The Arab Chamber is organizing a Brazilian multi-sector and business mission to the Arab country, beginning October 27. Registrations are open until August 10.
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The surplus is the result of USD 5.2 billion in exports and USD 3.2 billion in imports. Basic goods and semi-finished products had an increase in sales.
In May, the current account surplus was USD 729 million. Year-to-date, however, it has a USD 4 billion deficit.
The economic expansion estimate from financial institutions polled by the Brazilian Central Bank has moved down for the eighth straight week, this time to 1.55%.
The Rio Grande do Sul-based corporation Master Power has been selling to Egypt, Iraq, Morocco, Jordan, Saudi Arabia, United Arab Emirates, Oman and Yemen for over ten years.
Sales will continue into next week in a bid to curb the hike of the US dollar relative to the real. The North American currency gained 0.53% during this week.
It was a unanimous decision, taken this Friday by the organization within a scenario of rising international oil prices.
These were the second-most shipped Brazilian agribusiness products from January to May.
The Arab country’s economy will see 1% to 1.5% growth in 2018 before eventually reaching 3% in the medium term. With a heightened public debt, it needs international aid in welcoming Syrian refugees, the Fund said.
The Council of Arab diplomats offered a farewell dinner to the representative of the multilateral organization, Nacer Alem, who’s leaving Brazil.
Brazil’s five biggest government-owned enterprises had a 44.8% increase in profit during the first quarter of this year.
The Ministry of Labor issued an ordinance determining that work permit to immigrants must be issued within 15 days, at the most.
Shipments of the product declined in volume from January to May of this year. Revenues also declined as well as both revenues and volume in May alone. Yemen and Jordan, however, increased their purchases of the product.
The Arab country has signed an agreement with the Russian Space Agency to send an astronaut into space in the Soyuz spacecraft, to be launched next year.
