Director of the Agribusiness Promotion Department of the Ministry of Foreign Relations, Alexandre Ghisleni, visited the Arab Brazilian Chamber on Monday to discuss agribusiness opportunities.
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Expenditure during international trips was down 3% in April and 10% year-to-date through April, the Brazilian Central Bank reported. A strong US dollar makes it more expensive to go abroad.
Government approved new austere budget for 2019 aimed to cut the deficit to 7.5% of GDP from 11.5%.
Banks keep reducing their estimate for Brazil’s GDP. Expectation now is that the economy will grow 1.23% in 2019.
Brazil saw 129,600 posts created, the biggest number for the month since April 2013.
The fertilizer manufacturer saw revenue climb 20% in Q1, with results driven by markets including Brazil.
Slated to open in 2020, the new facility will work to increase exports from the Brazilian state to the United Arab Emirates, and to promote the administration’s privatizations program.
According to IBGE, this was the greatest change for the month of May since 2016.
Marcelo Prado is a partner-director at the trading company Braz Foods together with Kuwaiti businessman Sabah Al-Sabah. For seven years, they have exported açaí and other sorbets made of Northern Brazil fruits to the Arab country and wants to expand business to the Middle East and North Africa.
The United States government, which had been preventing Brazil from joining the organization, has now given its formal support.
The Zayed Sustainability Prize is awarded by the Abu Dhabi government to projects in five categories: Health, Food, Energy, Water, and Global High Schools.
USD 34 billion went into the government’s coffers during the month in Brazil, with collection driven by oil royalties.
The Egyptian Commercial Office in Sao Paulo will bring food samples of at least 20 companies to its stand at the show. The Arab Brazilian Chamber supports it.
The two Gulf countries have permanent visa programs in place for non-nationals in a bid to boost their economies.
