Africa scenario is a ‘mixed picture.’ Brazil has lost one position.
US dollar outflows from Brazil exceeded inflows by over US$ 3 billion last month, according to the Brazilian Central Bank.
A report from the Unctad ascribes the lack of economic growth in the Palestinian territories of the West Bank and Gaza, including small GDP, high levels of poverty and unemployment, to Israeli action.
Petrobras chairwoman Graça Foster has made an early announcement that the Brazilian state-owned oil company’s output is expected to have broken a new record in August, at roughly 2.1 million bpd.
Thiago Toes is working on a painting in a collector’s house in the emirate. He has already exhibited his artwork abroad twice, in the US, but expects this piece will open doors in the Arab world.
The amount will be used to ensure economic stability and foster inclusive growth in the Arab country. Money will be made available in US$ 74 million instalments.
The country’s GDP slowed down to 2% growth in quarter two this year, as against 2.8% in quarter two 2013. The external deficit widened.
Auto sales slumped in August from July, as per information from the National Motor Vehicle Distributors Association. August-on-August, sales dropped by 16%.
The international airport in the capital of the United Arab Emirates received over 1.7 million passengers in July. Muslim holiday fuelled influx.
Hike was 0.7% from June to July, after a five-consecutive-month decline. Durable consumer goods drove the increase.
The state-owned agency Apex is selecting enterprises with socially and environmentally impactful projects to meet with potential investors. Registrations are open until next Friday.
The company from the South of Brazil sells açaí cream and pulp to the United Arabs Emirates through the brand Amaçaí. They expect to increase shipments.
Brazilian foreign trade recorded a surplus for the sixth straight month in August and bounced back from year-to-date deficit for the first time in 2014.
Brazil’s economy should grow by 0.52% in 2014, if financial institutions’ forecasts prove true. This was the 14th consecutive downward revision of expectations.
