Shipping generated US$ 2.2 billion from January to July, which corresponds to 80% of what Brazil sold to the region in the whole of 2003. Import in turn totalled US$ 2.097 billion, 42% more than in the same period last year. To Arab Brazilian Chamber of Commerce president Paulo Atallah, bilateral trade should exceed US$ 7 billion up to December.
Author: Alexandre Rocha
Agência Brasil Rio – The coordinator of Economic Analysis at the Brazilian Institute of Economy (IBRE) of the Getulio Vargas Foundation (FGV), Salomão Quadros, says he does not expect the oscillations in international petroleum prices to have an effect on Brazilian inflation any time in the near future. Yesterday (02) petroleum prices reached US$44 a
A flight between São Paulo and the Lebanese capital will be inaugurated on August 17, the fruit of a partnership between Brazilian airline TAM and Middle East Airlines. To Sérgio Jardim, TAM passenger service director, facilities created by the accord should soon start providing incentives to demand. He is also betting on the demand of the Lebanese community in Brazil.
Agência Brasil Brasília – On Friday (30/07) the International Monetary Fund mission visiting Brazil, for a third revision of the almost US$15 billion preventive loan Brazil negotiated at the end of last year, concluded its work. The head of the mission, Charles Collyns, has said he will recommend approval. That will give Brazil the right
Agência Brasil Rio – Alunorte – Alumina do Norte – a subsidiary of the Vale do Rio Doce Company, has obtained a US$310 million loan from a pool of foreign banks. An insurance policy on the loan, for political risk, was banked by the governments of Germany and Norway. Alunorte has scheduled investments totalling almost
The Brazilian software company, which uses 100% domestic technology, integrated all the programs in the System for the Vigilance of the Amazon (Sivam) and developed 80% of the Brazilian air traffic control. It also operates in the areas of public safety, industry, and trade, and has already started exporting.
A mission by the Brazilian Cooperation Agency visited the Arab country this month. Among the participants was Brazilian Agricultural Research Corporation (Embrapa) director Gustavo Chianca. According to him, the Moroccans want to learn about Brazilian experience in sugar cane, aviculture, "direct sowing," and biotechnology. The Brazilians, in turn, want to know more about oranges, olives, egg production, and goat breeding in Morocco.
Agência Brasil Libreville (Gabon) – The presidents of Brazil, Luiz Inácio Lula da Silva, and Gabon, Omar Bongo, have signed four cooperation agreements in the areas of health, agriculture and foreign relations. In health, Brazil has offered technical cooperation in improving diagnostic quality in dealing with malaria, a disease that is endemic in both Brazil
Agência Brasil Brasília – Brazilian Minister of Cities, Olívio Dutra, has presented the International Monetary Fund a proposal for a differential calculation of the primary account which would exclude spending on housing and sanitation from the category "government expenditures." According to Dutra, by excluding such spending the country will do two things: continue to met
Angela Martins, director of ABC Brazil Bank, wrote a book on Islamic banking practices, geared by the Koran, and which take into account ethics and social responsibility. There is no interest, but profits are welcome. As these practices are growing, Angela believes Brazilians interested in doing business with Arabs should learn more about the system, which could result in business and investments.
