During trip to the country for the Couromoda fair, businessman Mohamed Swayeb visited the Arab Chamber. He’s negotiating with two Brazilian brands.
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US currency ended this Thursday at BRL 4.19, up 0.15% day on day.
UAE company provides air transport services for the oil industry.
MENA accounted for 20% of total portfolio flows to emerging financial markets from 2016-2018.
The 2019 economic growth estimate moved from 0.9% to 1.12%, and the 2020 estimate from 2.32% to 2.4%
Brazilian state-owned company announced a 3% reduction in diesel and gas prices, but the change might take a while to reach the consumer.
The forecast regarding the National Extended Consumer Price Index slid from 3.60% to 3.58% as per the Central Bank’s poll with financial institutions.
Trade balance deficit stood at USD 6.9 billion in 2019, a result of exports at USD 15.5 billion and imports of USD 22.5 billion.
The Extended National Consumer Price Index (IPCA) changed by 4.31%, above the Central Bank’s goal of 4.25%, but within its tolerance margin.
Abicalçados reported a 0.9% decline in revenue and a 0.9% increase in volume shipped year on year. UAE were the 14th largest market of the year.
Decline occurred in November from October 2019 and broke a series of three months of growth, IBGE reported.
Exchange flow stood negative at almost USD 45 billion last year, breaking the record from 1999.
Company confirmed in a press release the decision to avoid trafficking in the region, which is a sea route for transporting oil and is at the Gulf’s entrance.
Brazilian manufactures association estimates sales at 3.05 million units. But exports are expected to decline.
