The Central Bank of Brazil has negotiated 20,000 reverse exchange swap contracts, or purchased dollars on the futures market. The objective is to contain the depreciation of the North American dollar.
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Brazilian company Self Cosméticos is closing a contract for the sale of hair products for a great distributor in Egypt. The absence of formalin in the treatments is novel in the Arab country.
The number of passengers on international flights to the country reached 7.8 million last year. Passengers on domestic flights totalled 67.6 million.
The Vale pelletizing plant, in construction in Sohar Port, in Oman, guaranteed business opportunities for Vidy group, which exported and set up a laboratory at the site.
Inflow of dollars in Brazil was greater than the outflow from January 3rd to 14th. International reserves exceeded US$ 290 billion.
The region was chosen by the Abit as a priority market for garment exports in 2011. The forecast is for sales to the Middle East to grow between 5% and 10%.
Featuring 169 exhibitors, the business salon at Fashion Rio, held January 10th to 13th, recorded a 16% increase in sales compared with last year.
In the fourth quarter alone, 92 aircraft were delivered. The firm order backlog ended the year at US$ 15.6 billion.
The destination management company, which is part of the Dubai-based Emirates Group, announced that it has appointed the Brazil Experts Bureau as its representative in South America.
The country received US$ 30 billion in foreign direct investment last year, growth of 16% over 2009, and led the flow into the region for the fourth year running.
In the second week of the month, exports from Brazil reached US$ 3.883 billion and imports totalled US$ 3.387 billion.
Elias Hallab Cauerk left Lebanon to open the first Arab restaurant in Rio de Janeiro in 1901. The talent for cooking runs in the family and remains with his grandchildren, who own specialized places.
The Brazilian minister of Finance presented estimates for the country’s economic growth over the coming four years, the period of president Dilma Rousseff’s term in office.
This is the forecast for the average growth of the economies of the Middle East and North Africa in 2011. Next year, the estimate is for 4.4%, according to the Global Economic Prospects report.
