At the Arab Chamber’s stand in the Wetex show, the Brazilian beverage company is promoting its Ama bottled water, whose revenues it funnels into water resource management projects in Brazil’s semi-arid areas.
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Egypt’s Minister of Petroleum, Tarek El-Molla, announced that his country will hold the first bid round for oil and gas exploration in the Red Sea before the end of the year.
US-based company HyperloopTT said construction of the emirate’s hyperloop will begin in the third quarter of next year.
Four Brazilian companies are exhibiting their products at WETEX 2018 in a stand set up by the Arab Chamber. The fair began this Tuesday and runs until Thursday.
The Arab Chamber’s Michel Alaby, Apex-Brasil’s Karen Jones and the Paraná Development Agency’s Adalberto Neto are attending the Future Investments Initiative conference, which began this Tuesday in Riyadh.
Dubai-based port operator DP World handled 53.6 million TEUs from January to September. The company operates in the port of Santos.
Weakening production and employment levels continue to hamper a rebound, according to the National Confederation of Industry (CNI).
Brazil’s IPCA-15 index is up 0.09% in October from September.
The beans produced at Chapada de Minas Gerais and Cerrado Mineiro were the winners in the international round of the award.
That’s the forecast made by financial institutions in Brazil for the Extended National Consumer Price Index (IPCA) in 2018. Last week, their estimate stood at 4.43%. It’s the sixth straight time that banks revise up their forecast.
The signing of a deal covering 17 non-tariff-related issues is expected to happen in December. Tariffs have been lifted under a previous deal entered into by the Andean country and Mercosur.
Such was the amount by which Brazil’s Gross Domestic Product widened from June to August, as per think tank Fundação Getulio Vargas’ GDP Monitor.
The business meeting will take place on November 7, in São Paulo, and will be attended by the country’s minister of Investment and International Cooperation, Sahar Nasr, and Mohab Mamish, chairman of the Suez Canal Authority, plus business owners.
The city’s mayor, Fabricio Oliveira, is visiting the Arab country, aiming to attract the attention of investors to tourism projects.
