The event’s opening this Wednesday (1) was attended by the ambassador of Brazil to the UAE, Fernando Igreja, and the head of the Arab Brazilian Chamber of Commerce’s Dubai office.
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The country grossed USD 65.4 billion in revenue, with expenditure reaching USD 48 billion from January to March, leading to a USD 7.4 billion surplus.
Foreign sales reached USD 1.21 billion in the January and February. Imports decreased, but the country still accumulates a heavy trade deficit.
The five biggest corporations run by Brazil’s federal government ran close to USD 18 billion in profit last year. Petrobras saw the strongest numbers.
Negative balance in March, however, was smaller than in March 2018.
IMF released its economic outlooks of the Middle East, North Africa, Afghanistan, and Pakistan. The fund asks for reforms that lead to growth so that it may be possible to create jobs amid a slowing global economy, volatile oil prices, and uncertainty around trade tensions.
A delegation from the Saudi Arabian General Investment Authority paid a visit to the Arab Brazilian Chamber of Commerce in a bid to publicize opportunities in strategic sectors within the Arab country.
Sabah Al-Ahmad Al-Jaber Al-Sabah was awarded a certificate of merit for the work he has done for international economic and social development.
Financial market revised down for the ninth time in a row their projections for Brazilian economy growth in 2019.
Brazil’s internal and external debt increased in March over February.
Sales of pearls, precious stones and precious metals came out to AED 1.72 billion in January, according to the Statistics Centre.
Arab diplomats in Brazil offered a welcome dinner to the incoming Saudi Arabian ambassador to Brasília, Ali Abdullah Bahittam.
The deficit slid to USD 494 million, from USD 666 million in March 2018.
Index measured by Fundação Getulio Vargas dropped by 1.5 point in April over March because of the disappointment with the slow economic upturn.
