The Brazilian government issued a normative ruling in the Official Gazette this Friday (28th) setting forth the administrative process required for non-Brazilians to purchase lands in the country.
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The figure recorded in August was significantly down from the R$ 4.5 billion surplus in August 2011, according to the Brazilian Central Bank.
This was the growth in exports from 1989 to 2011. In Campinas, the CEO at the Arab Brazilian Chamber, Michel Alaby, also showed that exports from the region grew fourfold.
Meeting in Paris should debate job generation for youths on the continent and should include participation of representatives of the Arab countries.
Survey conducted by the National Federation of Industry forecasts industrial growth at 1.6% in 2012. High consumption levels due to year-end shopping are expected to help.
A study by the Fund praises the performance of developing nations during the crisis, but warns that they should be prepared for ‘shocks on the horizon’.
The event began on Wednesday (26) in the city in the interior of São Paulo and will include talks and an exhibition with Arab items up to Sunday (30).
The country cut its production back to 300,000 barrels per day during last year’s civil conflict, but activity has been resumed, and the target for 2015 is 3 million barrels.
Enterprise reform and construction financing program for the 2014 FIFA World Cup has been expanded from R$ 1 billion to R$ 2 billion.
Non-financial sectors grew more than the economy as a whole and contributed to the country’s recovery in the 2008 crisis.
The ornamental stone producer exports 80% of production and has already sold to Egypt and Palestine. The company aims to export more to the region and bets on exotic granite to please the Arabs.
The meeting will be held from May 24 to 26, 2013. Approximately 1,000 people are expected to attend, including government officials, businessmen and civil society representatives.
The Brazilian Central Bank has raised its estimate of foreign direct investment inflow to Brazil from US$ 50 billion to US$ 60 billion. In August alone, the volume exceeded US$ 5 billion.
IMF report shows improvement in the country’s economic scenario and forecasts record high foreign exchange reserves, which are expected to reach US$ 750 million by the end of 2012.
