The Egyptian group’s shares reached their highest value since September 22 after a deal with EBX for building a fertilizer plant in Rio de Janeiro was announced.
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The company exports dermatological products to South America and Europe. Seeking international growth, it seeks a partnership in the Arab market.
The Brazilian federal government recorded US$ 3 billion surplus in September. The volume of funds saved for paying interest on the debt was US$ 1.6 billion higher than in August.
Brazilian machinery and equipment industry revenues grew by 10.2% in the first nine months of this year when compared with the same period of 2010 and reached US$ 34.3 billion.
The organization gives a positive assessment of the Brazilian economy, but suggests long term measures to ensure growth, encourage investment and reduce poverty even further.
Compliance with Sharia, in contracts made with Arab companies, may require different legislation from Brazil’s. The topic was covered in a talk on Wednesday at the Arab Brazilian Chamber.
An IMF report forecasts great GDP growth for oil exporters in 2011, however, low growth is forecasted for the importers. Economic recovery of these nations should be slow in 2012.
Brazil received a US$ 50 billion-plus inflow from January to September. Foreign spending on services and remittances, however, should result in the highest ever nominal current account deficit.
The Brazilian aircraft manufacturing company will hold its eighth Embraer Executive Operators Conference in the Middle East this Tuesday and next Wednesday in the United Arab Emirates.
A Central Bank report issued today shows that during the month, the Brazilian balance of payments ran a US$ 808 million surplus. Current transactions, on the other hand, ran a US$ 2.2 billion deficit.
Journalist Isaura Daniel received the award of the Brazilian Association of Highway Concessionaires, in the Internet category, for article ‘Ready to resurface’, published in July.
The World Economic Forum discussed growth and job generation in the region. Education, entrepreneurship, equal conditions, competitiveness and the rule of law are essential.
Exports stood at US$ 5.277 billion and imports stood at US$ 5.581 billion, resulting in a US$ 304 million deficit.
An event promoted by Arab Brazilian Chamber and the Apex will show how enterprises may access the market and tap into the main business opportunities in the region. Enrolment is open.
