Exports from Brazil grossed USD 3.938 billion in the second week of November, with imports amounting to USD 2.817 billion.
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The forecast was announced by the Algeria prime minister, who believes in growth despite lower revenues from oil.
Gross Domestic Product is seen shrinking 6.84% in a Brazilian Central Bank poll of financial institutions. Last week’s estimate had been marginally better. Inflation forecasts, on the other hand, have improved.
The 12th edition of the Embassies Fair happens on Saturday (12) featuring 13 diplomatic offices from the Middle East and North Africa. Proceeds from the event will go to 20 different charities.
Exports from Brazil to Saudi Arabia and the United Arab Emirates slid in the first tehn months of the year. Overall, foreign sales increased both year-to-date and in October.
Throughout the next four years, the amount will be directed to projects the company already has a stake in.
On the last day of the Global Business Forum on Latin America, in Dubai, Brazilians talked about global trade, halal economy, investments opportunities and partnerships with the Arabs.
Food processing company announced to the market that it hired investments banks to assist in its search.
An Egyptian residing in Brazil for over 40 years, he was appointed to preside over the Institute of Arab Culture last week and believes a key challenge is to keep the organization’s work collectively oriented.
The purchase of new aircrafts, execution of infrastructure projects and payment of bonds reduced the Arab airline’s profit to USD 364 million in the first six months of the 2016-2017 fiscal year.
Prices went up 0.26% in October, the lowest rate for the month since 2000. In twelve months, inflation is at 7.87% according to the Institute of Geography and Statistics (IBGE).
Cevital will set up manufacturing operations in Marabá, Pará. The company also invests in foodstuffs and logistics in the country.
Hamad Al Ameri, CEO of Caracal International, is visiting the state and talks about the opening of a manufacturing plant of high-tech weapons for public forces.
Foreign sales from Brazil climbed in October from September, but dropped year-on-year, industry association Abraciclo reported.
