Saudi Arabia’s state-run oil company released its first-half results for the first time. Net income was down 13%; free cash flow went up.
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The Brazilian economy lost steam in Q2 from Q1, the Central Bank reported.
Year-to-date through July, Brazil shipped over 990,000 bags to the region, up 48% year-on-year. Total exports were the highest in five years.
Brazilian state-owned company will focus its efforts in gas and oil exploration and production, said the company’s president Roberto Castello Branco.
Meetings earlier this week brought together suppliers from São Paulo and representatives of retailer chains. Estimate is by the Brazilian Retail Industry Equipment and Services Association.
Activity was down 1% in June from May in Brazil, and down 3.6% year-on-year in June, according to the Brazilian Institute of Geography and Statistics (IBGE).
Brazil shipped 7.9 million pairs, up 65% year-on-year. Revenues climbed 44% to USD 84.35 million.
Brazil’s state-run oil company entered into an agreement with the Brazilian Navy to carry out scientific investigations along the coast and in the Antarctic.
Egypt increased imports by 17.5% year-to-date, while the UAE acquired almost four times more, Abrafrigo reported.
Brazil saw USD 500 million invested in the industry in 2018, as per a report by the Federation of Industries of the State of Rio de Janeiro.
Out of 15 areas tracked by the Brazilian Institute of Geography and Statistics (IBGE), ten saw output go down last June.
Arab Brazilian Chamber hosted the event held by SP Negócios and ABIESV, which promoted meetings between Brazilian retail representatives and potential suppliers.
The waterway connecting the Red Sea and the Mediterranean Sea yielded USD 6.3 billion for Egypt in the 2018-2019 fiscal year, which ended June.
In an interview with ANBA, Arab League ambassador to Brasília, Qais Marouf Kheiro Shqair, talked about the perspectives of Brazil-Arab relations after the visit of president Jair Bolsonaro to the region in October.
