Brazilian mining company produced 2.41 million tonnes of pellets in the Arab country in Q3, down from the previous quarter.
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Banks reduced their inflation forecast for the tenth straight time.
Deal involves 12 T-6C Texan trainer aircrafts for an estimated cost of USD 234 million.
Gulf-based company is part of two consortia that won exploration and production rights to three oil blocks in Campos Basin last Thursday.
Brazil’s president Jair Bolsonaro said maximum expenditure at duty-free shops in airports will increase from USD 500 to USD 1,000.
Brazil’s president is slated to travel to the UAE, Qatar and Saudi Arabia from October 25 to 31. The Ministry of Foreign Affairs said the trip is intended to publicize investment opportunities in Brazil and foster exports.
The Brazilian food company is looking into processing product locally in the Arab country, where 60% of the poultry consumed is industrialized. Saudi Arabia is currently not purchasing product processed by BRF in its UAE facilities.
The apparent consumption from the Institute for Applied Economic Research (Ipea) was down 1.4% in August from July.
World Bank forecasts a 0.6% growth for the Middle East and North Africa this year, down from 1.4% estimated in April. Oil production cuts and geopolitical tension are some of the reasons.
Industry association Abraciclo’s chairman Marcos Fermanian said the availability of credit was the primary driver of the increase.
Brazil shipped 1.3 million bags to the region year-to-date through September, up 26% from a year ago.
The Brazilian pulses company joined the stand organized by the Arab Brazilian Chamber at the trade show in Germany and found new clients in Arab countries. The show yielded good results.
IPCA, official measure of inflation, slid by 0.04% last month
The Arab country needs 100,000 tonnes of soft wheat. It’s accepting offers from parties looking to swap for the hard variety of the grain.
