Exports are benefiting from the scenario of higher global growth and the rising dollar, according to report of the Brazilian Central Bank.
Author: From the Newsroom
Foreign sales from Brazil amounted to US$ 3.2 billion in Q1, an increase of 27.8% over the same period last year.
The IMF says the fiscal reform implemented in 2012 is bearing fruit. According to forecasts, inflation should decline and the economy should grow further, but the Fund warns of high unemployment.
Report on the economic perspectives for the Middle East and North Africa shows that countries will grow in 2014 and 2015, though all of them will have long-term challenges.
The region’s imports of Brazilian products were down by US$ 70 million April-on-April. However, overall, the trade balance showed a US$ 506 million surplus on Brazil’s side.
Auchan operates in 15 countries and will open five commercial centers in the Arab nation. Initiative is a signal of the resumption of the investment.
The company posted R$ 797 million in revenues in Q1 this year. Revenues denominated in US dollars stood at US$ 338 million.
Brazil’s Foreign Trade Chamber has reduced the import tariff on frozen sardine from 10% to 2%, for a quota of 23,000 tonnes until September 30th. Brazil imported 9,500 tonnes from Arab countries year-to-date through March.
Spain’s Bamesa has inaugurated a new unit at the Tangier Free Zone. The facility should process up to 100,000 tonnes per year.
In Q1, the Dubai-based ports operator handled 14.3 million TEUs worldwide. Throughput at proprietary terminals was 6.8 million TEUs.
The tranche is part of a 24-month loan agreement. The total amount already paid reaches US$ 888.4 million.
The event opens this Friday (25th) in the city and will continue until the 28th, featuring nine productions from countries in the Middle East, North Africa and Latin America.
The Emirates’ investment company has raised the foreign share ownership limit from the former 20% to 35%.
Brazil’s aircraft maker believes the Middle East and Africa will buy 530 units of 70- to 130-seater models in the next 20 years. Air traffic growth in the region will outstrip the world average.
