The institution’s net profit reached US$ 1.9 billion in Q1, an increase of 115% over the same period of last year and of 93% over Q4 2014.
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The Brazilian state-run institution disbursed US$ 11 billion in loans in quarter one. A more restrictive operational policy affected the results.
In a lecture at the Arab Chamber on Wednesday, Silvia Ferabolli said integration among nations is the best solution for the region – better than options like partnering with Europe or Israeli supremacy.
Minister of Planning said that the goal will be reached in the next fiscal year, which starts in July.
The Brazilian auto parts manufacturing company shipped 4.1% of its exports to the region in Q1. In the same period in 2014, this percentage stood at 3.7%.
The production in the fields operated by Petrobras at Santos and Campos basins reached a record-breaking 800,000 barrels per day on April 11th.
The silos and agricultural equipment records decline in revenue, losses and weakening of exports in Q1.
A survey conducted by the Brazilian Institute of Geography and Statistics (IBGE) shows industry output lost steam in 11 of 15 areas in Q1 this year.
The industry grossed US$ 345 million from foreign sales in Q1 this year, according to the industry association. The trade balance ran a US$ 2.1 billion deficit.
Exports from Brazil grossed US$ 4.408 billion last week and imports amounted to US$ 3.432 billion, leading to a net positive result of US$ 976 million.
Financial market forecasts that Brazil’s economy will contract by 1.2% in 2015. As of last week, a less pronounced decline was expected, according to a Brazilian Central Bank poll.
The Arab country went from US$ 6.7 million in imports in the first four months of 2014 to US$ 8.3 million in the same period this year. The UAE are at 12th place in the list of Brazilian footwear destinations abroad while Saudi Arabia is 7th.
At a meeting of secretary generals from Arab organizations in non-Arab countries, the Arab Brazilian Chamber presented its online certification project and was complimented on ANBA and its TV show.
A group with 20 local businessmen went on a business mission to China and UAE. In Dubai, they were introduced to the government’s plan that seeks the highest quality on public services and companies.
