Mohammed Alhayki is leaving Brazil after a near-six-year stint, and the organization offered a farewell dinner. Bilateral trade increased and grew more diverse during his tenure.
Browsing: News
The two countries that played each other in the World Cup opener signed an oil and gas agreement in a meeting of ministers in Russia.
The country shipped 467,600 tons of the product abroad from January to May. Purchases by the United States drove the hike in exports.
The Brazilian monetary authority said it will offer currency swap contracts starting next week to reduce volatility of the United States currency.
The United States currency closed at BRL 3.812 this Thursday, up 2.64% from the day before.
The amount of product purchased by Brazil from other countries was down 8.5% last month, industry association ANDA reported.
Foreign sales from Brazil were up 3% year-on-year. Soy, the primary driver of sales, accounted for 58% of total goods shipped abroad from Brazil.
Governor Daniel Pereira visited the Arab Chamber and spoke of enhancing commercial ties with the region. The state is a potential exporter of coffee, beef and fish, as well as a fertilizer importer.
Its first-ever international unit will cover the Middle East and North Africa. By 2020, the cooperative expects to double its sales to Arab countries.
The Brazilian Institute of Geography and Statistics (IBGE) released this Tuesday (12) its estimate from May regarding the cereal, oilseed and pulse harvest. The expected amount is down 0.8% from April.
The Organization of the Petroleum Exporting Countries increased output in 35,000 barrels per day in May. Saudi Arabia alone increased its production in 85,500 barrels.
The Brazilian trade surplus is the result of USD 4.849 billion in exports and USD 3.935 billion in imports in the month’s first two weeks, which had only six business days.
From January to May, the country shows up at the 17th position in the rank of footwear importers from Brazil. But, in volume, exporters declined 16%.
The country produced 96,600 units in May. Exports increased 37% in the same month.
