The country was once again the biggest importer of goods from Brazil in its region in August. Sales from Brazil to all Arab countries increased by 13.7%.
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There were almost 643,000 people with USD 1 million in assets or more in the region last year, although wealth there grew less than the global average. Brazil saw an 11% increase in number of millionaires.
The Brazilian federal government and the Federation of Industries of the State of São Paulo will hold workshops in cities across the state of São Paulo this year.
The percentage was registered in the quarter ended in August, according to the Brazilian Institute of Geography and Statistics (IBGE). In the quarter ended in May, the rate was at 13.3%.
Brazilian enterprises interested in joining an event on industrial technology in the emirate next November can rely on support from the government agency to find business connections and to schedule meetings.
Brazilian economy is expected to grow this year and see an even sharper growth – 2.6% – in 2018, according to a survey by the Institute for Applied Economic Research (IPEA).
Indicator by Fundação Getulio Vargas declined 10.8 points in September over August and stands at the lowest level since April of this year.
A delegation from the Arab country on a trip to Brazil toured the seaport’s facilities and were impressed. The group also visited port operator Codesp alongside Arab Brazilian Chamber professionals.
Perfume shop Al Zahra is holding lectures across Brazil to raise awareness about the noble ingredient that’s the basis of Arab perfumery. The next event will take place in Espírito Santo.
Four facilities operated by the Minas Gerais state utility have been auctioned this Wednesday in the São Paulo Stock Exchange. The funds will cover part of Brazil’s fiscal deficit.
Spending during international travelling totaled USD 1.745 billion in August, an increase of 35% over the same month of last year.
Brazil’s external accounts reported a deficit from January to August, but it was much smaller than the one in the same period of 2016, when it stood at USD 13 billion.
According to the Arab country’s minister of Energy, international sales of the commodity were reduced by 10% in the last two months, as part of an OPEC agreement.
The debt stock, including internal and external indebtedness, increased 1.87% last month over July.
