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Finance

20/10/2017 at 16:36h

Treasury Direct with more redemptions than investments

It occurred for the second consecutive month in September, when redemptions surpassed purchases of bonds in USD 486.6 million.

16/10/2017 at 14:30h

Egypt’s tax revenues up 55%

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The Arab country generated USD 5 billion in revenues in Q1 of the 2017/2018 fiscal year, which started in July. State-owned companies generated USD 906 million, while VAT collected USD 2.8 billion.

16/10/2017 at 12:53h

Inflation forecast from banks up

The inflation rate estimate from Brazilian financial market players moved up from 2.98% to 3%, with the GDP growth projection going from 0.70% to 0.72%.

13/10/2017 at 17:06h

Central Bank chair expects steady interest rate

Ilan Goldfajn said while speaking in Washington, DC that he believes inflation and interest rates will remain subdued in Brazil.

09/10/2017 at 13:00h

Assets held by UAE banks up 1.75%

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The country’s banking sector had USD 723 billion worth of assets in the first half of this year, the biggest amount of any Gulf Cooperation Council country and up 1.7% from the second half of 2016.

09/10/2017 at 12:30h

Inflation estimate up slightly

After six straight drops, the 2017 forecast from Brazilian financial market players changed up from 2.95% to 2.98%.

06/10/2017 at 12:41h

Inflation rate at 0.16% in September

The National Consumer Price Index (IPCA) ended last month below the 0.19% seen in August. From January to September, price increase in Brazil reached 1.78%.

04/10/2017 at 18:29h

State companies’ profit up 20%

Total gains of the five main Brazilian government-owned groups reached BRL 17.3 billion (USD 5.59 billion) in the year’s first six months.

04/10/2017 at 17:44h

BNDES plans to diversify portfolio with Arab partnership

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Paulo Rabello de Castro, president of the Brazilian Development Bank (BNDES), spoke at the Arab Chamber this Wednesday about a new phase for Brazil, in which the bank should invest in new sectors with Arab funds.

04/10/2017 at 15:42h

Brazil saw forex surplus in September

US dollar inflow exceeded outflow by USD 2.545 billion in the country last month, according to the Brazilian Central Bank.

02/10/2017 at 12:50h

Banks revise down inflation estimate

The Extended National Consumer Price Index (IPCA) forecast for this year from financial institutions polled by the Brazilian Central Bank changed down from 2.97% to 2.95%.

29/09/2017 at 16:54h

Number of millionaires in Middle East up 5%

There were almost 643,000 people with USD 1 million in assets or more in the region last year, although wealth there grew less than the global average. Brazil saw an 11% increase in number of millionaires.