Oil and Gas
Algeria’s government-run oil company intends to increase national reserves and step up oil and gas output.
The Brazilian Ministry of Finance sees the economy growing by 0.5% this year, down from a prior forecast of 1%.
The growth was driven by an increase in Chinese and Russian visitors due to the new visa policies put in place by the United Arab Emirates for those countries.
Official rate went up 0.15% in March. The price increase year-over-year is near the center of the established target of 4.5%.
For the first time a buyer from the African country was invited by the Buyer Project of the Brasil Machinery Solutions, machinery and equipment trade promotion program.
Loans made by the Brazilian Development Bank (BNDES) totaled BRL 10 billion (USD 3.23 billion) in January and February, a decline of 16% over the same months of 2016.
‘We’re committed to transparency and engaged in the search for clarifications so all parts interested are informed on the course of events,’ said the organization’s president, Rubens Hannun.
The index measured by the National Commerce Confederation for Goods, Services and Tourism increased 0.9% in March over the same month of last year.
To corporate associations, isolated cases cannot ‘contaminate’ the industry’s image as a whole. President Michel Temer says that operation Carne Fraca is investigating only 21 slaughterhouses out of 4,800.
Last week saw the country run a USD 1.437 billion surplus, the result of USD 4.262 billion worth of goods exported and USD 2.825 billion in imports.
The launching, to be made from the French Guiana, was scheduled for Tuesday, but it was later shifted. It will be the first Brazilian geostationary satellite for civil and military purposes.
A poll of Brazilian banks shows the price increase estimate for the country this year slashed for the second time in a row, this time from 4.19% to 4.15%.
The Federation of Muslim Associations in Brazil (Fambras) reported a 12% increase last year. For the federation’s president, Mohamed El Zoghbi, there’s a continuous demand for Brazilian products in the Arab countries.
Three professionals from the Ministry of Agriculture should be assigned to promote agribusiness in Saudi Arabia, Egypt and Morocco. They will also work in the UAE, Qatar, Oman, Bahrain, Kuwait and Algeria.
The funds will be supplied by the World Bank for the funding of projects involving forests, free-range areas and farming lands in the Northwest and Midwest of the country.
Inflation as measured by the Weekly Consumer Price Index (IPC-S) declined in most of the seven capitals surveyed among the first and second week of March.