Net cash inflow into savings accounts stood at R$ 5.96 bn (US$ 2.94 bn) in March in Brazil, the highest-ever result for the month and the highest so far this year, according to the Brazilian Central Bank.
Author: From the Newsroom
Sales reached 284,000 vehicles in Brazil in March, as against 235,000 in February. In comparison to March last year, however, there was a 5.5% drop.
Revenues from Brazilian exports to countries in the region amounted to US$ 2.2 billion in January and February. Imports stood at US$ 1.46 billion, up 20%.
The country sold primary products with lower added value than in February. The movement was fostered mainly by metals, which includes iron ore and bauxite, among others.
Saudi Arabia and Japan were the only two countries whose chicken imports from Brazil increased in March. Overall, the industry saw a decline in export volume and revenues.
Agreements signed during Michel Temer’s visit establish political consultation mechanisms, a joint commission, and sports cooperation. The Brazilian vice president visited company Vale’s facilities in the Arab country.
The government aims to increase the total the country has in foreign currency from US$ 13.5 billion to US$ 16 billion by late June. An IMF delegation should arrive in Cairo on Wednesday. Total of the agreement may change.
The latest edition of Arab Chamber TV features the talk ‘Economic Scenarios of Arab Countries in 2013,’ Palestine’s status as a UN observer state, Brazil’s trade relations with the Arab World, an interview with Fabio Saldanha of the company Quickly Serviço, and Arab influence in samba music.
The Consumer Expectation Index was up in March following three straight months on a downward curve, according to the National Confederation of Industry.
Foreign sales from Brazil averaged at US$ 19.323 billion in March, down 7.6% from March 2012. The average per working day, however, was US$ 966.2 million, up 1.6% from March last year.
Brazil’s vice president, Michel Temer, is visiting Oman and calls for the local government to support Brail’s candidate to the WTO and the promotion of the Expo 2020 in São Paulo. He said that Brazilian companies hope to invest in the Arab country.
Although it has been completed, the new terminal in Doha does not meet safety requirements of the Civil Defence Department.
Makers of hard candy, confectionery, chocolates, caramel, peanuts and chewing gum have reported that Dubai’s food industry show Gulfood has resulted in 13% more deals this year than it did in 2012.
Importation of chemicals grew by 15.9% in the first two months of 2013, strongly influenced by products used in fertilizer manufacturing. Output and sales declined for the industry in Brazil.
