Brazilian state-owned company will focus its efforts in gas and oil exploration and production, said the company’s president Roberto Castello Branco.
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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.
The country saw 1.55 million units sold year-to-date through July. Foreign sales were down 38% during that.
Federal decree will expand duties of the secretariat that oversees the Investment Partnership Program so that it supports processes in states and cities too.
Brazil’s president will travel to the UAE, Saudi Arabia and Qatar, congressman Eduardo Bolsonaro told ANBA in an interview. He is just back from an official trip to Abu Dhabi. ‘Brazil will be right there with the UAE,’ he said.
