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26/06/2017 at 17:13h
Global trade

Week’s trade surplus was nearly USD 1.8 billion

Last week saw exports reach USD 4.88 billion and imports reach USD 3.126 billion, according to the Brazilian Ministry of Industry, Foreign Trade and Services.

26/06/2017 at 13:58h

Banks revised down GDP forecast

Financial institutions believe the Brazilian economy will grow 0.39% this year. Previous forecast pointed to a 0.40% grow.

26/06/2017 at 13:48h

Public debt climbed 0.26% in May

Brazil’s external and domestic debt went up last month over the previous one. The debt reached BRL 3.25 trillion (USD 1.01 trillion).

26/06/2017 at 07:00h

São Paulo event to discuss Morocco and Africa

Seminar will discuss new business and investment outlooks between African and Brazilians and the possibilities that the Arab country has to offer. Event is set for July 17. Registrations are open.

25/06/2017 at 07:00h

Brazilian design firm plans exchange with Lebanon

Acessar notícia

Estúdio Lampejo of Minas Gerais, Brazil is working on an artist residency project with Waraq, a platform to connect Arab artists. Lampejo’s partners are seeking out support.

24/06/2017 at 07:00h

Morocco to float its currency

The country will leave behind a fixed exchange rate regime to better face possible external shocks and protect its foreign exchange reserves.

23/06/2017 at 20:07h

Gaza gets fuel from Egypt

The Egyptian government cleared the border to allow eight trucks to pass through in order to supply a power plant in Palestinian territory.

23/06/2017 at 19:56h

Brazil Mosque to host party for the end of Ramadan

After a prayer at 7 am on Sunday (25), a grand reception was set up for followers at the mosque, located in the Cambuci district, city of São Paulo, to celebrate the Eid al-Fitr.

23/06/2017 at 16:26h

Curitiba fair to feature Arab foods

Acessar notícia

The 15th Festa Junina Árabe will happen over the weekend at Igreja Ortodoxa Antioquina São Jorge, featuring an amalgamation of Arab and Brazilian cultures running the gamut from sfiha to quentão drinks.

23/06/2017 at 13:26h

Preliminary inflation the lowest since 2006

The IPCA-15, official preliminar inflation, came in at 0.16% in June, below May’s rate. It’s the lowest percentage for the month since 2006, according to the Brazilian Institute of Geography and Statistics (IBGE).

23/06/2017 at 07:00h
Oil and Gas

Oil agreement sees highest compliance level

The goal of slashing global output by 1.8 million barrels per day was exceeded in May. Opec members and non-members agreed to reduce supply in order to drive prices up.

22/06/2017 at 18:39h

Tourism revenue up 4.3%

A survey commissioned by the Brazilian government shows that 782 companies grossed a combined BRL 8.2 billion in the first quarter. Tour operators saw revenue increase the most.

22/06/2017 at 16:24h

IMF to make USD 71 million available to Jordan

The sum is part of a USD 723 million loan agreement. The International Monetary Fund calls for increased structural reforms and international donations to refugees.

22/06/2017 at 16:07h

International air travel demand up 12%

The increase was registered year-on-year in May in Brazil by airlines affiliated with the Brazilian Airlines Association (Abear).

22/06/2017 at 13:12h

Industrialist confidence declined in June

An index that tracks industrial business owners’ outlooks slipped 1.8 percentage points to a 51.9 score this month. The drop came after a four-month plateau.

22/06/2017 at 07:00h
Business opportunities

Francal to feature Arab importers

Acessar notícia

At least 14 buyers from Arab countries confirmed that they’ll be in the footwear industry show opening early July in São Paulo. The Arab Brazilian Chamber of Commerce is a partner.

21/06/2017 at 19:11h

Tunisian industry increases its exports by 12.4%

Foreign sales by the industrial sector of the North African country reached USD 4.8 billion in the first five months of the year. However, the trade balance’s still registering a deficit.

21/06/2017 at 16:48h

Egypt to spend additional USD 4bn on social safety

The Arab country’s budget for the 2017/2018 fiscal year, which begins in July, will include a package for items such as food subsidy cards.

21/06/2017 at 16:00h

Demand for credit up 7.2%

Demand from consumers increased year-on-year in May in Brazil, credit bureau Serasa Experian reported.

21/06/2017 at 13:32h

GDP rose 0.87% in three months

Brazilian economy grew from February to April over the three-month period that ended in January, according to a survey conducted by Fundação Getulio Vargas.