Brazilian textiles and clothing sales to the Arab world increased by 87.5% in January and February from the comparable period in 2016. The growth was driven by rope exports.
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Brazil’s surplus went over USD 7 billion last month. In the first quarter, it reached USD 14.4 billion, a record for the period.
Output reached 2.6 million barrels per day in February, according to Brazil’s National Petroleum, Natural Gas and Biofuels Agency.
The financial market believes the Selic, the benchmark interest rate, will drop tp 8.75% until the end of the year. Currently, it sits at 12.25%.
A debate cycle at Sesc will tackle Arab-related subjects including revolutions, the Western Sahara conflict, refugees, the Alawites and literature. Specialists, most of them academicians, will give lectures.
Website Dinneer is selecting Brazilians to travel and taste food made by its registered users. The route includes the United Arab Emirates.
Arab crafts, dance and cuisine are part of the event, which takes place from March 31 to April 9 at the Pantanal Event Center.
Brazilian Central Bank data show economic activity dropped in January from December for the seventh month in a row, this time by 0.2%.
The unemployment rate of the December to February period reached 13.2%, according to the Brazilian Institute of Geography and Statistics. Both the rate and the number of unemployed are records.
If the projection proves true, then Brazil’s Extended National Consumer Price Index (IPCA) will be lower than the midpoint of the target range set by the monetary authority.
A research by the World Bank shows that MENA immigrants feel connected to their places of origin and want to contribute to their development. For 26%, their interest increased after the Arab Spring.
The sector slowed down in a comparison with December 2016. The only subsectors to see activity go up were information and communication.
Industry association Abimaq reported that revenue from foreign sales reached USD 607.23 million in February, a 4.2% increase over February 2016.
The Arab country’s industry shipped USD 6 billion worth of products last year, but it could see as much as USD 10 billion come 2020.
