The Brazil Africa Forum in São Paulo featured discussions regarding the continent’s development and existing cooperation possibilities. The Arab Brazilian Chamber’s secretary-general was one of the panelists.
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The Brazilian state-run company is the second biggest fuel distributor in Uruguay, and the biggest in liquid fertilizer.
Arab Chamber held a cycle of lectures addressing consumer habits in the region. According to experts, consumption has become more virtual and renewed itself acrros the Arab countries.
The Brazilian state-run utility company had posted USD 528 million in losses in Q3 2018. Revenue was up 9.7% and Ebitda increased by 303%.
The announcement was made during a meeting with the Council of Arab Ambassadors in Brazil, on occasion of their visit to Manaus. Governor Wilson Lima also said he’ll attend the Brazil-Arab Countries Economic Forum in April 2020 in São Paulo.
The Brazilian Institute of Geography and Statistics (IBGE) reported growth in four out of the five subsectors tracked during the month, the exception being information and communication services.
A memorandum of understanding signed this Tuesday should boost cooperation between both institutions. Its goals include bringing companies based in São Paulo closer to the Arab market, thus diversifying Brazilian exports.
Arab ambassadors to Brazil visited the Federation of Industries of Amazonas and the Manaus Free Trade Zone, where they discussed business opportunities available in their countries.
Brazil exported 3.4 million bags last month, down 13% from a year ago. Year-to-date through October, exports climbed 23%, tough.
The newly-accredited companies will be allowed to ship beef to the Arab country. The announcement was made by Brazil’s Agriculture minister Tereza Cristina.
ICE fell for the third quarter straight, from negative 26.4 points in July to negative 28.2 points in October.
Exports of the Brazilian product to the Arab country reached 1.4 million pairs year-to-date through October, up 83%.
Brazil’s National Treasury secretary Mansueto de Almeida said the deficit should end the year at 1% of GDP, a narrower rate than the previously forecasted 1.8%.
The 18th Arab Businessmen and Investors Conference is taking place from November 11 to 13 in Manama.
