Browsing: Economy

The Brazilian Export and Investment Promotion Agency was named best commercial promotion agency in developing countries by the International Trade Centre (ITC). The prize was awarded in Mexico City.

Named after former president Emílio Garrastazu Médici, the establishment is a relic from the days of the Trans-Amazonian’s construction. Though decadent, it is the best in Pará state’s Rurópolis city.

The Brazilian real estate investment company, which has capital from the Royal Group, in the Emirates, is going to issue on the market shares of a new fund, for the value of US$ 157 million.

Rio de Janeiro-based ZIPLux wants to start selling its solar-powered street lighting poles abroad by the Arab countries. It has even assembled an exclusive line to offer in the region.

The government of Mozambique and the Brazilian mining company consider using methane, released in coal extraction, to generate electricity in the Moatize Mine, in the African country.

Revenues from Brazilian exports to the Arab League countries totalled US$ 1.42 billion in September. Saudi Arabia, Egypt, Emirates, Algeria and Morocco were among the leading targets.

The Arab Brazilian Chamber’s Nahid Chicani will speak on the relation between Brazil and the Arab world at the 13th Arab Businessmen Forum, to be attended by local entrepreneurs this week in Beirut.

Perspectives are the best possible for mining in Brazil, a sector that answers to 5% of GDP and should have revenues of US$ 35 billion in 2010. China and domestic growth explain the boom.