The Arab Chamber’s president, Rubens Hannun, discussed the idea this Friday with Hind Al Qasimi, Acting Chairperson of the Sharjah Business Women Council.
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The index which tracks activity dropped from 46 points in June to 45.4 in July.
The Brazilian state-run oil company posted BRL 10.7 billion in net profit in quarter two this year, up 45% from a year ago.
City Hall secretaries visited the Arab Chamber this Thursday to discuss ways to build closer ties with the region. The municipality is looking to build closer trade and culture ties with the Arab world, and plans include events.
The Petrobras subsidiary that operates in the fuel distribution sector posted a net profit of BRL 263 million (USD 72.90 million) in Q2 2018.
The National Agency of Petroleum, Natural Gas and Biofuels (ANP) said output averaged 3.3 million boed in June.
The amount will be used by the company in wind projects until 2020 to increase wind energy generation in one thousand megawatts.
The month saw 463,100 tons worth of chicken shipped from Brazil. The resumption of sales in the wake of a trucker strike and normalization of statistics from the Ministry of Industry, Foreign Trade and Services led to the record-breaking result.
The Brazilian company based in Joinville, Santa Catarina has been selling to the Arab country for two years. Now, it is looking to step up its foreign sales.
Brazil’s benchmark rate has been kept at 6.5% per annum for the third straight time, in a decision made this Wednesday by the Monetary Policy Committee.
Last month, 306,700 units were sold in the country. Year-to-date, sales have reached almost 2 million.
Brazil’s foreign purchases were up 42.7% year-on-year in July, whereas foreign sales increased by 16.4%. As a result, the country’s trade surplus grew 32.7% narrower.
The Arab Chamber held a workshop to present the existing opportunities to Brazilian companies in the Arab countries’ construction sector. Growing economies and diversification are attractive features.
Results improved over May in Brazil, although this was partly imputed to the fact that shipping was held back by the trucker strike.
