The slumping economy led to a 4.5% decline in oil products consumption last year in the country. In 2015 from 2014, consumption had also gone down, but not at as sharp a rate.
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Pellets production in quarter four last year was the biggest ever at the Brazilian company’s manufacturing plant in Sohar, at 2.5 million tons.
Octavio de Barros claims the country should be more welcoming of international products and focus on bilateral and regional agreements. He spoke during an event at the Arab Chamber this Wednesday (15).
Cargo volume handled in Brazil in 2016 was slightly down from the year before as a result of the maize crop failure, according to data from the National Agency for Waterway Transportation (Antaq).
Foreign investment amounted to USD 850 million worth of purchase operations in the Abu Dhabi Securities Exchange in January. Net foreign investment reached USD 110 million.
Capacity for energy generation from wind sources in the country increased by over 2,000 MW last year according to an international survey.
An index from Brazilian think tank Fundação Getulio Vargas and Germany’s Ifo institute slid between October 2016 to January 2017. The scenarios in Brazil, Mexico and Argentina played a part.
Revenue from Brazilian foreign sales to Arabs increased by 13.5% year-on-year in January. Shipped amounts and the prices of sugar and ore drove the increase.
A former chief economist with Brazilian bank Bradesco, he will go over the domestic and global scenarios in a breakfast for Chamber member companies next Wednesday (15).
Exports exceeded imports by nearly USD 1 billion in Brazil during the second week of February. Another surplus had been recorded in the first week of the month.
Expectations from financial market players regarding the Brazilian economy in 2017 have edged back from 0.49% to 0.48%.
Last year, over 100,000 outlets closed in Brazil, according to a survey conducted by the National Federation of Trade in Goods, Services and Tourism.
Voluntary workers are wanted in Rio de Janeiro. The organization needs Portuguese language teachers, course assistants and children’s recreation professionals.
A study by the National Supply Company (Conab) shows the Southeast’s Santos Port remains the primary outlet for soy and maize, but Northern ports like Itaqui, in Maranhão, are coming up.
