The packages created by the company from São Paulo will be used by Co-op Islami starting at the beginning of 2005. The company from the United Arab Emirates produces, imports and sells food made following Muslim rules. Representatives of the cooperative visited Brazil three months ago to find companies in the communications area. Apart from B+G, photography studio Meca was also selected. Co-op Islami distributes food in seven Arab countries and imports US$ 100 million a year.
Browsing: Economy
Agência Brasil Brasilia – International reserves in Brazil added up to US$ 50.601 billion up to Monday (20). The information was disclosed today (21) by the Central Bank. The value is US$ 40 million more than in relation to the surplus registered on Friday, of US$ 50.561 billion.
For the Brazilian minister of Development, Industry and Foreign Trade, Luiz Fernando Furlan, the positive figures presented by the Brazilian economy in recent months permit the forecast of a greater increase in the country GDP. In the first half he believed in a GDP growth of 4%, whereas the government target was 3.5%. Up to September, according to the Brazilian Institute for Geography and Statistics (IBGE), the country GDP grew 5.3%.
The credit will be given for external truck sales
Agência Brazil Brasilia – During the third week of the month, between the 13th and 19th of December, Brazilian trade balance registered a surplus of US$ 643 million, with exports of US$ 2.052 billion and imports of US$ 1.409 billion. With the result, the accumulated surplus went to US$ 31.893 billion. The sales reached US$
The company from the state of São Paulo sells houses made out of steel structures and sold two prototypes to the United Arab Emirates two months ago. Now they are awaiting an answer from the company that is going to develop real estate enterprises with investment of US$ 25 million.
The company head office in Germany is going to build an industrial unit in the emirates. This unit will be fully supplied with semi-disassembled vehicles produced in the city of Resende, in the southeastern Brazilian state of Rio de Janeiro. The contract was signed by the Volkswagen world president, Bernd Pischetsrieder, and by the crown prince of Abu Dhabi, Mohammed bin Zayed Al Nahyan. The estimated investment is 40 million euros (US$ 53.6 million).
Among other actions, the Brazilian Electrical and Electronics Industry Association (Abinee) is going to participate in a fair in Amman. Between January and October, sector exports to the region reached US$ 34.5 million and imports US$ 36.7 million. The industry also plans to participate in the reconstruction of Iraq.
Up to the end of the year, the company is going to have shipped 17,000 trucks and buses to over 40 countries, against 9,525 in 2003. With the increase in foreign sales and the improvement of the domestic market, the company should end 2004 with revenues of approximately US$ 2.9 billion, against US$ 2.1 billion in 2003, in current figures, and production of 49,000 units, the greatest production in 24 years.
According to information supplied by the company, the tender for exploration of oil or gas will take place up to the end of 2005. Still in the Arab world, authorities in Iraq showed interest in returning to business with the Brazilian state-owned oil company, interrupted 25 years ago.
According to João Carlos Basílio da Silva, president of the sector association, foreign trade should generate revenues of US$ 330 million up to the end of the year. Total sector revenues may reach around US$ 4.7 billion, or 17.3% more than in 2003. Among the new markets is the United Arab Emirates.
The funds will be invested in the construction of 4,000 kilometres of pipelines in the next two years, connecting the city of Fortaleza, in northeastern Brazil to Porto Alegre, in the south, and Campinas, in the southeast, as well as connecting Campinas with the Brazil-Bolivia pipeline and the Argentine system. According to Ildo Sauer, the gas director at the state-owned company, participation of natural gas in the Brazilian energy matrix is going to rise from the current 7.5% to 12% in 2010.
