The Brazilian mining company said its quarter one results suffered from the depreciation of Brazil’s real against the US dollar. Ore production hit a record during the period.
Author: From the Newsroom
The company grossed 15.1% more in the Middle East and Africa in quarter one this year. According to the Brazilian food company, the result was mostly driven by the UAE and Saudi Arabia.
In the Middle East and North Africa, the women population jumped two percentage points in active participation, from 20% in 1990 to 22% in 2013, but their presence in the economic field is world’s lowest.
Brazil exported US$ 3.08 billion in goods and imported US$ 3.02 billion last week, with a US$ 58 million surplus. Foreign sales increased for finished and semi-finished goods.
The credit is part of an agreement between the Fund and the Arab country that provides for up to US$ 1.89 billion in loans. The amount has been released following a review of the country’s accounts.
Foreign sales of wood panels also increased in Q1 but paper shipments dropped 3.5%. Revenue from sales of the three products stood at US$ 1.8 billion.
Brazilian Agrarian Development minister Patrus Ananias discussed the country’s social inclusion policies to 70 officials from African Union countries at a meeting on the matter in Ethiopia.
The African Development Bank announced a US$ 140 million loan for part of the renovation, which includes construction of a new building, new runways, a traffic control tower and expansion of facilities.
In quarter one this year, the Brazilian mining company’s ore plant in Sohar performed better than in Q1 2014. Total iron ore output also increased.
Importers from the two Arab countries will attend the agricultural technology set to begin on April 27th in Ribeirão Preto, São Paulo. They will engage in matchmaking with machinery manufacturers.
Companies interested in bidding for the call for offers from the Ministry of Electricity are to apply by May 25th. The competition is open to local and foreign enterprises.
Representatives of the Brazilian federal government are attending the meeting in Doha about crime prevention and criminal justice organized by UN, which started last week and ends Sunday (19th).
The Arab country stepped up its purchases from Brazil in quarter one this year and ranks 11th among the leading destinations for Brazilian shoes abroad. Overall sales dropped.
Tourism representatives from the Emirate will attend WTM Latin America, a fair of the sector set to take place in São Paulo next week. Abu Dhabi received 10,000 Brazilians last year.
