The money should be applied by the oil company between 2008 and 2012. Part of the total – Us$ 37 million – should be turned to projects chosen by the public.
Browsing: Economy
Eleven brands of imported vehicles sold 3,900 units in Brazil in July. There was expansion of 310% over the same month in 2007, and of 15% over June.
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.
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.
