Last month, sales in the Brazilian market were down both year on year and month on month, Fenabrave reports.
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Announcement was made during the visit of Mauritanian president to the Gulf country. The money will fund investment and development projects, as well as a soft loan.
Oil firm has started the teaser phase for the sale of its entire stake in the offshore deep-water Campos Basin.
Brazil produced 1.2 billion barrels of oil equivalent in 2019. Rio de Janeiro was the state that accounted for the largest share.
In November, the amount of newly established companies climbed 25.5% year on year as per a survey from Serasa Experian.
During his stay, Milad Mosbah Elbriki had a series of meetings with the support of the Arab Brazilian Chamber. Industries of interest range from construction to coffee.
The Arab market moved from the fifth largest importer of goods from Brazil in 2018 to the third in 2019, only behind China and the US.
Income from pre-salt and non-use of some funds caused National Treasury, Social Security, and Central Bank to reach a lower joint deficit than in 2018.
Administrative Council for Economic Defense gave nod to Boeing’s purchase of 80% of Embraer’s commercial jet division and the creation of the joint venture between both companies.
Brazilian equipment industry saw an increase in 2019 revenue, as per figures made public by Abimaq.
Brazil’s current account result in 2019 was the worst in four years, Central Bank reported.
Brazilian minister of Mines and Energy, Bento Albuquerque, discussed the topic in New Deli. A similar attempt was tried before with the US.
Representations of the Oman Chamber of Commerce and Industry and the country’s ambassador visited the Arab Brazilian Chamber. They participated in the organization’s board meeting.
Figure was reached for the first time. Oil extraction was up by 7.8% from a year before, and natural gas by 9.5%.
