The industry’s foreign sales totaled USD 736.6 million, a drop of 9.4% in comparison to the same month of last year.
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The index measured by Fundação Getulio Vargas dropped 11.2 points in October, before the election final results, to 110.3 points. However, it still reflects a high level of uncertainty.
The president issued a decree that establishes a foreign investment department within the Ministry of Finance. The country is getting ready to open up some sectors to 100% foreign ownership this year.
Trading company Braseco is taking part, until October 31, of trade mission to the country, organized by the Arab Chamber.
The North American currency climbed 1.51% this Monday and ended the day at BRL 3.71.
A plant in the emirate will integrate landfill gas, solar panels and an agro project. UAE-based company Utico will build the USD 100 million venture.
Weekly survey by the Brazilian Central Bank (BC) shows that financial institutions expect the Monetary Policy Committee (COPOM) to maintain at 6.5% the interest rates in this week’s meeting.
A group of businessmen from Minas Gerais, Brazil, led by trade association ACMinas, will be in the UAE on November 7 to spread awareness of the state’s economic potential and to join business meetings.
A delegation of business executives is being put together by the Arab Chamber for the trip. The industries involved include cosmetics, coffee, grains and doors.
The North African countries have agreed to build a 609-km railroad.
That’s the deficit of the government’s current account in September. It was the second largest deficit ever for the month.
The event was scheduled for November 7, at the Arab Chamber, in São Paulo. A new date will be announced soon.
The water and energy exhibition ended this Thursday. The Brazilian pavilion, set up and managed by the Arab Chamber, was praised by the event’s organizers.
Taking place this month, the São Paulo International Film Festival will award best feature films in the competition New Directors.
