This is the value of investments in projects for the Olympic Games in 2016 which will be used by the population of the host city, Rio de Janeiro, after the games.
During a workshop at the Arab Chamber, Wilen Manteli, president of sector association, claimed that the amount is necessary to expand the current and build new terminals. Problems create losses of over US$ 5 billion.
A Provisional Measure passed by the Senate allows tax to be levied on profit earned abroad by domestic companies, even if the earnings are not nationalized. Attorney Luiz Felipe Ferraz says the rule renders treaties void.
The percentage was seen in February in a survey by the Brazilian Central Bank. There has been a deceleration in comparison to January.
Photographers André Joaquim and Leonardo Wen will spend five days in the Arab country, taking pictures of landscapes, places and people that will feature in a show alongside photos by Qataris who have been to Brazil.
Consumer protection organization will launch a website with consumer rights and useful phone numbers before the beginning of the World Cup matches. The portal will also have a channel for tourists’ complaints.
The United Arab Emirates purchased 111% more product from Brazil in quarter one this year. However, the average price per pair was down 37.4%.
The funds will be allocated to construction of an iron ore mining unit, with an annual capacity of 90 million tonnes, and of a railway line.
Index measured by CNI shows that the confidence of industrial entrepreneurs in the economy in Brazil dropped in April over March and reached the lowest level in the past five years.
Manufacturer of cotton processing and road transport equipment considers opening a sales unit in the Arab country. There is also the possibility of supplying a processing plant.
Exports increased by 0.4% in quarter one, but revenues were 11.5% lower than in the same period last year. The exchange rate was a factor.
The figure was a result of US$ 4.672 billion in exports and US$ 4.15 billion in imports last week.
Companies from four countries in the region will be present at Apas, in São Paulo, from May 5th to 8th, to sell products such as olive oil, tea, olives, spices and others. The Arab Brazilian Chamber promotes their participation.
Financial institutions polled by the Central Bank have revised up their growth projection for the Brazilian economy in 2014 from 1.63% to 1.65%.
