On this episode, Arab ambassadors visit São Paulo, project focuses on the Saudi Arabian market, analysis of Brazilian exports to Saudi Arabia, business in the Confederations Cup, interview with Ramkumar Menon, from Barakat International, and Rock in Rio.
Browsing: Economy
The emirate’s Chamber of Commerce and Industry has informed that its affiliated companies have exported and re-exported a combined US$ 39.5 billion in the first half, up 7% from the same period in 2012.
The Brazilian company has made shipments to the Emirates, Egypt and Iraq, but wants to grow as a supplier in the region. The products are aimed at small and medium laboratories.
From 2010 to the first quarter of this year, the state has received 46% of professionals from abroad coming into Brazil. A total of 94,526 work permits were issued, according to Investe São Paulo.
The Central Bank expects continued growth of family consumption and return to investment in the country, according to the Monetary Policy Committee meeting report disclosed on Thursday (18).
In the first two weeks of the month, Brazil recorded a US$ 1.1 billion forex deficit, according to the Central Bank. Since January, there was a US$ 8.4 billion forex surplus.
An index in the area dropped and reached 126.5 points in June, reflecting deceleration of the Brazilian economy. It is calculated by FGV and The Conference Board and was disclosed for the first time.
The oil company signed a contract with the Japan Bank for International Cooperation for two lines of credit, which will be spent on equipment and services from Japan.
The difference between exports and imports was US$ 619 million negative last week, after being US$ 198 million positive in the previous week.
The company’s firm order backlog was US$ 17.1 billion as of June 30, the highest amount since quarter three, 2009.
The estimate of financial institutions for Brazil’s GDP growth in 2013 has been reduced for the ninth time in a row, this time from 2.34% to 2.31%.
Brazilian exports to the region showed little change in the first half, compared with the same period in 2012. There was an increase of 1.27% in volumes shipped, but a fall of 0.38% in revenues.
A KPMG survey shows a 15% decline in number of mergers and acquisitions in Brazil in quarter two, and most operations involved solely domestic companies.
The estimate for the Brazilian oil area to be tendered in October is by the director of the National Petroleum, Natural Gas and Biofuel Agency (ANP), Magda Chambriard.
