Agência Brasil* Brasília – The volume of credit in the National Financial System reached 880.803 billion Brazilian reais (US$ 486.3 billion) in October, the equivalent of 34% of all goods and services produced in the country, i.e. the Gross Domestic Product (GDP). In September, the rate was 33.3%. Loans granted to natural persons totalled 304.9
Author: Gabriel Kawamura Pomerancblum
Brazilian granite manufacturer Guidoni is going to conclude, during the trade show in Dubai, a sale of 3,500 cubic metres of the product to a buyer from the Emirates. WK Trading has received a quotation request for 20 containers of woods. Yesterday, several companies began setting up deals at the fair.
Agência Brasil* Brasília – The balance of trade surplus (exports minus imports) stood at US$ 139 million in the fourth week of November, the lowest weekly surplus in the month. From November 19th to 25th, foreign sales totalled US$ 3.5 billion, and foreign purchases stood at US$ 3.361 billion. According to data disclosed today (26th)
Yesterday, during the opening of the Big 5 Show, the minister of Finance and Industry of the Emirates, Hamdan Bin Rashid Al-Maktoum, visited the Brazilian stand. The Arab sheikh expressed admiration for Brazilian construction material, a sector that is the focus of the trade fair. At the Brazilian stand, 29 companies are showcasing their products.
The information was supplied by a member of the board of executives at the Dubai Chamber of Commerce and Industry, Hisham Abdullah Al Shirawi. According to him, Brazil is the 33rd largest trade partner of the emirate. Yesterday, Al Shirawi received leaders of the Arab Brazilian Chamber of Commerce, with whom he discussed how to increase this relation even further.
The owners of real estate units in The Pearl, a luxury residential island under construction in the capital of Qatar, include Brazilians. The information was obtained yesterday, during a visit to the project by the construction sector mission from Brazil to the Gulf. The group sought information on how to supply construction material to the works on the island, which is receiving investment of US$ 13.9 billion.
The Qatari Businessmen Association is going to promote, in October next year, a conference for Arab businessmen and descendents living away from their region of origin. The aim is to exchange experiences. The information was supplied by the general director at the organisation, Bassam Massouh, who met with Arab Brazilian Chamber representatives yesterday in Doha.
From the Newsroom* São Paulo – The Foreign Trade secretary at the Brazilian Ministry of Development, Industry and Foreign Trade, Welber Barral, said today (22nd) that Brazilian exports may reach US$ 172 billion in 2008, representing an increase of almost 10% over the US$ 157 billion forecasted for the current year. The statement was made during
Real estate company Malbanee, from Kuwait, is building the second phase of shopping centre The Avenues, and is open to buying construction material from Brazil. Construction sites were visited by the Brazilian trade delegation in the sector that was in the Arab country. The manager at the shopping centre, Abdulaziz Alhomaibi, claimed that he would also like to house Brazilian fashion stores.
The statement was made by Abdulwahab Mohammed Al-Wazzan, director at the Kuwait Chamber of Commerce and Industry and president at the Kuwait International Bank. He believes that trade between Brazil and his country has a prospect of rapid growth.
Over 2,000 micro and small businesses in 11 states count on support from the Brazilian Micro and Small Business Support Service and oil company Petrobras in order to become suppliers to the oil and natural gas production chain.
Exports to the Arab country leaped from US$ 12,000 from January to October last year to US$ 133,000 in the same period of 2007. In total, the country has exported US$ 1.8 billion, an increase of 20.5% in comparison with the same period of 2006. Among the Arab countries, Tunisia has also increased its leather imports from Brazil.
