Report by Unctad on the continent says African growth is not sustainable as it is based on consumption. Organization calls on countries to invest in infrastructure, agriculture and industry.
The increase took place May-on-May. The demand amounted to 76 million cubic metres per day during the month.
The 13th round for oil and gas exploration blocks is scheduled to take place in June next year. Areas will be offered under concession system.
The products will be 100% Brazilian-made and should hit the market in 2017. The project involves Fiocruz, Instituto Vital Brasil and joint venture Bionovis, formed by Sem, Aché, Hypermarcas and União Química.
Decline was seen in June from May and was driven by price fall of agricultural goods.
During matchmaking at the Arab chamber, companies express interest in buying goods they do not import from Brazil yet. The items include dairy, maize and poultry for mechanical processing.
Brazilian government launches portal that brings information on how to export, import and invest in Brazil, besides logistic data. Goal is to gather there all the information regarding foreign trade.
Export revenues exceeded imports by US$ 2.365 billion last month. Year-to-date, the trade balance still shows a US$ 2.4 billion deficit.
Algerians would rather have beaten Germany, but still they celebrated the national team’s best World Cup performance yet.
Chairman of Egípcia Tour says that time visitors spend in the country and average expenditure are higher than average. Revenue from January through April grew by 22%.
Brazilian industry sales went from US$ 29.9 million in Q1 last year to US$ 34.3 million in Q1 this year. South America and Africa were the top buying regions.
May’s result was the worst for the month since the beginning of the historic series, in December 2001. In the twelve-month period, primary surplus amounts to 1.52% of the GDP.
For the fifth time straight, financial institutions have revised down their Brazilian economic growth estimates for 2014, to 1.10% to 1.16%.
The BB is launching a sharia-compliant fund in partnership with a Singapore bank. Brazilian companies’ shares will be traded in the Middle East and Asia.
