Edit: Ahmed Al-Kumi

Ambassador Antonio de Aguiar Patriota of Brazil in Cairo lectured on bilateral relations between Egypt and Brazil at the Egyptian Council of Foreign Affairs.

"We expect the consumer price index, which reached 21.3 percent in November, to accelerate to about 25 percent and even more in the coming months," Moody's credit rating agency said in a note to clients.

In an interview with CNBC last week, billionaire and veteran American investor Ray Dalio said: "I think we are at risk of war with China, largely because of misunderstanding."

Speaking at the Brazilian World Business Conference for Halal Products in São Paulo today, Vice-Minister of Agriculture of Brazil for Trade Relations, Flavio Petarello, said that his country, the world's largest exporter of food items such as coffee, beef and soybeans, was keen to increase its exports of agricultural products to Islamic countries.