The president of the Arab Chamber pointed out the importance of long-term contact for the maintenance and expansion of business with Middle East and North Africa countries. The Chamber released extensive activity calendar.
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In a lecture at the Arab Chamber, Zeina Latif stressed the need to get the country’s finances in order so it can grow again and draw investments in. She also said the export portfolio needs diversifying.
According to Brazilian Institute of Geography and Statistics, the average rate throughout the year stood at 6.8%, an increase of two percentage points over 2014.
Industry association data show a 16.2% decline in the year. However, upward foreign sales numbers in November and December might be a novel trend, the association says.
Survey by FGV shows an increase of 2.5 points in January 2016 over December of last year.
New president of the Brazilian Association of Defense and Security Materials Industry, Frederico Aguiar, says that Brazil can work in partnership with friendly Arab countries through exports and industrial operations in the region.
The World Bank revised down forecasts for 2016 prices of 37 of 46 basic products analyzed. Global supply should remain large, with demand standing low.
Brazil registered a USD 58.9 billion current account deficit in 2015, the lowest amount since 2010. The hike of the US dollar and the shrinking domestic GDP were contributing factors.
In the third week of January, USD 2.442 billion were exported and USD 2.599 billion were imported, with the result being a deficit of USD 156 million.
On February 20th and 21st, leaders of African countries and business owners will discuss ways of promoting mutual investments in the continent and attracting the private sector.
The UN agency says that the country begun to attract larger and more diversified resources after adopting broad reforms, creating specialized agencies in the area and keeping economic and political stability.
A survey revealed that utilization of installed capacity in Brazil reached 62% in December, the lowest rate since January 2011.
The Fund increased from 1% to 3.5% the forecast for the decline of the Brazilian GDP in 2016. The president added that the causes of pessimism are political and not economic.
The sum will be spent on infrastructure works at industrial zones in the Upper Egypt provinces Qena and Sohag.
