Abu Dhabi-headquartered defense firm EDGE Group has investments in the Latin American country as well as partnerships with its government’s agencies.
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Overall exports from the country saw a growth rate of 1.2% in January compared to a year ago, the Department of Statistics said.
Revenue from the industry in February also posted a decline compared to the same period a year earlier, ABIMAQ reported. Benchmark interest rate is still high, the industry says.
Brazilian halal certifier was accredited to certify product’s compliance with the rules of Malaysian market.
An investment of USD 500 million was committed towards a terminal for grains and fertilizers. Construction is expected to span 30 months, pending government approvals.
The Arab country’s export revenues from the product reached USD 78 million in February, the Ministry of Industry, Energy and Mines announced. Price of olive oil has risen.
Brazilian cosmetic, toiletry and perfumery industries grossed USD 133.5 million from exports in the first two months of the year. Hair products, soaps, and skin creams were the best-selling items.
Sarah Hiaty created an Arab women’s clothing brand to cater to customers in Brazil and elsewhere. Style draws attention and gains followers online.
Revenue of tourism-related enterprises and services grew by 7.8 percent in the Latin American country in the past year. Sectors with the best performances included hire of means of transport.
These were some of the leading exports of the country in February, a month that posted lower imports of grain, vegetable oils and sugar compared to a year earlier. Surplus was posted at USD 281.3 million.
The commodity’s prices have declined due to a lower demand from China. Brazil’s trade balance could be impacted, and Arabs could import more.
Brazilian footwear exports plunged 31.3% in volume and 22.8% in revenue in January and February. Competition with China and the economic situation in second leading buyer Argentina drove down the results.
The government indicated that the transfer to the sovereign wealth fund aims to boost the national economy by diversifying its resources and creating more investment opportunities.
Goiás’ governor held a dinner for the delegation of diplomats at the official seat of the state government and told ANBA that the state and Arab countries could expand trade. The region is already a major buyer from Goiás.
