The Arab airline acquired 10% of total shares of the South American company, which will now move forward with a USD 613 million capital increase.
Author: From the Newsroom
The United States currency was selling for BRL 3.422 at the end of this Wednesday in Brazil, down 0.56%. São Paulo Stock Exchange Index Ibovespa gained 1.85%.
Indicator by consulting firm Serasa Experian shows a downward trend in the economy from July to September over the previous quarter.
The airline will cease to operate the route Abu Dhabi-São Paulo from March 26, 2017. The company blames the economic scenario and depreciation of the real.
The Council of Arab Ambassadors in Brazil met with the state governor, Geraldo Alckmin, and the chairman of the local industries federation, Paulo Skaf.
A survey from the World Economic Forum shows that the Arab country is widely popular among people aged 18 to 35 who’d like to move abroad in order to advance their careers.
Exports from Brazil grossed USD 3.938 billion in the second week of November, with imports amounting to USD 2.817 billion.
The forecast was announced by the Algeria prime minister, who believes in growth despite lower revenues from oil.
Exports from Brazil to Saudi Arabia and the United Arab Emirates slid in the first tehn months of the year. Overall, foreign sales increased both year-to-date and in October.
Food processing company announced to the market that it hired investments banks to assist in its search.
The region accounted for 20% of the exports by the Brazilian meat processing company year-over-year ended in September. Countries such as Iraq and the UAE were the leading buyers, according to the company.
An Egyptian residing in Brazil for over 40 years, he was appointed to preside over the Institute of Arab Culture last week and believes a key challenge is to keep the organization’s work collectively oriented.
The purchase of new aircrafts, execution of infrastructure projects and payment of bonds reduced the Arab airline’s profit to USD 364 million in the first six months of the 2016-2017 fiscal year.
Hamad Al Ameri, CEO of Caracal International, is visiting the state and talks about the opening of a manufacturing plant of high-tech weapons for public forces.
