Foreign sales of Brazilian steel products in June generated revenues of US$ 425 million, growth of 50.2% over the performance recorded in May.
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The country shipped 2,300 tonnes of the product to the Arab countries in the first half this year. The bulk of sales went to Egypt and took place in June.
Small companies in the sector invest in sustainability to develop eco-friendly products. Tarps for lorries, wood scraps, cloth, plastic, rubber, PET. Everything is reused.
The volume of funds reached US$ 209.6 billion last Thursday, the highest level ever, according to the Central Bank of Brazil.
A total of 300,000 formal job positions were created in the country in the first half this year. The sector that contributed the most was agriculture, followed by services.
Businessman Saleh Al Anezi, who has three stores in the Arab country, ordered over 2,000 pairs of men’s and women’s shoes during the fair. According to him, the orders are only the beginning.
Aside from Saudi Arabia, Egypt, the Emirates, Algeria and Morocco, other countries in the region, such as Lebanon, Yemen and Iraq, are establishing themselves as large importers of Brazilian products.
The Oil and Gas arm of the Brazilian company found oil off the coast of Angola, in Africa. The discovery took place at the Chissonga-1 well, at a depth of 4,725 metres.
Unusual materials and a wide range of colours characterize the style of purse brand Orange, which already exports to Norway, Spain and France. Now, the owner of the brand wants to reach Dubai.
The countries are part of a group created by the World Health Organization to provide a reference in expansion of services in the field. Brazil reduced its hospital beds and increased its services.
Shipments from Brazil to Middle East and North Africa totalled US$ 4.3 billion in the first half of this year. The share of the Arab market in Brazilian foreign sales went from 4.56% to 6.15%.
The chairman of the Central Bank of Brazil also said that investment in the country is increasing, and that the country will leave the crisis behind faster than other economies.
The two countries were tied in third in a survey on confidence of small and medium businessmen on the future of their economies. The survey was conducted by the HSBC bank among 12 emerging nations.
Funds shipped by expatriates to their home countries should total US$ 290 billion this year, as against US$ 305 billion in 2008. The reduction is a result of the crisis, according to the World Bank.
