The monetary authority’s governor, Alexandre Tombini, claims that the measures taken to drive down the US dollar exchange rate are proving fruitful.
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Lecture by the Arab Brazilian Chamber president Marcelo Sallum at the Syrian Sports Club last weekend outlined the region’s daily economic routine, ongoing projects and potential opportunities to Brazil.
Revenues from sales to Middle East and North Africa countries were down 16.08% August-on-August. Still, the performance was the best so far this year.
Royal Air Maroc’s investment plan for the country includes daily flights within three years, and the use of more modern aircraft by 2015. Operations will start on December 9th.
A report from the Brazilian Ministry of Planning has altered its 2013 economic growth estimate from 3% to 2.5%.
The city mayor, Brazil’s vice president and the Tourism minister welcomed delegates of the International Exhibition Bureau.
Marwan Abdelhamid took office this week as president of the World Federation of Engineering Organizations (WFEO). The organization represents over 20 million professionals in 93 countries.
The city overtook Paraupebas, in the state of Pará, in export revenues year-to-date through August. Foreign sales revenues amounted to US$ 6.13 billion, consisting mostly of soy shipments.
The Brazilian government plans on revising the conditions for stakes in Brazilian airlines owned by foreign capital, currently restricted to a maximum of 20%.
Arab Brazilian Chamber president Marcelo Sallum will deliver the presentation “A new view of the Arab world” on the 21st in São Paulo. He will address major economic projects in the region over the past decades.
The United States Central Bank has decided that it will continue buying US$ 85 billion worth of securities each month in order to stimulate economic growth.
Dollar outflow continues to outstrip inflow in Brazil. From September 1 to 13 the deficit stood at US$ 2.9 billion, according to the Brazilian Central Bank.
Demand for conflict-solving is growing among private companies in Brazil. Cases take one to one-and-a-half year to be settled, the attorney Flávio Pereira Lima said in a lecture at the Arab Brazilian Chamber.
Brazilian exports to the Arabs soared from US$ 2.6 billion to US$ 14.8 billion in ten years, a near-sixfold increase. ANBA has kept abreast of the progress of business.
