There was a significant increase in foreign sales of products such as sugar, frozen beef and soybeans. The performance comes as Arab countries build inventories for the Ramadan.
Browsing: Economy
Sales of Brazilian shoes abroad declined in the first five months of the year and in May alone. Among the Arabs, UAE was the top buyer.
In partnership with other companies, extraction reached 726,000 oil barrels per day in May. In total, however, production was lower than in April.
The launching of the 13th round happens in July, but the bidding process will only take place in August. In all, 266 exploration blocks will be offered.
Opt-Liss, a São Paulo state-based company exports its professional-use products to Libya, the UAE, Kuwait, and Saudi Arabia. These countries combined buy 40% of the company’s production.
According to the sector’s association, motorcycles international sales dropped 47.8% last month over the same period of last year. In all, 3,600 unities were shipped.
The oil industry accounts for over half of the country’s budget. Falling prices led to a 28% decline in quarter one this year.
The target set is part of the expansion plans of the DIFC, the Emirate’s financial free zone, for 2024. The goal is to triple the number of companies in the area.
In a lecture at the Arab Brazilian Chamber of Commerce offices, José Roberto Mendonça de Barros discussed the country’s current scenario and gave suggestions for businesses to navigate the crisis.
Watch in this episode: Brazilian vice president Michel Temer was honored by Arab ambassadors in Brasília.
The new phase of Logistics Investment Program was launched this Tuesday (9th) and should help unlock Brazil’s economic potential. Private investments will be made in roads, railways, ports and airports.
Foreign sales by automakers operating from the country increased in May from April and helped improve year-to-date performance. However, the basis of comparison is too low, says a specialist.
In May, sales at Brazilian stores were 0.6% higher than in April and 3.4% higher than in May of last year.
The sale of an oil rig helped drive export revenues up and reduce the country’s trade deficit year-to-date.
