Brazil has increased the IOF tax on foreign capital turned to fixed income investment in the country. The decision aims at containing depreciation of the dollar. Machinery importers approve.
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President Luiz Inácio Lula da Silva said today (18) that Petrobras investment will make Brazil into an exporter not just of oil, but of oil products.
Exports totalled US$ 3.018 billion and imports, US$ 3.283 billion. Average surplus per working day was US$ 71.7 million from January 1st until October 17th, 36.9% less than in the same period of 2009.
The previous forecast was 1.75 real to one dollar by December 2010. For late 2011, the forecast remains at 1.80 real to one dollar.
Over the last two years, the number of exhibitors at the multi-sectorial fair in Iraq has more than doubled, rising from 351 in 2007 to 772 in 2009. This year has already seen growth of 20%.
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 size of Brazil and its colony of Arabs and descendents attracted attention at the 3rd Arab Businessmen Federation Forum, held in Beirut and attended by the Arab Brazilian Chamber of Commerce.
Finance minister to keep track of raised Tax on Financial Operations’ effect on fixed income operations by foreigners before considering new measures. Market rumour has it a new increase is underway.
Adel Auada, responsible for the Tourism Committee at the Arab Brazilian Chamber, should discuss the growth of tourism between Brazil and the Arab world at a talk at the Syrian Sports Club on Saturday.
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.
The internet programme won the regional leg of the Aberje prize, for entrepreneurial communication, in the Media – Small and Medium Businesses category. Now, it competes for the national prize.
