Browsing: Economy

From the Newsroom* São Paulo – The Inter-American Development Bank (IBD) has opened institutions to finance projects aimed at finding solutions to problems between countries in the same region. The proposals should be presented by the public and private sector or civil society and should involve at least three countries. The line makes available up

From the Newsroom* São Paulo – Brazilian shoes exports added up to US$ 910 million in the first semester of the year, against US$ 921.4 million in the same period last year. There were 94.6 million pairs shipped, which represented a drop in 8% in relation to January to June in 2005, according to information

Imports of the product went from more than US$ 1.05 million in the first semester of 2005 to US$ 2.43 million in the same period this year. Purchases of Egyptian cotton threads and fabrics also grew. This increase was driven by the search for good quality raw materials by the textile companies, the favourable exchange rate and promotion of the product in Brazil.

The brand of feminine shoes Les Gazelles is going to increase its sales to the Arab market in the next collection. The brand, which already exports to Kuwait, is closing a contract with an importer from the United Arab Emirates.

The Brazilian aircraft manufacturer announced yesterday the sales of three executive jets to United Aviation, an air charter service from Kuwait. With this contract, the number of aircrafts of the sort ordered in the region increases to ten, of which five have already been delivered.

The Arab countries sold US$ 407,900 in rugs to Brazil in the first semester of the year, an increase in 37% over the same period in 2005. Egypt was the greatest supplier, with 98.8% of the total. Also Morocco and Lebanon shipped rugs to Brazil from January to June.