Electrometer is the newest joint venture formed between Egypt and the state of Minas Gerais. The company, which received investment of around US$ 5 million, is going to produce electricity meters.
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The number of transactions with credit, debit and shop cards in Brazil reached 508 million in July, with growth of 21% over the same month last year.
The sector had revenues of US$ 1.8 billion with foreign sales in the first half of the year. The products most shipped were the soy complex and meats.
The company will use the funds for expanding capacity and upgrading its plant in São Bernardo do Campo. The aim is to cater to the strong domestic and foreign demand for buses and lorries.
The country manufactured 17.44 million tonnes of raw steel in the first half this year. Good performance in the construction, automobile and machinery sectors contributed to the result.
Sales from Brazil to the Arab market totalled US$ 997 million in July. Imports, in turn, reached US$ 1.04 billion, expansion of 78.7% over July last year.
The Brazilian enterprise acquired gas stations and services from ExxonMobil. The US$ 400 million deal should be paid next year.
Products from 21 countries, including Arab nations like Lebanon, Palestine, Tunisia and the Emirates, are being exhibited at Brazil Shows Brazil fair, in Rio Grande do Norte.
The new reserves are found in Santos Basin, in ultra-deep waters, 230 kilometres away from Rio de Janeiro. The field is at a depth of 5,600 metres.
From January to July, the airport in the capital of Amazonas state had throughput of 89,097 tonnes, against 78,703 tonnes in the same period of 2007. The greatest growth took place in domestic cargo.
