The Brazilian food-processing company joins the sovereign wealth fund of the Gulf country to acquire Banvit, the largest Turkish poultry company. The company’s enterprise value is USD 470 million.
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Exports went up 7.5% and imports increased 8.5% in the year’s first week, according to data made available by the Brazilian government.
According to consulting firm Serasa Experian, number of consumers in stores throughout Brazil fell 6.6% over 2015.
This week’s Focus Bulletin forecasts the IPCA, the inflation rate index, to reach 4.81% in 2017, against 4.87% last week. Forecasts for the benchmark interest rates and GDP remained the same.
According to UN survey, 71% of refugee families live below the poverty line.
The Producer Price Index (IPP) went up in November over October, when it had also climbed 0.09%, according to statistics institute IBGE. In the year, the index has gone up 0.04%.
The assessment was made by the chief economist at The Economist Intelligence Unit, Simon Baptist, to whom the currency of the Arab country, after a sharp decline, could rise 14% against the US dollar.
Brazilian car industry exported 520,300 units last year, according to Anfavea. Revenues, however, increased 1.6%.
Industrial production data made public by statistics institute IBGE shows that activity in the plants increased in comparison to October, but that it declined over November 2015.
Initially named Sadia Halal, and now called OneFoods, the new unit in Dubai of the food company is responsible for the markets of Muslim countries, especially Arabs.
The index that measures the price of basic products in Brazil dropped 5.31% over 2015. In December, however, the indicator went up 0.44% over November.
Latin America’s largest port complex, it should handle 120.6 million tons of cargo this year, up 6.3% in comparison to expected results for 2016.
The Council of Arab Ambassadors in Brazil travelled to Curitiba and Foz do Iguaçu. Watch the highlights in this episode of Arab Brazilian Chamber TV.
With authentic Syrian recipes, sweets shop ArabSweets has been gaining Brazilian and Arab clients alike in the capital of the country. The place also takes orders from restaurants and events.
