So says Arab Brazilian Chamber president Salim Taufic Schahin, who is in the delegation headed by São Paulo mayor Gilberto Kassab to the country. Kassab signed an agreement with Beirut City Hall.
Browsing: Economy
Brasília – Brazil already sold US$ 14.5 billion of its foreign currency reserves since the worsening of the international financial crisis, in September, up until March 02. The information was supplied today (05) by the president of the Central Bank (CB), Henrique Meirelles, during the International Seminar on Development, promoted by the Council for Social
Investors from aboard were the main players in the São Paulo Stock Exchange in February. Foreigners answered to 35.5% of the trading and bought more than they sold.
Company Bag For Life produces handbags that join fashion and ecology. They are made out of ecologically correct and reusable materials. After launching itself in Brazil, the company wants to export.
Sector revenues totalled 2 billion in 2008, with growth of 10% over the previous year. The per capita consumption of pasta in Brazil is 6.4 kilograms a year.
Libya has US$ 50.5 bn invested abroad, including investment, deposits in bank accounts and stock market and fund investment. This information was disclosed by the country’s foreign investment agency.
NC Internacional, from São Paulo, is in charge of the release of a retail chain of luxury Brazilian brands abroad. The first boutique should be opened in the Emirates, in December.
Female shoes made by Donna, which has a factory in Campina Grande, already exported to countries in Latin America, Europe and Africa. The brand also started contacts with importers in Dubai.
The Brazilian female shoe brand should receive the Business Award Franchise 2009, in France, in March. It is recognition for the brand’s expansion and originality of its shops.
The volume of shoes shipped by Brazil to the Arab market in January rose 23%, to 277,600 pairs. The Saudis purchased the largest volume.
For 2009, the Central Bank estimates investment of US$ 30 billion. In January last year, Brazil had received US$ 4.823 billion in FDI and in the whole of 2008, US$ 45.06 billion.
Rio de Janeiro should have a centre of excellence in the Schlumberger network, which has 13 points worldwide, one in Saudi Arabia. Petrobras is negotiating credit of US$ 10 bn with China.
Executives at the company stated that the measures adopted by governments to stimulate their economies should help boost global sales, affected by the crisis.
The government of Egypt announced a US$ 2.7 billion plan to try to stunt the foreign investment drop in the country. The funds should be turned to projects in partnership with private organisations.
